Dec 12 After year of interest rate hikes, Wall Street ticks higher ahead of next Fed meeting By Stan Choe, Associated Press Wall Street is ticking higher at the start of a busy week where central banks are likely to unload the year’s final barrage of hikes to interest rates. Continue reading
Dec 01 Applications for jobless benefits fall, suggests labor market unaffected by interest rate hikes By Matt Ott, Associated Press The number of Americans applying for unemployment benefits came back down last week and continue to hover around levels suggesting the U.S. labor market has been largely unaffected by the Federal Reserve's aggressive interest rate hikes. Continue reading
Nov 30 Watch 7:37 Some economists concerned aggressive interest rate hikes do more harm than good By William Brangham The Federal Reserve has raised interest rates six times this year and Fed Chair Jay Powell suggested that a seventh hike, albeit a smaller one, is on the way next month. But some Democrats and economists worry the Fed hit… Continue watching
Nov 10 Price increases slow as U.S. consumer inflation eases to 7.7 percent By Paul Wiseman, Associated Press Price increases moderated in the United States last month in the latest sign that the inflation pressures that have gripped the nation might be easing as the economy slows and consumers grow more cautious. Continue reading
Nov 04 Labor market adds 261,000 jobs with U.S. employers still hiring at solid pace By Christopher Rugaber, Associated Press America's employers kept hiring briskly in October, adding a substantial 261,000 positions, a sign that as Election Day nears, the economy remains a picture of solid job growth and painful inflation. Continue reading
Nov 02 Watch 7:17 How interest rate hikes impact bonds and stock prices By Paul Solman, Diane Lincoln Estes With the sixth interest hike this year, it's been decades since the Federal Reserve has acted this aggressively to slow inflation. Markets reacted strongly to Fed Chair Jay Powell saying rates will be higher than previously expected. Swings tied to… Continue watching
Nov 02 Federal Reserve unleashes another big rate hike but hints at a pullback soon By Christopher Rugaber, Associated Press It was the Fed's sixth rate hike this year — a streak that has made mortgages and other loans increasingly expensive and heightened the risk of a recession. Continue reading
Oct 27 U.S. mortgage rates hit 20-year high, top 7 percent after Fed hikes By Matt Ott, Alex Veiga, Associated Press Average long-term U.S. mortgage rates topped 7% for the first time in more than two decades this week, a result of the Federal Reserve's aggressive rate hikes intended to tame inflation not seen in some 40 years. Continue reading
Oct 13 Costs of housing and services accelerated U.S. inflation in September By Christopher Rugaber, Associated Press The jump in inflation last month is a sign that the Fed’s five rate hikes this year have so far done little to cool inflation pressures. Continue reading
Sep 21 Watch 4:01 News Wrap: House votes on reform to electoral vote count, malaria outbreaks in Pakistan In our news wrap Wednesday, the House approved a bill to block future attempts at subverting presidential elections and close loopholes in the law, medical workers struggled to contain malaria outbreaks as mosquitoes breed in the wake of flooding in… Continue watching