Latest News Updates From Christopher Rugaber

GovernmentBusiness

Employers 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, 2023
GovernmentBusiness

Fed 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, 2023
GovernmentBusiness

Fed 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.

July 26, 2023
GovernmentBusiness

Inflation Falls to 3% in June, Lowest in Two Years

After two years of painfully high prices, inflation in the United States has reached its lowest point in more than two years — 3% in June compared with 12 months earlier.

July 12, 2023
GovernmentBusiness

Hiring Slowed but Continued Growth With 209,000 Jobs in June

America’s employers pulled back on hiring but still delivered another month of solid gains in June, adding 209,000 jobs, another sign of the economy's resiliency.

July 7, 2023
GovernmentBusiness

Key Inflation Gauge Hits Two-Year Low in May

An inflation index that is closely monitored by the Federal Reserve tumbled in May to its lowest level since April 2021, pulled down by lower gas prices and slower-rising food costs.

June 30, 2023
GovernmentBusiness

Fed Keeps Key Interest Rate Unchanged

WASHINGTON — The Federal Reserve kept its key interest rate unchanged June 14 after having raised it 10 straight times to combat high inflation. 

June 14, 2023
GovernmentBusiness

Consumer Price Growth Slows in May

WASHINGTON — Consumer prices in the United States cooled last month, rising just 0.1% from April to May and extending the past year’s steady easing of inflation.

June 13, 2023
GovernmentBusiness

Employers Added a Strong 339,000 Jobs in May

WASHINGTON — The nation’s employers stepped up their hiring in May, adding a robust 339,000 jobs, well above expectations and evidence of strength in the economy.

June 2, 2023
GovernmentBusiness

Key Inflation Measure Increases in April

WASHINGTON — A key index of U.S. prices ticked higher in April, and consumer spending rebounded, a sign that inflationary pressures in the economy remain high.

May 26, 2023