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Jun 02

Both U.S. hiring and unemployment jumped last month. Here’s what that says about the economy

By Christopher Rugaber, Associated Press

Many industries, from construction to restaurants to health care, are still adding jobs to keep up with consumer demand and restore their workforces to pre-pandemic levels. Yet there were some mixed messages in the jobs figures.

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May 16

WATCH: Executives from failed banks face Senate questions on risk management

By Ken Sweet, Associated Press

Along with questions about how these banks failed, senators used the hearing to also address executive pay and whether senior executives in the U.S. are being rewarded more for short-term gains than for ensuring their companies’ long-term health.

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May 11

Bank of England raises interest rates to highest level since 2008

By Pan Pylas, Associated Press

Like other central banks around the world, the Bank of England has sought to keep a lid on inflation, which over the past year has been fueled by Russia's invasion of Ukraine.

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May 10

Watch 7:08
Chicago Federal Reserve president on inflation and economic uncertainty

By Geoff Bennett, Dorothy Hastings

The Federal Reserve has been laser-focused on bringing down prices, raising interest rates 10 times in the last 14 months. But economic uncertainties remain, including the consequences of much higher interest rates, a debt limit standoff and recent bank collapses.

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May 03

Watch 5:17
Fed raises rates again but signals a future pause amid banking sector uncertainty

By Amna Nawaz, Karina Cuevas

The Federal Reserve raised interest rates again, its tenth consecutive hike, this time by a quarter of a point. But Chairman Jay Powell also suggested the Fed may pause future hikes if the economy continues to cool. He cited the…

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May 03

Fed raises interest rate again but hints it may pause due to bank turmoil

By Christopher Rugaber, Associated Press

The Federal Reserve reinforced its fight against high inflation Wednesday by raising its key interest rate by a quarter-point to the highest level in 16 years.

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May 03

WATCH: Federal Reserve Chair Jerome Powell speaks on latest interest rate hike

By Christopher Rugaber, Associated Press

The Fed's efforts have only partly succeeded in taming the worst inflation bout in four decades, and the surge in rates has contributed to the collapse of three large banks and turmoil in the banking industry.

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May 03

WATCH: White House holds news briefing as U.S., Mexican officials agree on border restrictions

By Colleen Long, Associated Press

U.S. and Mexican officials have agreed on new immigration policies meant to deter illegal border crossings while also opening up other pathways ahead of an expected increase in migrants following the end of pandemic restrictions next week.

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Apr 14

Top Fed official sees need for more interest rate increases

By Christopher Rugaber, Associated Press

A senior Federal Reserve official said Friday that there has been little progress on inflation for more than a year and that more interest rate hikes are needed to get prices under control.

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Apr 11

Borrowing for small businesses further constrained by interest rates, bank collapses

By Mae Anderson, Anne D'Innocenzio, Associated Press

Borrowing for small businesses was already constrained due to rising interest rates. Following the recent Silicon Valley Bank collapse, some banks may be forced to tighten credit further, since they’re seeing an outflow of deposits.

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