Apr 12 U.S. inflation rises 8.5 percent, sharpest increase since 1981 By Paul Wiseman, Associated Press Inflation soared over the past year at its fastest pace in more than 40 years, with costs for food, gasoline, housing and other necessities squeezing American consumers and wiping out the pay raises that many people have received. Continue reading
Apr 06 Watch 3:34 U.S. lawmakers grill oil executives about sharp rise in gas prices By Amna Nawaz, Courtney Norris, Tommy Walters Since Russia’s invasion of Ukraine, fuel prices have shot up and stayed high. Lawmakers on Capitol Hill Wednesday were laying blame for rising gas prices on executives from BP, Chevron, Shell, ExxonMobil and others. Meanwhile, everyday Americans are feeling the… Continue watching
Apr 06 Federal Reserve signals more aggressive steps to fight inflation By Christopher Rugaber, Associated Press Federal Reserve officials are signaling that they will take a more aggressive approach to fighting high inflation in the coming months — actions that will make borrowing sharply more expensive for consumers and businesses. Continue reading
Apr 03 Biden trumpets economic gains, but struggles to get credit By Josh Boak, Zeke Miller, Chris Megerian, Associated Press For President Biden, convincing Americans of the progress made in the economic recovery only serves as a salient reminder of how much further the country has to go. Continue reading
Apr 02 Ramadan begins in much of Middle East amid soaring energy and food prices By Samy Magdy, Associated Press The Muslim holy month of Ramadan — when the faithful fast from dawn to dusk — began at sunrise Saturday in much of the Middle East, where Russia's invasion of Ukraine has impacted energy and food prices. Continue reading
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