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Today: April 03, 2025
Today: April 03, 2025
CHRISTOPHER RUGABER

CHRISTOPHER RUGABER

Staff Writer

Latest From CHRISTOPHER RUGABER

Business|Economy|Finance|News|US

US consumers keep spending despite high prices and their own gloomy outlook. Can it last?

A flow of recent data from the U.S. government has made one thing strikingly clear: A surge in consumer spending is fueling strong growth, demonstrating a resilience that has confounded economists, Federal Reserve officials and even the sour sentiments that Americans themselves have expressed in opinion polls

US consumers keep spending despite high prices and their own gloomy outlook. Can it last?
Business|Economy|Finance|News|US

Surge in interest rates and a cloudier economic picture to keep Federal Reserve on sidelines

The Federal Reserve is poised to leave its key interest rate unchanged at a time when the Fed faces an economy that has proved resilient but is nevertheless under pressure from surging interest rates, overseas turmoil and anxious investors

Surge in interest rates and a cloudier economic picture to keep Federal Reserve on sidelines
Business|Economy|Finance

US wages rose at a solid pace this summer, posing challenge for Fed's inflation fight

Wages and benefits grew at a slightly faster pace in the July-September quarter than the previous three months, a benefit to workers that also represents a risk to the Federal Reserve’s fight against inflation

US wages rose at a solid pace this summer, posing challenge for Fed's inflation fight
Business|Economy|Finance|News|US

Federal Reserve leaves its key rate unchanged but keeps open possibility of a future hike

The Federal Reserve kept its key short-term interest rate unchanged for a second straight time but left the door open to further rate hikes if inflation pressures should accelerate in the months ahead

Federal Reserve leaves its key rate unchanged but keeps open possibility of a future hike
Business|Economy|Finance|US

Powell reinforces Fed's cautious approach toward further interest rate hikes

Federal Reserve Chair Jerome Powell suggested that the Fed is in no hurry to further raise its benchmark interest rate, given evidence that inflation pressures are continuing to ease at a gradual pace

Powell reinforces Fed's cautious approach toward further interest rate hikes
Business|Economy|Finance|News|Stock Markets|US

Moody's lowers US credit outlook, though keeps triple-A rating

The credit rating agency Moody’s Investors Service has lowered its outlook on the U_S_ government’s debt to “negative” from “stable.”

Moody's lowers US credit outlook, though keeps triple-A rating
Economy|Finance|News|Stock Markets|US

What's pushing inflation down? More goods, workers and housing

Long past its painful peak, inflation in the United States may be heading steadily back toward its pre-pandemic levels, without the need for further interest rate hikes by the Federal Reserve

What's pushing inflation down? More goods, workers and housing
Economy|Finance|News|US

Retail sales slip in October as consumers pull back after summer splurges

Americans cut back on retail spending in October, ending six straight months of gains, though the decline was partly driven by falling prices for both gasoline and cars

Retail sales slip in October as consumers pull back after summer splurges
Business|Economy|Finance|News

Why Americans feel gloomy about the economy despite falling inflation and low unemployment

Inflation has reached its lowest point in 2 1/2 years

Why Americans feel gloomy about the economy despite falling inflation and low unemployment
Business|Economy|Finance

Key Fed official sees possible 'golden path' toward lower inflation without a recession

Austan Goolsbee, president of the Federal Reserve Bank of Chicago, suggested that the economy appears to be on what he calls the “golden path,” another term for what economists often term a “soft landing,” in which the Fed would curb inflation without causing a deep recession

Key Fed official sees possible 'golden path' toward lower inflation without a recession
Economy|Finance|News|US

Federal Reserve minutes: Officials saw inflation slowing but will monitor data to ensure progress

Federal Reserve officials concluded earlier this month that inflation was steadily falling and agreed to closely monitor incoming data to ensure that the pace of price increases would continue slowing toward their 2% target, according to the minutes of their meeting

Federal Reserve minutes: Officials saw inflation slowing but will monitor data to ensure progress
Business|Economy|Finance|Stock Markets|US

Fed's Waller raises possibility of a rate cut by spring if inflation keeps slowing

A key Federal Reserve official raised the possibility that the Fed could decide to cut its benchmark interest rate as early as spring if inflation keeps declining steadily

Fed's Waller raises possibility of a rate cut by spring if inflation keeps slowing
Economy|Finance|News|US

Federal Reserve's preferred inflation gauge shows price pressures continuing to cool

The Federal Reserve’s preferred inflation measure cooled last month, the latest sign that price pressures are waning in the face of high interest rates and moderating economic growth

Federal Reserve's preferred inflation gauge shows price pressures continuing to cool
Economy|Finance|News|Stock Markets|US

Fed's Powell notes inflation is easing but downplays discussion of interest rate cuts

Inflation is slowing steadily, but it’s too early to declare victory or to discuss when the Federal Reserve might cut interest rates, Chair Jerome Powell said

Fed's Powell notes inflation is easing but downplays discussion of interest rate cuts
Business|Economy|News|US

Solid US hiring lowers unemployment rate in latest sign of a still-sturdy job market

U.S. employers added a healthy 199,000 jobs last month and the unemployment rate fell, fresh signs that the economy could achieve an elusive “soft landing,” in which inflation would return to the Federal Reserve’s 2% target without causing a steep recession

Solid US hiring lowers unemployment rate in latest sign of a still-sturdy job market
Business|Economy|Finance|News|US

A 'soft landing' or a recession? How each one might affect America's households and businesses

The solid hiring revealed in Friday’s jobs report for November, along with a raft of other recent economic data, is boosting hopes that the U.S. economy will achieve a “soft landing” next year rather than a widely feared recession

A 'soft landing' or a recession? How each one might affect America's households and businesses
Business|Economy|Finance

Speculation about eventual rate cuts is rising, but Fed is set to leave interest rates unchanged

With inflation edging closer to the Federal Reserve’s 2% target, its policymakers are facing — and in some cases fueling — hopes that they will make a decisive shift in policy and cut interest rates next year, possibly as soon as spring

Speculation about eventual rate cuts is rising, but Fed is set to leave interest rates unchanged
Business|Economy|News|US

How rising prices for restaurants, car repair and other services kept inflation up last month

Held down by sinking gas prices, U.S. inflation was mostly unchanged last month

How rising prices for restaurants, car repair and other services kept inflation up last month
Economy|Finance|News|US

Federal Reserve keeps key interest rate unchanged and foresees 3 rate cuts next year

The Federal Reserve kept its key interest rate unchanged for a third straight time, and its officials signaled that they expect to make three quarter-point cuts to their benchmark rate next year

Federal Reserve keeps key interest rate unchanged and foresees 3 rate cuts next year
Economy|Entertainment|US

Federal Reserve on cusp of what some thought impossible: Defeating inflation without steep recession

It was the most painful inflation Americans had experienced since 1981, when “The Dukes of Hazzard” and “The Jeffersons” were topping the TV charts

Federal Reserve on cusp of what some thought impossible: Defeating inflation without steep recession
Economy|Finance|News

Top Federal Reserve official says inflation fight seems nearly won, with rate cuts coming

A top Federal Reserve official said he's increasingly confident that inflation will continue falling this year back to the Fed’s 2% target level, after two years of accelerating price spikes that hurt millions of American households

Top Federal Reserve official says inflation fight seems nearly won, with rate cuts coming
Business|Economy|Finance|US

Americans' economic outlook brightens as inflation slows and wages outpace prices

After an extended period of gloom, Americans are starting to feel better about inflation and the economy — a trend that could sustain consumer spending, fuel economic growth and potentially affect President Joe Biden’s political fortunes

Americans' economic outlook brightens as inflation slows and wages outpace prices
Economy|News|US

Inflation slowed further in December as an economic 'soft landing' moves into sharper focus

The Federal Reserve’s preferred inflation gauge cooled further last month even as the economy kept growing briskly, a trend sure to be welcomed at the White House as President Joe Biden seeks re-election in a race that could pivot on his economic stewardship

Inflation slowed further in December as an economic 'soft landing' moves into sharper focus
Business|Economy|Finance|US

Inflation has slowed. Now the Federal Reserve faces expectations for rate cuts

Chair Jerome Powell will enter this week’s Federal Reserve meeting in a much more desirable position than he likely ever expected: Inflation is getting close to the Fed’s target rate, the economy is still growing at a healthy pace, consumers keep spending and the unemployment rate is near a half-century low

Inflation has slowed. Now the Federal Reserve faces expectations for rate cuts
Economy|Finance|News|US

Federal Reserve is likely to show little urgency to cut interest rates despite market's anticipation

The Federal Reserve will likely move closer Wednesday to cutting its key interest rate after nearly two years of hikes that were intended to fight the worst inflation in decades

Federal Reserve is likely to show little urgency to cut interest rates despite market's anticipation

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