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Jun 12

WATCH: Powell speaks after Federal Reserve signals only one likely interest rate cut this year

By Christopher Rugaber, Associated Press

“We’ll need to see more good data to bolster our confidence that inflation is moving sustainably toward 2 percent,” Chair Jerome Powell said at a news conference.

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Jun 10

Inflation data this week could help determine Fed’s plan for possible interest rate cuts

By Christopher Rugaber, Associated Press

Chair Jerome Powell will likely reiterate that Fed officials need further confidence that inflation is returning to 2% before they would consider rate cuts.

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Jun 07

U.S. employment picks up pace with 272,000 jobs added in May, sign of sustained economic health

By Christopher Rugaber, Associated Press

Last month's strong job growth reflected the durability of America's consumer-driven economy. With the nation's households continuing their steady spending, many employers have had to keep hiring to meet their customer demand.

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May 30

Watch 5:38
Housing shortage, soaring costs a major concern for voters this election year, polls show

By Geoff Bennett, Courtney Norris

The cost of housing is a top financial concern for voters this election year, second only behind inflation, according to a Gallup poll this month. It comes as home prices in the U.S. jumped 6.5 percent in March compared to…

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May 29

Inflation pressures lingering from pandemic may keep Feds from lowering interest rates

By Christopher Rugaber, Associated Press

Though Fed officials say they expect inflation in key areas to eventually cool, they've signaled that they're prepared to wait as long as it takes.

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May 17

Watch 4:19
What’s behind the historic stock market highs and how it relates to the overall economy

By Geoff Bennett, Diane Lincoln Estes

This has been a big week for the stock market. The Dow Jones, the much broader S&P 500 and the NASDAQ all reached record highs with the Dow crossing the 40,000 threshold for the first time. The markets have rallied…

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May 14

Federal Reserve Chair Powell downplays potential for a rate hike despite higher price pressures

By Christopher Rugaber, Associated Press

Federal Reserve Chair Jerome Powell said Tuesday that the central bank is unlikely to raise its key interest rate in response to signs of stubborn inflation and underscored his view that price increases would soon start to cool again.

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May 13

Are U.S. interest rates high enough to beat inflation? The Fed will take its time to find out

By Christopher Rugaber, Associated Press

The sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down inflation, several Federal Reserve officials have said in recent comments, suggesting there may be few, if any, rate cuts this…

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May 09

U.S. job market still hot but weekly jobless claims hit highest level since August of 2023

By Matt Ott, Associated Press

The Labor Department reported Thursday that unemployment claims for the week ending May 4 rose by 22,000 to 231,000.

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May 01

WATCH: Fed Chair Powell suggests taming inflation will take longer than expected

By Christopher Rugaber, Associated Press

The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to its 2 percent target.

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