Latest News Updates From Christopher Rugaber

GovernmentBusiness

Inflation Rose in December but Underlying Pressures Fell

WASHINGTON — U.S. inflation accelerated last month as prices for gas, eggs and used cars rose, yet underlying price pressures also showed signs of easing.

January 16, 2025
GovernmentBusiness

Federal Reserve Cuts Its Key Rate by a Quarter-Point

WASHINGTON — The Federal Reserve cut its key interest rate Dec. 18 by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year.

December 18, 2024
GovernmentBusiness

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.

December 11, 2024
GovernmentBusiness

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.

November 26, 2024
GovernmentBusiness

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.

November 13, 2024
GovernmentBusiness

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.

October 10, 2024
GovernmentBusiness

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.

September 30, 2024
GovernmentBusiness

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.

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.

September 18, 2024
GovernmentBusiness

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.

September 11, 2024