Jan 04 UK Prime Minister Rishi Sunak vows to halve inflation, tackle illegal immigration By Sylvia Hui, Associated Press British Prime Minister Rishi Sunak, in his first major speech of 2023, has pledged to halve inflation, grow the U.K. economy and stop illegal immigration. Continue reading
Dec 29 Applications for unemployment benefits see small rise, indicating strength of economy By Christopher Rugaber, Associated Press The number of people seeking unemployment benefits rose modestly last week, the latest sign that the labor market remains strong despite the Federal Reserve's efforts to cool the economy and hiring. Continue reading
Dec 26 Holiday sales rose 7.6 percent despite inflation By Associated Press Holiday sales rose as American spending remained resilient during the critical shopping season despite surging prices on everything from food to rent, according to one measure. Continue reading
Dec 23 Stocks unsteady on Wall Street amid mixed economy data By Damian J. Troise, Associated Press Stocks are wavering on Wall Street and headed for weekly losses as investors reviewed mixed news on the economy. Continue reading
Dec 23 Commerce Department inflation gauge shows price increases slowing to 5.5 percent By Paul Wiseman, Associated Press A measure of inflation closely watched by the Federal Reserve slowed last month, another sign that a long surge in consumer prices seems to be easing. Continue reading
Dec 22 Inflation is a factor behind an increase in holiday procrastinators this year By Anne D'Innocenzio, Associated Press Inflation is driving many consumers to put off their holiday shopping until the last minute. Continue reading
Dec 22 U.S. economy beat early estimate, grew 3.2 percent in 3rd quarter By Paul Wiseman, Associated Press Shrugging off rampant inflation and rising interest rates, the U.S. economy grew at an unexpectedly strong 3.2 percent annual pace from July through September, the government reported Thursday in a healthy upgrade from its earlier estimate of third-quarter growth. Continue reading
Dec 16 Fed plans to keep rates high as US recession still a growing a fear By Paul Wiseman, Stan Choe, Associated Press On Thursday, stock investors were spooked by the growing understanding of how much further the Fed seems willing to go to defeat high inflation. Continue reading
Dec 14 Watch 5:39 After raising interest rates again, Federal Reserve warns more hikes likely in 2023 By Geoff Bennett, Dorothy Hastings After announcing another half-point interest rate hike, Federal Reserve Chair Jay Powell indicated more hikes are on the way in 2023. This comes as inflation shows signs of slowing gradually, but there are again concerns the Fed is not going… Continue watching
Dec 14 WATCH: Federal Reserve Chair Powell announces small rate hike as inflation cools By Christopher S. Rugaber, Associated Press The Federal Reserve reinforced its inflation fight by raising its key interest rate for the seventh time this year and signaling more hikes to come. Continue reading