WASHINGTON — Consumer prices picked up last month, a sign that inflation remains a persistent challenge for the Federal Reserve and for President Joe Biden’s re-election campaign.
March 12, 2024Latest News Updates From Christopher Rugaber
Inflation Rises 0.4% in February
Consumer Sentiment Index Edges Higher in February
WASHINGTON — A measure of consumer sentiment ticked higher this month, after soaring in December and January, underscoring that Americans are starting to feel better about the economy.
February 16, 2024Fed Keeps Rate Unchanged, Signals Cuts Coming Next Year
The Federal Reserve kept its key interest rate the same Dec. 13 for a third straight time, and officials signaled they expect to make three quarter-point cuts to the benchmark rate next year.
December 13, 2023Labor Market Solid With 199,000 Jobs Added in November
The nation’s employers added a solid 199,000 jobs in November and the unemployment rate fell, fresh signs that the economy could achieve an elusive “soft landing.â€
December 8, 2023Fed Keeps Benchmark Interest Rate at 5.4%
WASHINGTON — The Federal Reserve kept its key short-term interest rate unchanged Nov. 1 but left the door open to further rate hikes if inflation pressures should accelerate.
November 1, 2023Economy Accelerated to a Strong 4.9% Rate Last Quarter
WASHINGTON — The nation’s economy expanded at a robust 4.9% annual rate from July through September as Americans defied rising interest rates to spend at a brisk pace.
October 26, 2023Inflation Eased Slightly in September
WASHINGTON — Measures of U.S. inflation in September showed that the pace of price increases is still grinding lower, though at a slow and uneven pace.
October 12, 2023Employers Added a Strong 336,000 Jobs in September
WASHINGTON — Employers added 336,000 jobs in September, an unexpectedly robust gain that suggests that many companies remain confident enough to keep hiring despite high interest rates.
October 6, 2023Fed Keeps Key Interest Rate Unchanged
WASHINGTON — The Federal Reserve left its key interest rate unchanged Sept. 20 for the second time in its past three meetings, but also signaled it expects to raise rates once more this year.
September 20, 2023Fed Economists ‘No Longer Forecasting a Recession’
The Federal Reserve said July 26 it no longer foresees a recession and raised its key interest rate by a quarter-point from roughly 5.1% to 5.3% — its highest level since 2001.
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