Government, Business

Consumer Prices Rise 0.3% in November

WASHINGTON — Fueled by pricier used cars, hotel rooms and auto insurance, inflation in the United States moved slightly higher last month while remaining far below its peak of two years ago.

Christopher Rugaber | Associated Press
December 11, 2024
Government, Business

Federal Reserve Officials Signal Cautious Path for Rate Cuts

WASHINGTON — With inflation still elevated, Federal Reserve officials expressed caution at their last meeting about cutting interest rates too quickly, adding to uncertainty about their next moves.

Christopher Rugaber | Associated Press
November 26, 2024
Government, Business

Inflation Rises Slightly in October to 2.6%

WASHINGTON — Inflation in the United States ticked up in October, driven by costlier rents, used cars and air fares, a sign that price increases might be leveling off.

Christopher Rugaber | Associated Press
November 13, 2024
Government, Business

Inflation Reaches Lowest Point Since February 2021

WASHINGTON — Inflation in the United States dropped last month to its lowest point since it first began surging more than three years ago, adding to a spate of encouraging economic news.

Christopher Rugaber | Associated Press
October 10, 2024
Government, Business

More Interest Rate Cuts Likely, Powell Says at Forum

Jerome Powell stressed that the Fed’s current goal is to support a largely healthy economy and job market, rather than rescue a struggling economy or prevent a recession.

Christopher Rugaber | Associated Press
September 30, 2024
Government, Business

Fed’s Favored Inflation Gauge Shows Cooling Price Pressures

WASHINGTON — The Federal Reserve’s preferred inflation measure on Sept. 27 provided the latest sign that price pressures are easing, a trend that is expected to fuel more interest rate cuts.

Christopher Rugaber | Associated Press
September 27, 2024
Business

Fed Cuts Rates by Half-Point to Combat Slowing Job Growth

The Federal Reserve on Sept. 18 cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates.

Christopher Rugaber | Associated Press
September 18, 2024
Government, Business

Inflation Reaches a Three-Year Low

WASHINGTON — The post-pandemic spike in inflation eased last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates.

Christopher Rugaber | Associated Press
September 11, 2024
Government, Business

Hiring Rebounds in August in Sign of Slowing Job Market

WASHINGTON — Hiring by America’s employers picked up a bit in August from July’s sluggish pace, and the unemployment rate dipped in a sign that the job market may be cooling but remains sturdy.

Christopher Rugaber | Associated Press
September 6, 2024
Government, Business

PCE Shows Price Pressures Easing as Rate Cuts Near

WASHINGTON — An inflation measure tracked by the Federal Reserve remained low, extending a trend of cooling price increases that clears the way for the Fed to start cutting its key interest rate.

Christopher Rugaber | Associated Press
August 30, 2024