Dec 22 U.S. economy beat early estimate, grew 3.2 percent in 3rd quarter By Paul Wiseman, Associated Press Shrugging off rampant inflation and rising interest rates, the U.S. economy grew at an unexpectedly strong 3.2 percent annual pace from July through September, the government reported Thursday in a healthy upgrade from its earlier estimate of third-quarter growth. Continue reading
Dec 16 Fed plans to keep rates high as US recession still a growing a fear By Paul Wiseman, Stan Choe, Associated Press On Thursday, stock investors were spooked by the growing understanding of how much further the Fed seems willing to go to defeat high inflation. Continue reading
Dec 14 Watch 5:39 After raising interest rates again, Federal Reserve warns more hikes likely in 2023 By Geoff Bennett, Dorothy Hastings After announcing another half-point interest rate hike, Federal Reserve Chair Jay Powell indicated more hikes are on the way in 2023. This comes as inflation shows signs of slowing gradually, but there are again concerns the Fed is not going… Continue watching
Dec 14 WATCH: Federal Reserve Chair Powell announces small rate hike as inflation cools By Christopher S. Rugaber, Associated Press The Federal Reserve reinforced its inflation fight by raising its key interest rate for the seventh time this year and signaling more hikes to come. Continue reading
Dec 13 Slowdown in inflation eases some pressure on American households By Christopher Rugaber, Associated Press Inflation in the United States slowed again last month in the latest sign that price increases are cooling despite the pressures they continue to inflict on American households. Continue reading
Dec 13 WATCH: 'Economic plan is working' to slow inflation, Biden says By Christopher Rugaber, Associated Press Consumer prices rose 7.1 percent in November from a year ago, the government said Tuesday. That was down from 7.7 percent in October and a recent peak of 9.1 percent in June. Continue reading
Dec 12 Watch 7:49 Increasing number of people in United Kingdom go hungry because of price spikes By Malcolm Brabant A winter of discontent is coming for the United Kingdom. Monday, the first in what will be weeks of nationwide strikes across professions began in protest of the skyrocketing living costs. Now, a bleak winter forces many to decide whether… Continue watching
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