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
Nov 02 Analysis: Why any party in power can't do much about inflation By William Chittenden, The Conversation Many voters say inflation is the issue that matters to them most as they head to the polls. The problem is, the people they choose can’t do much about it. Continue reading
Nov 02 WATCH: Federal Reserve Chair Jerome Powell faces questions after interest rate decision By Christopher Rugaber, Associated Press The Federal Reserve pumped up its benchmark interest rate Wednesday by three-quarters of a point for a fourth straight time to fight high inflation but also hinted that it could soon reduce the size of its rate hikes. Continue reading
Oct 27 Europe sees fastest interest rate hikes since the euro first launched By David McHugh, Associated Press The European Central Bank has made another outsized interest rate hike aimed at squelching out-of-control inflation, moving at the fastest pace in the euro currency's history. Continue reading
Oct 27 U.S. economy snaps contraction streak with 2.6 percent growth last quarter By Paul Wiseman, Associated Press The U.S. economy grew at a 2.6% annual rate from July through September, snapping two straight quarters of economic contraction and overcoming punishingly high inflation and interest rates. Continue reading
Oct 26 WATCH: Biden announces push to crack down on 'junk fees' amid high inflation By Ken Sweet, Associated Press With time running out before the election, President Joe Biden highlighted his administration’s push to crack down on so-called junk fees that banks and other companies charge their customers. Continue reading