Christopher Rugaber

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
Government, Business

Key Inflation Gauge Slowed to 6.3% Over Past Year

fuel price sign A driver passes a gas price sign in Thornton, Colo., on May 26. (David Salubowski/AP)

An inflation gauge closely tracked by the Federal Reserve rose 6.3% in April from a year earlier, just below a four-decade high set in March and the first slowdown since November 2020.

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

Producer Prices Surge 11% in April as Food Prices Jump

meat bin Matt Rourke/AP

WASHINGTON — U.S. producer prices soared 11% in April from a year earlier, a hefty gain that indicates high inflation will remain a burden for consumers and businesses in the months ahead.

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

Inflation Hit 8.3% in April but Slows From 40-Year High

gas pump A customer pumps gas at an Exxon gas station on May 10 in Miami. (Marta Lavandier/AP)

WASHINGTON — Inflation slowed in April after seven months of relentless gains, a tentative sign that price increases may be peaking while still imposing a financial strain on American households.

Christopher Rugaber | Associated Press
May 11, 2022
Government, Business, Fuel

Key Inflation Gauge Sets 40-Year High as Fuel, Food Soar

grocery aisle Getty Images

WASHINGTON — An inflation gauge that is closely monitored by the Federal Reserve jumped 6.4% in February compared with a year ago, with sharply higher prices for food, gasoline and other necessities squeezing Americans’ finances.

Christopher Rugaber | Associated Press
March 31, 2022
Government, Business

US Inflation Soared 7.9% in Past Year, a Fresh 40-Year High

Inflation Shoppers look at frozen foods at a Walmart in California. (Sandy Huffaker/Bloomberg News)

WASHINGTON — 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 higher prices to come.

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

US Added Robust 678,000 Jobs in February

Hiring sign Marta Lavandier/AP

WASHINGTON — U.S. employers added a robust 678,000 jobs in February, another gain that underscored the economy’s solid health as the omicron wave fades and more Americans venture out to spend at restaurants, shops and hotels despite surging inflation.

Christopher Rugaber | Associated Press
March 4, 2022

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