Jul 25 As inflation soars, the Federal Reserve is set to announce another interest rate hike By Christopher Rugaber, Associated Press Conflicting signs about the health of the U.S. economy have thrust the Federal Reserve into a difficult spot. Continue reading
Jul 25 Yellen downplays U.S. recession risk as economic reports loom By Christopher Rugaber, Associated Press Treasury Secretary Janet Yellen says the U.S. economy is slowing but pointed to healthy hiring as proof that it is not yet in recession. Continue reading
Jul 21 High mortgage rates, prices discourage buyers and chill housing market By Ken Sweet, Michael Casey, Alex Veiga, Associated Press Sales of previously occupied homes have fallen for five straight months, during what is generally the busiest time of year in real estate. Continue reading
Jul 21 Europe’s central bank raises interest rates for first time in 11 years By David McHugh, Associated Press The ECB is joining steps already taken by the U.S. Federal Reserve and other major central banks to target stubbornly high inflation. Continue reading
Jul 14 Long lines return to U.S. food banks as inflation hits high By Anita Snow, Eugene Garcia, Associated Press Long lines are back at outside food banks around the U.S. as working Americans overwhelmed by inflation increasingly seek handouts to feed their families. Continue reading
Jul 13 Watch 5:45 Soaring costs drive inflation increases above expectations Inflation in the U.S. is the highest in four decades and new numbers out Wednesday show no signs of letting up. The Labor Department reported consumer prices jumped 9.1 percent from last year. Gas prices, furniture, clothing, healthcare, groceries and… Continue watching
Jul 13 Why the U.S. inflation surge is accelerating, and when it may ease By Paul Wiseman, Associated Press Inflation's relentless surge didn't merely persist in June. It accelerated. For the 12 months ending in June, the government's consumer price index rocketed 9.1 percent, the fastest year-over-year jump since 1981. Continue reading
Jul 13 Watch 7:26 How Democrats are feeling about the midterm elections Less than four months until midterm elections, Democrats are facing a series of headwinds on inflation, gun violence and abortion rights. A New York Times-Siena College poll just out shows 60 percent of voters, including a quarter of Democrats, disapprove… Continue watching
Jul 13 U.S. inflation at 9.1 percent, a record high By Christopher Rugaber, Associated Press Surging prices for gas, food and rent catapulted U.S. inflation to a new four-decade peak in June, further pressuring households and likely sealing the case for another large interest rate hike by the Federal Reserve, with higher borrowing costs to… Continue reading
Jul 11 Watch 8:24 Inflation and high housing costs spur more baby boomers to find roommates By Paul Solman, Diane Lincoln Estes Amid high inflation and rising housing costs, some seniors are turning to home-sharing. Economics correspondent Paul Solman has the story about a growing number of baby boomers who are becoming "boommates."… Continue watching