Jul 25 U.S. consumer confidence jumps to a two-year high as inflation eases By Paul Wiseman, Associated Press The index measures both Americans' assessment of current economic conditions and their outlook for the next six months. Both improved in July. Continue reading
Jul 24 Federal Reserve officials meet as central bank aims for 'soft landing' By Christopher Rugaber, Associated Press After the Fed began aggressively raising borrowing costs early last year, most economists predicted it would send the economy crashing. Yet even though the Fed is poised to raise its key rate on Wednesday for the 11th time since March… Continue reading
Jul 12 Watch 4:24 News Wrap: Inflation falls to lowest level since early 2021 In our news wrap Wednesday, inflation cooled in June to its lowest level since early 2021, cleanup crews plowed through sludge in Montpelier, Vermont, after flood waters receded, heat alerts were issued as forecasts called for the Southwest to break… Continue watching
Jul 12 Inflation drops sharply to 3 percent, lowest point in more than 2 years By Christopher Rugaber, Associated Press The inflation figure the government reported Wednesday was down sharply from a 4 percent annual rate in May, though still above the Fed's 2 percent target rate. Continue reading
Jul 07 WATCH: White House national security adviser says U.S. is pressing for the release of reporter who has spent 100 days in Russian jail By Aamer Madhani, Associated Press The Kremlin earlier this week suggested that it was open to a possible prisoner exchange that could involve Gershkovich, but it underscored that such talks must be held out of the public eye. Continue reading
Jul 07 U.S. adds 209,000 jobs in June, a slowing in hiring but a sign of economy's resilience By Christopher S. Rugaber, Associated Press WASHINGTON (AP) — America's employers pulled back on hiring but still delivered another month of solid gains in June, adding 209,000 jobs, a sign that the economy's resilience is confounding the Federal Reserve's drive to slow growth and inflation. The… Continue reading
Jul 06 U.S. job openings dip to 9.8 million but remain high, showing resilience in labor market By Paul Wiseman, Associated Press The Labor Department said employers posted 9.8 million job vacancies, down from 10.3 million in April. But layoffs fell slightly, and more people quit their jobs — a sign they were confident they could find better jobs elsewhere. Continue reading
Jun 30 A Federal Reserve inflation index falls to lowest level in 2 years By Christopher Rugaber, Associated Press At the same time, consumers barely increased their spending last month, boosting it just 0.1%, after a solid 0.6% gain in April. Continue reading
Jun 27 Why Biden is eager to run on the economy, while voters still have their doubts about 'Bidenomics' By Josh Boak, Associated Press For President Joe Biden, there's a happy confluence of the coming 2024 reelection campaign and a favorable turn in recent economic data. Continue reading
Jun 22 WATCH: Fed Chair Jerome Powell reinforces likelihood of more rate hikes By Matt Ott, Associated Press Chair Jerome Powell reiterated Thursday that the Federal Reserve will likely raise interest rates at least once more this year because of persistently high inflation in the economy's service sector and the surprisingly tight job market. Continue reading