Dec 10 Watch 7:58 How inflation is changing the way some Americans celebrate the holidays By Stephanie Sy, Lorna Baldwin, Andrew Corkery The holiday season is in full swing, and many Americans whose paychecks haven't kept pace with inflation are finding themselves strapped for cash to pay for entertainment, travel or shopping. As Stephanie Sy reports, the increase in prices is altering… Continue watching
Dec 09 Watch 6:03 News Wrap: Brittney Griner returns to the U.S. amid discussions about more prisoner swaps In our news wrap Friday, Brittney Griner lands in the U.S. a day after Russia exchanged her for a convicted arms dealer, health experts urged older Americans to get COVID boosters before the holidays, Ukraine says Russian shelling in the… Continue watching
Dec 01 Average long-term U.S. mortgage rates fall for a third week in a row By Matt Ott, Associated Press The average long-term U.S. mortgage rate ticked down for the third week in a row and have fallen more than a half-point since hitting a 20-year high less than a month ago. Continue reading
Dec 01 Applications for jobless benefits fall, suggests labor market unaffected by interest rate hikes By Matt Ott, Associated Press The number of Americans applying for unemployment benefits came back down last week and continue to hover around levels suggesting the U.S. labor market has been largely unaffected by the Federal Reserve's aggressive interest rate hikes. Continue reading
Nov 30 Watch 7:37 Some economists concerned aggressive interest rate hikes do more harm than good By William Brangham The Federal Reserve has raised interest rates six times this year and Fed Chair Jay Powell suggested that a seventh hike, albeit a smaller one, is on the way next month. But some Democrats and economists worry the Fed hit… Continue watching
Nov 28 Inflation in Europe likely to increase, more interest rate hikes likely, warns central bank president By Associated Press The head of the European Central Bank says she doesn't believe inflation has peaked after reaching the highest levels on record. Continue reading
Nov 25 Inflation weighs on Black Friday shoppers By Anne D'Innocenzio, Haleluya Hadero, Alexandra Olson, Associated Press Shoppers eager to start holiday shopping but weighed down by inflation are hunting for the best deals at stores and online this Black Friday. Continue reading
Nov 24 Watch 7:09 Inflation casts a shadow over Thanksgiving as food banks struggle to meet demand By William Brangham, Karina Cuevas This Thanksgiving, as many sit down with friends and family at tables overstuffed with food, there are millions of Americans who aren’t as fortunate. The holiday is a reminder of the stark reality of what’s called food insecurity. It’s widespread… Continue watching
Nov 18 WATCH: Biden assured inflation help is coming but ‘will take time’ By Chris Megerian, Aamer Madhani, Associated Press He made the remarks while meeting with business and labor leaders in his first public event since returning from an around-the-world trip to Egypt, Cambodia and Indonesia. Continue reading
Nov 17 Federal Reserve official suggests substantial rate hikes may be needed By Christopher Rugaber, Associated Press The Federal Reserve may have to raise its benchmark interest rate much higher than many people expect to get inflation under control, said James Bullard, who leads the Federal Reserve Bank of St. Louis. Continue reading