Nov 27 U.S. inflation gauge ticks higher with consumer prices on the rise By Christopher Rugaber, Associated Press According to the Federal Reserve’s preferred inflation gauge, consumer prices rose 2.3% in October from a year earlier, the Commerce Department said Wednesday. Continue reading
Nov 13 After 2 years of steady cooling, U.S. inflation rose slightly last month By Christopher Rugaber, Associated Press Consumer prices rose 2.6 percent from a year earlier, up from 2.4 percent in September. It was the first increase in annual inflation in seven months. From September to October, prices edged up 0.2 percent. Continue reading
Nov 12 Biden spurred new factories and infrastructure projects. Trump will be in office for the ribbon-cutting By Josh Boak, Associated Press Inflation is easing and President Joe Biden's administration has teed-up a ready-made list of infrastructure projects that could go from theoretical to reality over the next several years. But it could be it could be Donald Trump, rather than Biden,… Continue reading
Nov 09 Frustrated Americans who voted for Trump await the economic changes he promised By Paul Wiseman, Associated Press Trump campaigned on promises to impose huge tariffs on foreign goods, slash taxes and deport millions of undocumented immigrants. Yet many economists warn that Trump’s plans are likely to worsen inflation, raise costs for consumers and drive up the federal debt. Continue reading
Nov 07 WATCH: Federal Reserve Chair Powell holds news conference following interest rate meeting By Christopher Rugaber, Associated Press The Fed's future moves are now more uncertain in the aftermath of the election, given that Trump's economic proposals have been widely flagged as potentially inflationary. Continue reading
Nov 06 Voters preferred Trump on handling the economy By Josh Boak, Linley Sanders, Associated Press According to AP Votecast data, anxiety about inflation was high nationally, and voters broadly believed that Donald Trump would be better equipped than Kamala Harris to handle the economy and jobs. The key swing states of Pennsylvania and Wisconsin largely… Continue reading
Nov 04 Harris has 4-point lead over Trump in final PBS News/NPR/Marist election poll By Matt Loffman On the eve of the 2024 presidential election, Vice President Kamala Harris has the support of 51 percent of likely voters to former President Donald Trump’s 47 percent – a lead just outside the poll’s 3.5-point margin of error. Continue reading
Oct 29 Watch 5:58 Examining how economic plans from Trump and Harris could affect inflation By Geoff Bennett, Azhar Merchant The economy and concerns around costs remain the top issue for many voters. Both candidates want to extend tax cuts, but they also have some big differences. Donald Trump wants to impose broad tariffs and deport undocumented workers, Kamala Harris… Continue watching
Oct 22 IMF declares global fight against high inflation is ‘almost won’ By Paul Wiseman, Associated Press The global war against inflation has largely been won — and at surprisingly little cost to economic growth, the International Monetary Fund has declared. Continue reading
Oct 10 Social Security recipients to get smaller 2.5% benefits boost in 2025 By Fatima Hussein, Associated Press Millions of retirees who receive Social Security benefits will see a 2.5 percent cost-of-living increase to their monthly checks beginning in January. Continue reading