Christopher Rugaber

Government, Business

Resilient Consumers Spend Slightly More in August

shoppers David Paul Morris/Bloomberg News

WASHINGTON — Consumers spent a bit more in August than the previous month, a sign the economy is holding up even as inflation lifts prices for food, rent and other essentials.

Christopher Rugaber | Associated Press
September 30, 2022
Government, Business

Fed Attacks Inflation With Another Big Hike and Expects More

Federal Reserve Chair Jerome Powell speaks at a news conference Wednesday, Sept. 21, 2022 Federal Reserve Chair Jerome Powell speaks at a news conference Sept. 21 in Washington. (Jacquelyn Martin/Associated Press)

Intensifying its fight against high inflation, the Federal Reserve raised its key interest rate Sept. 21 by a substantial three-quarters of a point for a third straight time and signaled more large rate hikes to come.

Christopher Rugaber | Associated Press
September 21, 2022
Government, Business, Fuel

US Inflation Falls for 2nd Straight Month on Lower Gas Costs

Inflation Daniel Acker/Bloomberg News

WASHINGTON — Sharply lower prices for gas and cheaper used cars slowed U.S. inflation in August for a second straight month, though many other items rose in price, indicating that inflation remains a heavy burden for American households.

Christopher Rugaber | Associated Press
September 13, 2022
Government, Business

Inflation Slows From 40-Year Peak, but Remains High

Grand Central Market in Los Angeles Grand Central Market in Los Angeles. (Marcio Jose Sanchez/Associated Press)

WASHINGTON — Falling prices for gas, airline tickets and clothes helped give Americans a slight break from the pain of high inflation last month, though overall price increases slowed only modestly from a four-decade high that was reached in June.

Christopher Rugaber | Associated Press
August 10, 2022
Government, Business

Key Inflation Gauge Reaches 6.8% as Prices Keep Surging

grocery shopper David Paul Morris/Bloomberg

WASHINGTON — An inflation gauge that is closely tracked by the Federal Reserve jumped 6.8% in June from a year ago, the biggest increase in four decades, and leaving Americans with no relief from surging costs.

Christopher Rugaber | Associated Press
July 29, 2022
Government, Business

Fed Unleashes Another Big Rate Hike in Bid to Curb Inflation

Jerome Powell Jerome Powell by Manuel Balce Ceneta/AP

WASHINGTON — The Federal Reserve on July 27 raised its benchmark interest rate by a hefty three-quarters of a point for a second straight time in its most aggressive drive in three decades to tame high inflation.

Christopher Rugaber | Associated Press
July 27, 2022
Government, Business

Fed Official Says Solid Economy Can Handle Rising Rates

James Bullard James Bullard, president and CEO of the Federal Reserve of St. Louis, gestures during a conference in October 2019. (Luke MacGregor/Bloomberg News)

WASHINGTON — Last week’s jobs report points to a solid U.S. economy with little sign of a recession on the horizon and one that can withstand higher interest rates, St. Louis Federal Reserve president James Bullard said July 11.

Christopher Rugaber | Associated Press
July 11, 2022
Government, Business

US Employers Add a Solid 372,000 Jobs

hiring sign Tim Boyle/Getty Images

WASHINGTON — America’s employers shrugged off high inflation and weakening growth to add 372,000 jobs in June, a surprisingly strong gain that will likely spur the Federal Reserve to keep sharply raising interest rates to cool the economy and slow price increases.

Christopher Rugaber | Associated Press
July 8, 2022
Government, Business

May Producer Prices Soared 10.8% as Energy Prices Jumped

Warehouse asbe/Getty Images

WASHINGTON — U.S. producer prices surged 10.8% in May from a year earlier, underscoring the ongoing threat to the economy from inflation that shows no sign of slowing.

Christopher Rugaber | Associated Press
June 14, 2022
Government, Business

US Added 390,000 Jobs in May as Hiring Remained Robust

Jobs David Paul Morris/Bloomberg News

WASHINGTON — U.S. employers added a healthy 390,000 jobs in May, extending a streak of solid hiring that has bolstered an economy under pressure from high inflation and interest rates.

Christopher Rugaber | Associated Press
June 3, 2022

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