Government, Business

Inflation Slowed Sharply to 7.1% Over Past 12 Months

Inflation in the United States slowed again in November in the latest sign that price increases are cooling despite the pressures they continue to inflict on American households.

Christopher Rugaber | Associated Press
December 13, 2022
Government, Business

Fed to Keep Rates High for Longer to Combat Inflation

The Federal Reserve will push rates higher than previously expected and keep them there for an extended period, Chair Jerome Powell said Nov. 30 in remarks likely intended to underscore the Fed’s focus on combating inflation.

Christopher Rugaber | Associated Press
December 1, 2022
Government, Business, Logistics

Wholesale Inflation Eased in October for Fourth Straight Slowdown

Prices at the wholesale level rose 8% in October from a year ago, the fourth straight decline and the latest sign that inflation pressures in the United States are easing from painfully high levels.

Christopher Rugaber | Associated Press
November 15, 2022
Government, Business

Federal Reserve Hikes Rates Again, but Hints at Pullback

The Federal Reserve pumped up its benchmark interest rate on Nov. 2 by three-quarters of a point for a fourth straight time but hinted that it could soon reduce the size of its rate hikes.

Christopher Rugaber | Associated Press
November 2, 2022
Government, Business

Inflation Pressures Intensified in September

WASHINGTON — Inflation in the United States accelerated in September, with the cost of housing and other necessities intensifying pressure on households, wiping out pay gains that many have received and ensuring that the Federal Reserve will keep raising interest rates aggressively.

Christopher Rugaber | Associated Press
October 13, 2022
Government, Business, Logistics

US Producer Price Inflation Eases to Still-High 8.5%

WASHINGTON — Inflation at the wholesale level rose 8.5% in September from a year earlier, the third straight decline though costs remain at painfully high levels.

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

Resilient Consumers Spend Slightly More in August

WASHINGTON — Consumers spent a bit more in August than the previous month, a sign the economy is holding up even as inflation lifts prices for food, rent and other essentials.

Christopher Rugaber | Associated Press
September 30, 2022
Government, Business

Fed Attacks Inflation With Another Big Hike and Expects More

Intensifying its fight against high inflation, the Federal Reserve raised its key interest rate Sept. 21 by a substantial three-quarters of a point for a third straight time and signaled more large rate hikes to come.

Christopher Rugaber | Associated Press
September 21, 2022
Government, Business, Fuel

US Inflation Falls for 2nd Straight Month on Lower Gas Costs

WASHINGTON — Sharply lower prices for gas and cheaper used cars slowed U.S. inflation in August for a second straight month, though many other items rose in price, indicating that inflation remains a heavy burden for American households.

Christopher Rugaber | Associated Press
September 13, 2022
Government, Business

Inflation Slows From 40-Year Peak, but Remains High

WASHINGTON — Falling prices for gas, airline tickets and clothes helped give Americans a slight break from the pain of high inflation last month, though overall price increases slowed only modestly from a four-decade high that was reached in June.

Christopher Rugaber | Associated Press
August 10, 2022