Government, Business

Inflation, Consumer Spending Cool in December

WASHINGTON — The Federal Reserve’s preferred inflation gauge eased further in December, and consumer spending fell — the latest evidence that the Fed’s series of interest rate hikes are slowing the economy.

Christopher Rugaber | Associated Press
January 27, 2023
Government, Business

Consumer Inflation Eased Again to 6.5% in December

WASHINGTON — Rising U.S. consumer prices moderated again in December, bolstering hopes that inflation’s grip on the economy will continue to ease this year and possibly require less drastic action by the Federal Reserve to control it.

Christopher Rugaber | Associated Press
January 12, 2023
Government, Business

Fed Hikes Rate by Half-Point, Signals More to Come

The Federal Reserve reinforced its inflation fight Dec. 14 by raising its key interest rate for the seventh time this year and signaling more hikes to come.

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

Inflation Slowed Sharply to 7.1% Over Past 12 Months

Inflation in the United States slowed again in November in the latest sign that price increases are cooling despite the pressures they continue to inflict on American households.

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

Fed to Keep Rates High for Longer to Combat Inflation

The Federal Reserve will push rates higher than previously expected and keep them there for an extended period, Chair Jerome Powell said Nov. 30 in remarks likely intended to underscore the Fed’s focus on combating inflation.

Christopher Rugaber | Associated Press
December 1, 2022
Government, Business, Logistics

Wholesale Inflation Eased in October for Fourth Straight Slowdown

Prices at the wholesale level rose 8% in October from a year ago, the fourth straight decline and the latest sign that inflation pressures in the United States are easing from painfully high levels.

Christopher Rugaber | Associated Press
November 15, 2022
Government, Business

Federal Reserve Hikes Rates Again, but Hints at Pullback

The Federal Reserve pumped up its benchmark interest rate on Nov. 2 by three-quarters of a point for a fourth straight time but hinted that it could soon reduce the size of its rate hikes.

Christopher Rugaber | Associated Press
November 2, 2022
Government, Business

Inflation Pressures Intensified in September

WASHINGTON — 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 Reserve will keep raising interest rates aggressively.

Christopher Rugaber | Associated Press
October 13, 2022
Government, Business, Logistics

US Producer Price Inflation Eases to Still-High 8.5%

WASHINGTON — Inflation at the wholesale level rose 8.5% in September from a year earlier, the third straight decline though costs remain at painfully high levels.

Christopher Rugaber | Associated Press
October 12, 2022
Government, Business

Resilient Consumers Spend Slightly More in August

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