Apr 01 European inflation soars to record 7.5 percent on fuel, food costs By Kelvin Chan, Associated Press Inflation in Europe has soared to another record. It's a fresh sign that rising energy prices fueled by Russia's war in Ukraine are squeezing consumers and adding pressure on the central bank to raise interest rates. Continue reading
Apr 01 WATCH: Biden says economy ‘on the move’ after strong March jobs report By Associated Press America’s employers added 431,000 jobs in a sign of the economy’s resilience and despite a still-destructive pandemic and the highest inflation in 40 years. Continue reading
Mar 29 Labor Department says U.S. job openings remain at historic highs By Christopher Rugaber, Associated Press Job openings stayed at a near-record level in February, little changed from the previous month, continuing a trend that Federal Reserve officials see as a driver of inflation. Continue reading
Mar 17 Watch 5:59 Rising rents squeeze Americans across the country By Cresencio Rodriguez-Delgado, Roby Chavez, Gabrielle Hays, Talesha Reynolds, Karina Cuevas We've talked about inflation a lot lately and how it's at a 40-year high. But rising rents are a part of that calculation. In many places around the country, rents have been climbing for months, far above the lows of… Continue watching
Mar 16 Watch 5:26 Federal Reserve raises interest rates in effort to tame inflation By John Yang, Courtney Norris In addition to Wednesday's hike in a key interest rate, the Federal Reserve also signaled it expects to continue to raise rates through the year. Nick Timiraos, chief economics correspondent for The Wall Street Journal and author of a new… Continue watching
Mar 16 How will higher interest rates affect American finances? By Christopher Rugaber, Associated Press Americans who have long enjoyed the benefits of historically low interest rates will have to adapt to a very different environment as the Federal Reserve embarks on a period of rate hikes to fight inflation. Continue reading
Mar 16 WATCH: Federal Reserve chair Powell gives update on federal interest rate policy By Christopher Rugaber, Associated Press The Federal Reserve launched a high-risk effort Wednesday to tame the worst inflation since the 1970s, raising its benchmark short-term interest rate and signaling potentially up to seven rate hikes this year. Continue reading
Mar 10 WATCH: White House press secretary Jen Psaki holds news briefing By Associated Press White House press secretary Jen Psaki defended the U.S. position delivering aircraft to a besieged Ukraine. Continue reading
Mar 10 U.S. inflation hits new 40-year high, jumping 7.9 percent over past year By Christopher Rugaber, Associated Press Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9 percent over the past year, the sharpest spike since 1982 and likely only a harbinger of even higher prices to come. Continue reading
Mar 07 Watch 8:49 Tamara Keith and Amy Walter on a possible U.S. ban on Russian oil, Trump and the GOP base By Lisa Desjardins, Saher Khan, Matt Loffman NPR’s Tamara Keith and Amy Walter of the Cook Political Report with Amy Walter join Lisa Desjardins to discuss the latest political news, including how mounting pressure to ban Russian oil imports is putting President Biden in a tough situation… Continue watching