May 05 Stocks slump 3 percent as worries grow over higher interest rates By Damian J. Troise, Alex Veiga, Associated Press Stocks are slumping on Wall Street, erasing a rally from a day earlier, as markets assess the looming fallout from the Federal Reserve's stepped-up fight against inflation. Continue reading
May 04 Federal Reserve raises key rate by a half-point in bid to tame inflation By Christopher Rugaber, Associated Press The Federal Reserve intensified its drive to curb the worst inflation in 40 years by raising its benchmark short-term interest rate by an sizable half-percentage point. Continue reading
May 02 Federal Reserve poised to fight inflation with fastest rate hikes in decades By Christopher Rugaber, Associated Press The Federal Reserve is poised this week to accelerate its most drastic steps in three decades to attack inflation by making it costlier to borrow, which will compound Americans' financial strains and likely weaken the economy. Continue reading
May 01 Watch 5:02 How one Michigan family is trying to stay afloat amid historic inflation By Geoff Bennett, Maea Lenei Buhre, Layla Quran Prices in the U.S. are climbing at their fastest rates in 40 years, up more than 8 percent from 2021. But for many families across the country that number is more than a data point. We take a look at… Continue watching
Apr 29 A key inflation gauge jumped 6.6 percent in March, possibly nearing a peak By Christopher Rugaber, Associated Press An inflation gauge closely tracked by the Federal Reserve surged 6.6% in March compared with a year ago, the highest 12-month jump in four decades and further evidence that spiking prices are pressuring household budgets and the health of the… Continue reading
Apr 28 Watch 6:15 As the U.S. economy slows down, fears of a possible recession grow By Karina Cuevas The U.S. economy slowed down over the first three months of the year, the first time it has contracted since the pandemic brought it to a screeching halt. There have been other troubling signs, most notably inflation and concerns over… Continue watching
Apr 28 Top Democrats push for federal crackdown on price gouging By Matthew Daly, Kevin Freking, Associated Press Democratic leaders have announced an effort to give the Federal Trade Commission increased authority to crack down on oil and gas companies that engage in price gouging. Continue reading
Apr 17 Watch 5:45 How the White House is trying to fight inflation and what it means politically By Geoff Bennett, Tess Conciatori, Ian Couzens President Biden will travel to Portland and Seattle this week in his first visit to the Pacific Northwest as president. The White House says his visit will center on his efforts to address inflation as Americans see skyrocketing prices on… Continue watching
Apr 15 Watch 5:56 IRS struggles with a major backlog ahead of the tax deadline By John Yang, Courtney Norris As the deadline to file federal taxes approaches Monday in most states, questions remain for many about what to expect this tax season, and when to expect their refunds. The IRS is warning that refunds may be delayed for many… Continue watching
Apr 15 Watch 12:27 Brooks and Capehart on the global impact of war in Ukraine, historic inflation New York Times columnist David Brooks and Washington Post associate editor Jonathan Capehart join Judy Woodruff to discuss the week in politics, including President Biden's accusations that Russia committed genocide in Ukraine, rising prices in the U.S. continue to outflank… Continue watching