Aug 12 Inflation cooled last month as gas prices fell, though costs remain elevated By Christopher Rugaber, Associated Press The modest decline could ease pressure on the Federal Reserve to raise their key interest rate to combat rising costs. Yet prices are still rising more quickly than average wages, underscoring the struggle many Americans have had with more expensive… Continue reading
Jul 30 Watch 7:32 Breaking down the GDP report as U.S. economy slows in 2nd quarter By Amna Nawaz, Jackson Hudgins, Katie Marlow In a sign that the war in Iran may be weighing on economic growth, the U.S. economy saw a slowdown in the second quarter. That’s according to a new report today from the Commerce Department. It all comes after the… Continue watching
Jul 30 Why lettuce is causing hard times at some restaurants By Dee-Ann Durbin, Associated Press It’s been a choppy year for restaurants that lean into lettuce. Continue reading
Jul 30 Inflation remaining stubbornly high, U.S. economy grows sluggish 1.5% in 2nd quarter By Paul Wiseman, Associated Press Inflation remained above the central bank’s 2% target at a time when Americans are frustrated about the high cost of living ahead of the midterm elections, now less than 100 days away. Continue reading
Jul 29 WATCH: Fed chair Warsh holds news conference after leaving interest rate unchanged By Paul Wiseman, Associated Press The Federal Reserve left its key interest rate unchanged Wednesday despite persistently high inflation and a spike in energy prices caused by the Iran war. Continue reading
Jul 28 Americans' confidence in U.S. economy falls again as Iran conflict sends gas prices higher By Matt Ott, Associated Press Americans remain soured on the economy after five years of elevated inflation, potentially posing a risk to President Donald Trump and Republicans in the midterm elections. Continue reading
Jul 24 Gas, groceries and back-to-school items are where shoppers might see higher oil prices surface By Anne D'Innocenzio and Cathy Bussewitz, Mae Anderson, Associated Press Already feeling pinched since the start of the Iran war, consumers are likely to feel more pain ahead as oil prices pushed past $100 a barrel Thursday amid renewed fighting and military strikes that have left global oil supplies stranded… Continue reading
Jul 14 Watch 5:30 Inflation eased in June, but Americans still feel pressure from high prices By Liz Landers, Ryan Connelly Holmes A report shows inflation eased more than expected in June. It's welcome news for President Trump, who has made lowering prices a focus of his economic agenda. But months of higher-than-expected inflation have continued to squeeze many households and raised… Continue watching
Jul 14 Massive data center buildout poses latest inflation threat for consumers By Christopher Rugaber, Associated Press Investment in data centers has made memory chips, computer processors and other equipment, as well as electricity, more expensive. Continue reading
Jul 14 Inflation cools more than expected in June as gas costs fall and underlying prices ease By Christopher Rugaber, Associated Press Tuesday's report likely reduces pressure on the Fed to boost its short-term interest rate to combat inflation. Continue reading