interest rates

WATCH: Jerome Powell holds briefing after Fed leaves key interest rate unchanged

By Christopher Rugaber, Associated Press

At a news conference after the meeting, Chair Jerome Powell suggested that the Fed was edging ever closer to the end of its rate-hiking campaign.

U.S. consumers keep spending even in the face of persistent inflation and high interest rates

By Christopher Rugaber, Associated Press

An inflation gauge that is closely monitored by the Federal Reserve showed price increases remained elevated in September amid brisk consumer spending and strong economic growth.

U.S. economy grows 4.9 percent, shrugging off interest rates and defying recession forecasts

By Christopher Rugaber, Associated Press

The nation's economy expanded at a robust 4.9 percent annual rate from July through September as Americans defied higher prices, rising interest rates and widespread forecasts of a recession to spend at a brisk pace.

September’s U.S. consumer inflation eased slightly as price pressures cool

By Christopher Rugaber, Associated Press

Still, on a month-to-month basis, prices are still rising faster than is consistent with the Fed’s 2 percent target.

2 Federal Reserve officials say spike in bond yields may allow central bank to leave rates alone

By Christopher Rugaber, Associated Press

That's because a surge in long-term interest rates has made borrowing more expensive and could help cool inflation without further action by the central bank.

Why the job market has weathered rising interest rates, grim economic forecasts

By Christopher Rugaber, Associated Press

Inflation has tumbled from its peak of 9.1% in June 2022 to 3.7% on the back of the Fed’s rate hikes. Yet the unemployment rate, at a still-low 3.8%, has scarcely budged.

WATCH: Federal Reserve keeps rates unchanged but signals likelihood of another hike this year

By Christopher Rugaber, Associated Press

Besides forecasting another hike by year’s end, Fed officials now envision keeping rates high deep into 2024. They expect to cut interest rates just twice next year, fewer than the four rate cuts they had predicted in June.

WATCH: Biden gives remarks after economy adds 187,000 jobs in slowing but steady growth

By Associated Press

President Joe Biden will deliver remarks after the August jobs report shows economy added 187,000 positions, evidence of a slowing but still-resilient labor market despite the high interest rates the Federal Reserve has imposed.

Economy adds 187,000 jobs in August despite Federal Reserve’s high interest rates

By Paul Wiseman, Associated Press

The nation's employers added a healthy 187,000 jobs in August in a sign of a still-resilient labor market despite the high interest rates the Federal Reserve has imposed.

Important inflation tracker shows small increase in sign of slowing prices

By Christopher Rugaber, Associated Press

An inflation gauge closely tracked by the Federal Reserve remained low last month, adding to signs of cooling price increases and raising the likelihood that the Fed will leave interest rates unchanged when it next meets in late September.