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12 May 2024
CHRISTOPHER S. RUGABER, AP Economics Writer
U.S. Growth in Q4 Lower Than Expected
by
CHRISTOPHER S. RUGABER, AP Economics Writer
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Mar 30, 2022
WASHINGTON (AP) — The U.S. economy ended 2021 by expanding at a healthy 6.9% annual pace from October through December, the government reported Wednesday, a slight downgrade from its previous estimates. For all of 2021, the nation’s...
U.S. Inflation Soared 7.9% in Past Year
by
CHRISTOPHER S. RUGABER, AP Economics Writer
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Mar 10, 2022
WASHINGTON (AP) — Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982 and likely only a harbinger of even higher prices to come....
Powell: Fed Will Raise Rates This Month
by
CHRISTOPHER S. RUGABER, AP Economics Writer
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Mar 2, 2022
WASHINGTON (AP) — Chair Jerome Powell said Wednesday that he supports a traditional quarter-point increase in the Federal Reserve’s benchmark short-term interest rate when the Fed meets later this month, rather than a larger increase that...
Inflation Jumped 7.5%, A 40-Year High
by
CHRISTOPHER S. RUGABER, AP Economics Writer
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Feb 10, 2022
WASHINGTON (AP) — Inflation soared over the past year at its highest rate in four decades, hammering America’s consumers, wiping out pay raises and reinforcing the Federal Reserve’s decision to begin raising borrowing rates across the...
U.S. Economy Adds 467,000 Jobs in January
by
CHRISTOPHER S. RUGABER, AP Economics Writer
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Feb 4, 2022
WASHINGTON (AP) — In a surprising burst of hiring, American’s employers added 467,000 jobs in January in a sign of the economy’s resilience even in the face of a wave of omicron infections last month. The government’s...
Fed Plans to Raise Rates to Cool Inflation
by
CHRISTOPHER S. RUGABER, AP Economics Writer
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Jan 26, 2022
WASHINGTON (AP) — The Federal Reserve signaled Wednesday that it plans to begin raising its benchmark interest rate as soon as March, a key step in reversing its pandemic-era low-rate policies that have fueled hiring and...
Inflation 7% Last Year, Highest Since 1982
by
CHRISTOPHER S. RUGABER, AP Economics Writer
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Jan 12, 2022
WASHINGTON (AP) — Inflation jumped at its fastest pace in nearly 40 years last month, a 7% spike from a year earlier that is increasing household expenses, eating into wage gains and heaping pressure on President...
Jobs Report: 199K Added in December
by
CHRISTOPHER S. RUGABER, AP Economics Writer
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Jan 7, 2022
WASHINGTON (AP) — U.S. employers added a modest 199,000 jobs last month while the unemployment rate fell sharply, at a time when businesses are struggling to fill jobs with many Americans remaining reluctant to return to...
Fed Will Tighten Credit Faster
by
CHRISTOPHER S. RUGABER, AP Economics Writer
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Dec 15, 2021
WASHINGTON (AP) — The Federal Reserve will quicken the pace at which it’s pulling back its support for the economy as inflation surges, and it expects to raise interest rates three times next year. In a...
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