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
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