Feb 28 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. Continue reading
Feb 27 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. Continue reading
Feb 26 Watch 3:58 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
Feb 12 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. Continue reading
Feb 12 WATCH: Powell says Trump’s calls for lower interest rates won’t affect Fed’s decisions By Christopher Rugaber, Associated Press Federal Reserve Chair Jerome Powell said Wednesday President Donald Trump’s calls for lower interest rates won’t lead the central bank to change its rate decisions. Continue reading
Feb 03 What to know about Trump’s tariffs, the 30-day pause and possible fallout By Bill Barrow, Associated Press On Monday, President Donald Trump and the leaders of Mexico and Canada announced deals to forestall a potential trade war for 30 days as both U.S. neighbors agreed to placate the American president by boosting efforts to boost border security… Continue reading
Jan 31 Tariffs threatened by Trump could nudge prices in wrong direction as U.S. inflation lingers By Christopher Rugaber, Associated Press Friday’s report from the Commerce Department showed that consumer prices rose 2.6% in December from a year earlier, up from a 2.4% annual pace in November and the third straight increase. Continue reading
Jan 29 WATCH: Fed Chair Powell holds news briefing after key interest rate decision By Christopher Rugaber, Associated Press The Federal Reserve left its benchmark interest rate unchanged Wednesday after cutting it three times in a row last year, a sign of a more cautious approach as the Fed seeks to gauge where inflation is headed and what policies… Continue reading
Jan 28 Egg prices are soaring, don’t expect that to change soon By Josh Funk, Mark Vancleave, Dee-Ann Durbin, Associated Press It looks like grocery shoppers hoping for soaring egg prices to turn around are likely to be waiting a while. Continue reading
Dec 31 Analysis: How will inflation, interest rates and the U.S. consumer fare in 2025? By D. Brian Blank, Brandy Hadley, The Conversation Two finance scholars share key questions and risks they’re watching as we ring in the new year. Continue reading