Sep 15 Retail sales climb 0.3 percent in Aug. from July, even as inflation remains high By Anne D'Innocenzio U.S. retail sales rose an unexpected 0.3 percent last month after falling 0.4 percent in July, the Commerce Department said Thursday. Excluding business at gas stations, sales rose 0.8 percent. Continue reading
Sep 13 Watch 6:22 Inflation remains stubbornly high, raising fears of more interest rate hikes The August inflation report is out and the U.S. Labor Department says overall consumer prices rose 8.3% from a year ago. That's slightly lower than July's increase, but amid fears of more interest rate hikes, it led to Wall Street's… Continue watching
Sep 13 WATCH: Biden touts Inflation Reduction Act despite a new report showing prices are still rising By Josh Boak, Zeke Miller, Associated Press President Joe Biden gathered a crowd of thousands at the White House Tuesday to celebrate last month’s passage of the Inflation Reduction Act, even as a new government report showed how hard it could be to bring surging prices down. Continue reading
Sep 13 WATCH: White House press secretary Karine Jean-Pierre says Ukraine using U.S. weapons ‘with great effect’ By Christopher Rugaber, Associated Press As Ukrainian troops apply pressure on retreating Russian forces, pressing a counteroffensive that has produced a stunning blow to Moscow's military prestige, the White House says Ukraine is using advanced rocket systems provided by the U.S. "with great effect."… Continue reading
Sep 13 U.S. inflation ticks down slightly, but stays stubbornly high By Christopher Rugaber, Associated Press Sharply lower prices for gas and cheaper used cars slowed U.S. inflation in August for a second straight month, though many other items rose in price, indicating that inflation remains a heavy burden for American households. Continue reading
Sep 08 Democrats don’t see the economy like everyone else right now By Laura Santhanam More than half of Americans think President Joe Biden has made the economy weaker, according to the latest PBS NewsHour/NPR/Marist poll… Continue reading
Sep 06 U.S. stocks continue to fall as inflation remains By Damian J. Troise, Associated Press Markets have been slipping in recent weeks and shedding much of the gains made in July and early August as inflation remains hot and the Federal Reserve stays on track to continue raising interest rates to try and tame stubbornly… Continue reading
Aug 31 For Euro countries, inflation hits record-high 9.1 percent By Kelvin Chan, Associated Press Inflation in the European countries using the euro currency hit another record in August, fueled by soaring energy prices mainly driven by Russia's war in Ukraine. Continue reading
Aug 30 Watch 8:55 How homebuyers of color are disproportionately impacted by rising mortgage rates By Paul Solman, Ryan Connelly Holmes Rising mortgage rates and lingering inflation are forcing many Americans to put plans to buy a home on hold. That is pushing up rent prices for others. As economics correspondent Paul Solman explains, no one has experienced that more acutely… Continue watching
Aug 30 Job openings rose in July, dashing Federal Reserve hopes for cooling By Christopher Rugaber, Associated Press The number of open jobs in the United States rose in July after three months of declines, a sign that employers are still urgently seeking workers despite slowing economic growth and high inflation. Continue reading