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
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