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28 March 2024
CHRISTOPHER S. RUGABER, AP Economics Writer
Fed Faces Blurrier Outlook as It Sets Rates
by
CHRISTOPHER S. RUGABER, AP Economics Writer
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Mar 22, 2023
WASHINGTON (AP) — The Federal Reserve is grappling with a hazier economic picture, clouded by turmoil in the banking industry and still-high inflation, just as it meets to decide whether to keep raising interest rates or declare a pause....
US Adds 517K Jobs Despite Fed Hikes
by
CHRISTOPHER S. RUGABER, AP Economics Writer
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Feb 3, 2023
WASHINGTON (AP) — America’s employers added a sizzling 517,000 jobs in January, a surprisingly strong gain in the face of the Federal Reserve’s aggressive drive to slow growth and tame inflation with higher interest rates. The unemployment...
Powell Likely to Stress Inflation Fight Not Over
by
CHRISTOPHER S. RUGABER, AP Economics Writer
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Feb 1, 2023
WASHINGTON (AP) — Inflation is cooling, and parts of the economy appear to be weakening. But Chair Jerome Powell is likely Wednesday to underscore that the Federal Reserve’s primary focus remains the need to fight surging prices with still-higher interest...
Wholesale Inflation Slowed to 6.2 Percent
by
CHRISTOPHER S. RUGABER, AP Economics Writer
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Jan 18, 2023
WASHINGTON (AP) — Wholesale prices in the United States rose 6.2% in December from a year earlier, a sixth straight slowdown and a hopeful sign that inflation pressures will continue to cool. The latest year-over-year figure...
Cooler Hiring, Pay Could Aid Inflation Fight
by
CHRISTOPHER S. RUGABER, AP Economics Writer
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Jan 6, 2023
WASHINGTON (AP) — America’s employers added a solid 223,000 jobs in December, evidence that the economy remains healthy even as the Federal Reserve is rapidly raising interest rates to try to slow economic growth and the pace...
Fed Set for Seventh Rate Hike of 2022
by
CHRISTOPHER S. RUGABER, AP Economics Writer
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Dec 14, 2022
WASHINGTON (AP) — After four straight three-quarter-point interest rate hikes, the Federal Reserve is set to announce a smaller half-point increase in its key rate Wednesday, a first step toward dialing back its efforts to combat...
Powell Likely to Be Pressed on Future Fed Hikes
by
CHRISTOPHER S. RUGABER, AP Economics Writer
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Nov 2, 2022
WASHINGTON (AP) — Looming over the Federal Reserve meeting that ends Wednesday is a question of intense interest: Just how high will the Fed’s inflation-fighters raise interest rates — and might they slow their rate hikes as...
U.S. Inflation Intensified in September
by
CHRISTOPHER S. RUGABER, AP Economics Writer
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Oct 13, 2022
WASHINGTON (AP) — Inflation in the United States accelerated in September, with the cost of housing and other necessities intensifying pressure on households, wiping out pay gains that many have received and ensuring that the Federal...
Job Openings Sink as Economy Slows
by
CHRISTOPHER S. RUGABER, AP Economics Writer
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Oct 5, 2022
WASHINGTON (AP) — The number of available jobs in the U.S. plummeted in August compared with July as businesses grow less desperate for workers, a trend that could cool chronically high inflation. That is good news for...
Powell: Inflation Fight May Cause Recession
by
CHRISTOPHER S. RUGABER, AP Economics Writer
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Sep 22, 2022
WASHINGTON (AP) — The Federal Reserve delivered its bluntest reckoning Wednesday of what it will take to finally tame painfully high inflation: Slower growth, higher unemployment and potentially a recession. Speaking at a news conference, Chair...
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