Dec 18 Watch 5:34 Fed lowers interest rates again but inflation concerns make future cuts uncertain By Geoff Bennett The Federal Reserve lowered rates for the third consecutive time but also suggested there won’t be as many interest rate cuts in the year ahead as it once planned. Chairman Jerome Powell said the cut wasn’t an easy decision because… Continue watching
Dec 18 WATCH: Fed Chair Powell holds news conference following quarter-point interest rate cut By Christopher Rugaber, Associated Press The Federal Reserve signaled that it expects to reduce rates more slowly next year than it previously envisioned, largely because of still-elevated inflation. Continue reading
Dec 17 Canadian prime minister faces growing pressure from his own party to resign By Rob Gillies, Associated Press Canadian Prime Minister Justin Trudeau faces growing pressure to resign from his own Liberal Party after his top minister abruptly quit and criticized his handling of the budget. Continue reading
Dec 10 WATCH: Biden looks back at his economic record in speech at Brookings Institution By News Desk President Joe Biden said Tuesday he was “stupid” not to put his own name on pandemic relief checks in 2021, noting that Donald Trump had done so in 2020 and likely got credit for helping people out through this simple,… Continue reading
Dec 04 Watch 7:21 Federal Reserve Bank of San Francisco president on latest efforts to tame inflation By Geoff Bennett The Federal Reserve may cut interest rates later this month as officials weigh inflation and the broader economy. Inflation has been running above the Fed’s targeted rate and other economic indicators have remained strong, leaving some worried progress on reining… Continue watching
Dec 03 Watch 9:28 Bank of America CEO on interest rates, tariffs and Trump’s second term By Geoff Bennett The U.S. economy continues to perform well by many measures. Retail spending was up notably around Black Friday, markets are at or near record levels and unemployment remains low. And yet, most Americans have long felt the economy is not… Continue watching
Dec 03 Watch 7:33 Why so many Americans are dissatisfied with the seemingly solid economy By Paul Solman, Diane Lincoln Estes There is a disconnect between seemingly solid economic numbers and the way people feel about this economy. Voters clearly were upset about the cost of living and that helped elect Donald Trump to a second term. Economics correspondent Paul Solman… Continue watching
Nov 30 Watch 7:35 Consumers still feel inflation’s squeeze as holiday shopping season begins By John Yang, Andrew Corkery, Veronica Vela The weekend after Thanksgiving is the traditional start of the holiday shopping season, beginning with Black Friday. Some retailers have been offering discounts throughout November in hopes of encouraging shoppers squeezed by inflation to open their wallets. We hear from… Continue watching
Nov 29 Does Black Friday still reign as a holiday shopping juggernaut? By Anne D'Innocenzio and Haleluya Hadero, Alexandra Olson, Associated Press The day after Thanksgiving still reigns as the unofficial kickoff of the holiday shopping season even if it's lost some luster. Continue reading
Nov 27 Why are eggs getting more expensive again? By Dee-Ann Durbin, Josh Funk, Mark Vancleave, Associated Press The average price for a dozen eggs in U.S. cities was $3.37 in October, according to the Bureau of Labor Statistics. Continue reading