Aug 13 Watch 6:51 How Trump’s wish for more Federal Reserve control could impact economy if he’s reelected By Geoff Bennett, Diane Lincoln Estes, Azhar Merchant Former President Donald Trump says he wants a more direct role in how the Federal Reserve sets interest rates and suggested he could break with traditional policies when it comes to the Fed’s independence. Geoff Bennett discussed what Trump could… Continue watching
Aug 06 Wall Street steadies after worst day in nearly 2 years, economic fears and finance structures blamed By Stan Choe, Associated Press Several factors have been behind the recent swoon for markets, including fears about a slowing U.S. economy. Some technical reasons may also be accelerating movements for markets worldwide. Continue reading
Aug 05 Watch 4:34 The data fueling investor concerns as stocks plunge on recession fears By Amna Nawaz Global markets have plunged on fears that the world’s strongest economy, the United States, may be slowing down. U.S. Stocks also fell with all three indexes recording losses. To discuss what happened and what it means, Amna Nawaz spoke with… Continue watching
Aug 05 Why financial markets are falling and how we got here By Associated Press Worried about a slowing U.S. economy, investors sent the market in Japan to its worst day in decades and have sliced billions in market value off some of the world’s biggest technology companies. Continue reading
Aug 02 Watch 5:28 Economist says Federal Reserve too slow to cut interest rates and weakening the economy By Geoff Bennett, Azhar Merchant The U.S. labor market slowed down in July and looked weaker than expected, creating 114,000 new jobs. The unemployment rate also ticked up to 4.3 percent. It's raising questions about whether the Federal Reserve has waited too long to cut… Continue watching
Aug 02 U.S. hiring slows with just 114,000 jobs added in July, unemployment rate hits 4.3 percent By Paul Wiseman, Associated Press U.S. hiring decelerated sharply last month in the face of high interest rates as employers added a weak 114,000 jobs. Friday's Labor Department report showed a drop from the 179,000 jobs created in June. Continue reading
Jul 31 WATCH: Fed Chair Powell holds news briefing as first interest rate cut in four years ‘getting closer’ By Christopher Rugaber, Associated Press At a news conference Wednesday, Fed Chair Jerome Powell said that if inflation continued to cool, "a rate cut could be on the table in the September meeting.”… Continue reading
Jul 26 Federal Reserve’s favored inflation gauge cools, increasing likelihood of September rate cut By Christopher Rugaber, Associated Press Prices rose just 0.1% from May to June, up from the previous month's unchanged reading. Compared with a year earlier, inflation declined to 2.5% from 2.6%. Continue reading
Jul 25 U.S. economy shows strong 2.8 percent growth, driven by consumers and businesses By Paul Wiseman, Associated Press Thursday’s report from the Commerce Department said the gross domestic product picked up in the April-June quarter after growing at a 1.4 percent pace in the January-March period. Continue reading
Jul 11 Cooling inflation may pave way for interest rate cut soon By Christopher Rugaber, Associated Press Inflation in the United States cooled in June for a third straight month, a sign that the worst price spike in four decades is steadily fading and may soon usher in interest rate cuts by the Federal Reserve. Continue reading