May 25 Fed officials signal rates may head to 'restrictive' levels to stabilize economy By Christopher Rugaber, Associated Press Federal Reserve officials agreed when they met earlier this month that they might have to raise interest rates to levels that would weaken the economy as part of their drive to curb inflation, which has reached a four-decade high. Continue reading
May 23 Biden launches new trade deal with Indo-Pacific nations, warns long 'haul' for inflation recovery By Josh Boak, Aamer Madhani, Associated Press President Joe Biden has launched a new trade deal with 12 Indo-Pacific nations aimed at strengthening their economies as he warns Americans worried about high inflation that it is "going to be a haul" before they feel relief. Continue reading
May 20 Watch 5:25 Investors scramble as the S&P 500 dives into bear market territory Financial markets closed out the week with yet another head-spinning day, with one of the main indexes, the S&P 500, plunging for almost three hours into bear market territory, signifying a drop of 20 percent or more from its prior… Continue watching
May 17 Watch 5:24 News Wrap: FDA approves Pfizer's COVID-19 booster for children age 5 to 11 In our news wrap Tuesday, the FDA authorized Pfizer's low-dose COVID booster for kids 5 to 11 years old, China restricted more Beijing residents to their homes to help control a small outbreak, U.S highway deaths shot up last year… Continue watching
May 12 Senate confirms Jerome Powell for second term as Fed Chair By Christopher Rugaber, Associated Press The Senate on Thursday confirmed Jerome Powell for a second four-year term as Federal Reserve chair, giving bipartisan backing to Powell's high-stakes efforts to curb the highest inflation in four decades. Continue reading
May 11 WATCH: Biden sees bigger role for U.S. farms to ease food prices amid Ukraine war By News Desk and Associated Press President Joe Biden is vowing to help American farmers try to ease a global spike in food prices following Russia's invasion of Ukraine. Continue reading
May 11 U.S. prices see smallest rise in eight months, spurring hopes that inflation may be peaking By Christopher Rugaber, Associated Press Inflation slowed in April after months of relentless gains, a tentative sign that price increases may be peaking while still imposing a financial strain on American households. Continue reading
May 10 WATCH: Biden defends record and warns of 'ultra-MAGA' Republicans taking power By Zeke Miller, Chris Megerian, Josh Boak, Associated Press President Joe Biden is warning voters unhappy with soaring inflation and his stalled domestic agenda against turning power over to "ultra-MAGA" Republicans in the midterm elections. Continue reading
May 06 U.S. job market extends hiring streak with 428,000 jobs in April despite surging inflation By Paul Wiseman, Associated Press America's employers added 428,000 jobs in April, extending a streak of solid hiring that has defied punishing inflation, chronic supply shortages, the Russian war against Ukraine and much higher borrowing costs. Continue reading
May 05 Watch 4:06 Stocks plummet in worst day since 2020 as economic forecast darkens The stock market had its worst day since 2020 on Thursday, just one day after the Dow Jones Industrial Index average posted its best day in years. Washington Post columnist Catherine Rampell joins Judy Woodruff to discuss. Continue watching