Apr 11 U.S. wholesale inflation falls offering possible relief, but trade war threatens to raise prices By Paul Wiseman, Associated Press Compared to a year earlier, producer prices rose 2.7%, down from a 3.2% year-over-year gain in February and much lower than the 3.3% economists had forecast. Continue reading
Apr 10 Watch 6:22 Food banks feel the pain from higher prices and cuts to government programs By Deema Zein, Layla Quran President Trump's tariffs mean Americans can expect to see even higher prices on items ranging from coffee to fruits and cheese. It comes at a time when food banks nationwide are reporting record levels of need and after the USDA… Continue watching
Apr 10 Before Trump ramped up tariff threats, inflation was cooling By Christopher Rugaber, Associated Press Consumer prices rose just 2.4 percent in March from a year earlier, the Labor Department said Thursday. Economists warned that the data is mostly backward-looking and likely to be overtaken by the impact of the tariffs that President Donald Trump… Continue reading
Apr 10 Egg prices increase to record high despite Trump promises and curbing bird flu outbreak By Josh Funk, Associated Press Trump tried to take credit for the wholesale price drop. But experts say the president's bird flu plan that focuses on strengthen egg farmers' defenses against the virus is likely to be more of a long-term help. Continue reading
Apr 04 Watch 6:59 Trade war, tariffs and uncertainty drag markets to worst week in years By Amna Nawaz, Azhar Merchant Stocks were in free fall again Friday as markets saw their worst week in years. The trade war heated up as China responded to President Trump with their own 34 percent tariffs on imported U.S. goods. Markets fell further after… Continue watching
Apr 03 Trump’s tariff gamble is a race against potential voter backlash By Christopher Rugaber, Associated Press The White House is gambling that other countries will also suffer enough pain that they will open up their economies to more American exports, leading to negotiations that would reduce the tariffs imposed Wednesday. Continue reading
Mar 28 U.S. inflation gauge remained high in February but consumer spending recovered after steep fall By Christopher S. Rugaber, Associated Press An inflation gauge closely watched by the Federal Reserve remained high last month even before the impact of most tariffs has been felt… Continue reading
Mar 20 Watch 7:02 A look at the real reasons behind soaring egg prices By Paul Solman, Diane Lincoln Estes Egg prices have soared to new records over the last couple of months. The wholesale price for a dozen white eggs climbed to over $8 in February. Since then, that price has dropped but the prices consumers pay at the… Continue watching
Mar 19 WATCH: Fed keeps interest rate unchanged, sees slower growth, higher inflation ahead By Christopher Rugaber, Associated Press The Fed also now expects the economy to grow more slowly this year and next than it did three months ago, according to a set of quarterly economic projections also released Wednesday. Continue reading
Mar 17 Tariff threats, spending cuts put Federal Reserve in tough spot as it meets this week By Christopher Rugaber, Associated Press Ongoing tariff threats as well as sharp cuts to government spending and jobs have tanked consumer and business confidence, which could weigh on the economy and even push up unemployment. Continue reading