Nov 17 Fewer Americans filed for jobless benefits last week, contributing to inflation By Matt Ott, Associated Press The U.S. job market remains healthy as fewer Americans applied for unemployment benefits last week, despite the Federal Reserve's rapid interest rate hikes this year intended to bring down inflation and tighten the labor market. Continue reading
Nov 17 Average long-term U.S. mortgage rates fall to 6.61 percent By Matt Ott, Associated Press The average long-term U.S. mortgage rate tumbled by nearly a half-point this week, but will likely remain a significant barrier for potential homebuyers as Federal Reserve officials have all but promised more rate hikes in the coming months. Continue reading
Nov 16 European Central Bank says a recession ‘has become more likely’ By David McHugh, Associated Press It's looking more like a recession is coming in Europe. That's the takeaway from a financial stability report that the European Central Bank released Wednesday. Continue reading
Nov 16 Rising food costs eating up Thanksgiving dinner funds By Dee-Ann Durbin, Associated Press Americans are bracing for a costly Thanksgiving this year, with double-digit percent increases in the price of turkey, potatoes, stuffing, canned pumpkin and other staples. Continue reading
Nov 16 UK inflation climbs to 11.1 percent, 41-year high By Danica Kirka, Associated Press Britain's inflation rate rose to a 41-year high in October, fueling demands for the government to do more to ease the nation's cost-of-living crisis when it releases new tax and spending plans Thursday. Continue reading
Nov 11 EU forecasts recession this year amid persistent inflation By David McHugh, Associated Press The European Union's executive commission slashed its forecast for economic growth next year. It says spreading the message that the countries that use the euro currency will slide into recession over the winter will erode consumer purchasing power. Continue reading
Nov 10 Price increases slow as U.S. consumer inflation eases to 7.7 percent By Paul Wiseman, Associated Press Price increases moderated in the United States last month in the latest sign that the inflation pressures that have gripped the nation might be easing as the economy slows and consumers grow more cautious. Continue reading
Nov 04 Labor market adds 261,000 jobs with U.S. employers still hiring at solid pace By Christopher Rugaber, Associated Press America's employers kept hiring briskly in October, adding a substantial 261,000 positions, a sign that as Election Day nears, the economy remains a picture of solid job growth and painful inflation. Continue reading
Nov 02 Watch 7:17 How interest rate hikes impact bonds and stock prices By Paul Solman, Diane Lincoln Estes With the sixth interest hike this year, it's been decades since the Federal Reserve has acted this aggressively to slow inflation. Markets reacted strongly to Fed Chair Jay Powell saying rates will be higher than previously expected. Swings tied to… Continue watching
Nov 02 Federal Reserve unleashes another big rate hike but hints at a pullback soon By Christopher Rugaber, Associated Press It was the Fed's sixth rate hike this year — a streak that has made mortgages and other loans increasingly expensive and heightened the risk of a recession. Continue reading