inflation

U.S. shoppers mildly increased spending in February as anxiety over the economy rises

By Christopher Rugaber, Anne D'Innocenzio, Associated Press

US shoppers stepped up their spending a just bit in February after a sharp pullback the previous month, signaling that Americans are shopping more cautiously as concerns about the direction of the economy mount.

Vaccinating chickens could help egg prices but U.S. remains hesitant

By Josh Funk, Associated Press

Vaccines could be a key means of suppressing bird flu and avoiding the slaughter of millions of chickens, which is blamed for egg prices averaging nearly $5 a dozen.

Egg prices continue to hit records as Easter and Passover approach

By Mae Anderson, Associated Press

Egg prices again reached a record high in February, as the bird flu continues to run rampant and Easter and Passover approach.

U.S. inflation slows for first time in six months, trade war threatens to hike prices

By Christopher Rugaber, Associated Press

The consumer price index increased 2.8% in February from a year ago, Wednesday's report from the Labor Department showed, down from 3% the previous month.

U.S. employers add 151,000 jobs last month though unemployment up to 4.1 percent

By Paul Wiseman, Associated Press

U.S. employers added solid 151,000 jobs last month, but the outlook is cloudy as President Donald threatens a trade war, purges the federal workforce and promises to deport millions of immigrants.

Mexico, Canada and China retaliate as U.S. tariffs take effect

By Josh Boak, Paul Wiseman, Rob Gillies, Associated Press

President Donald Trump launched a trade war Tuesday against America’s three biggest trading partners, drawing immediate retaliation and sending financial markets into a tailspin.

Consumers cut spending by most in four years last month

By Anne D'Innocenzio and Christopher Rugaber, Associated Press

Ongoing tariff threats from Washington and potentially sweeping government job cuts have darkened consumers’ mood and may be weighing on an otherwise mostly healthy economy.

U.S. economy grew 2.3 percent annually in the last months of 2024, the outlook for 2025 is cloudier

By Paul Wiseman, Associated Press

The American economy grew at a solid 2.3% annual rate the last three months of 2024, supported by a burst of year-end consumer spending, the government said, leaving unchanged its initial estimate of fourth-quarter growth.

Trump and Musk preview more cuts to federal workforce in first Cabinet meeting

By Lisa Desjardins

At the White House Wednesday morning, President Trump convened the very first Cabinet meeting of his second administration. In an hour-plus question and answer with reporters, Trump did most of the talking. But there was one figure there who didn’t…

Continue watching

U.S. inflation increases to 3 percent, groceries and gasoline prices heading higher

By Christopher Rugaber, Associated Press

The consumer price index increased 3% in January from a year ago, Wednesday's report from the Labor Department showed, up from 2.9% the previous month.