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The Fed held interest rates steady — but the fight against inflation is not over yet
By: Scott Horsley | NPR
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WASHINGTON (NPR) — The Federal Reserve left interest rates unchanged Wednesday, but signaled that future rate hikes are still possible if that’s what it takes to curb stubborn inflation. This was… Read More
Why the average American family’s net worth increased 37% during the pandemic
By: Scott Horsley | NPR
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WASHINGTON (NPR) — Americans’ family net worth overall improved in recent years, despite the economic upheaval caused by the pandemic, according to a new survey from the Federal Reserve. The… Read More
Social Security recipients will get a smaller increase in benefits as inflation cools
By: Scott Horsley | NPR
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WASHINGTON (NPR) — Inflation held steady last month — and for retirees who depend on Social Security, the pace of price hikes means a more modest, though still welcome, cost-of-living… Read More
The Federal Reserve holds interest rates steady but hints at more action this year
By: Scott Horsley | NPR
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WASHINGTON (NPR) — The Federal Reserve left interest rates unchanged Wednesday, but signaled that it’s open to additional rate hikes in the future, if necessary, to combat stubborn inflation. “In… Read More
How the UAW strike could have ripple effects across the economy
By: Scott Horsley | NPR
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WASHINGTON, D.C. (NPR) — The United Auto Workers’ strike against the Big Three automakers will have ripple effects across the economy — but it’s hard to gauge how much. It… Read More
4 reasons why your car insurance premium is soaring
By: Scott Horsley | NPR
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Updated September 13, 2023 at 8:52 AM ET WASHINGTON (NPR) — It’s not only car prices that are giving drivers sticker shock these days — it’s also happening when they… Read More
The job market continues to expand at a healthy clip as U.S. heads into Labor Day
By: Scott Horsley | NPR
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WASHINGTON (NPR) — The job market is holding steady as the country heads into the Labor Day weekend. Employers added 187,000 positions to the job market last month, marking a… Read More
Millions of additional salaried workers could get overtime pay under Biden proposal
By: Scott Horsley | NPR
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WASHINGTON (NPR) — Millions of salaried workers would be newly eligible for overtime pay under a proposal unveiled by the Biden administration Wednesday, but the draft rule is likely to… Read More
Fed Chair Jerome Powell warns the fight against inflation is far from over
By: Scott Horsley | NPR
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WASHINGTON (NPR) — Federal Reserve Chair Jerome Powell said on Friday inflation is still too high, and he warned that restoring price stability will likely require an extended period of… Read More
Inflation got a little higher in July as prices for rent and gas spiked
By: Scott Horsley | NPR
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WASHINGTON (NPR) — The rising cost of rent, gas and groceries pushed the annual inflation rate slightly higher last month. Consumer prices in July rose 3.2% from a year ago…. Read More
Amazingly, the U.S. job market continues to roar. Here are the 5 things to know
By: Scott Horsley | NPR
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WASHINGTON, D.C. (NPR) — It’s still a good time to be looking for a job. The latest employment report from the Labor Department showed the country’s job market remained red… Read More
Inflation eased in March but prices are still climbing too fast to get comfortable
By: Scott Horsley | NPR
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WASHINGTON (NPR) — Inflation cooled last month, thanks in part to falling gasoline prices, but the rising cost of services such as travel and restaurant meals continues to stretch people’s… Read More
The Fed raises interest rates again despite the stress hitting the banking system
By: Scott Horsley | NPR
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Updated March 22, 2023 at 2:28 PM ET WASHINGTON (NPR) — The Federal Reserve raised interest rates for the ninth time in a row on Wednesday, opting to continue its… Read More
The job market slowed last month, but it’s still too hot to ease inflation fears
By: Scott Horsley | NPR
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WASHINGTON (NPR) — Hiring cooled last month from its sizzling pace in January, but the U.S. job market remains unusually hot, with an unemployment rate hovering near a half-century low…. Read More
U.S. employers added 517,000 jobs last month. It’s a surprisingly strong number
By: Scott Horsley | NPR
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WASHINGTON (NPR) — The U.S. labor market got an unexpected jolt last month, as employers added 517,000 jobs and the unemployment rate fell to its lowest level in more than… Read More
The Fed raises interest rates by only a quarter-point after inflation drops
By: Scott Horsley | NPR
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Updated February 1, 2023 at 6:12 PM ET WASHINGTON (NPR) — The Federal Reserve raised interest rates by a quarter percentage point Wednesday, its eighth increase in less than a… Read More
The U.S. economy ended 2022 on a high note. This year is looking different
By: Scott Horsley | NPR
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WASHINGTON, D.C. (NPR) — After a strong finish to 2022, the U.S. economy appears headed for a slowdown. The economy showed surprising resilience at the end of last year, growing… Read More
Inflation is easing, even if it may not feel that way
By: Scott Horsley | NPR
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Updated January 12, 2023 at 8:38 AM ET WASHINGTON, D.C. (NPR) — Inflation eased last month, but prices are still climbing at a rapid rate, squeezing people’s pocketbooks and crimping… Read More
Americans are piling up credit card debt — and it could prove very costly
By: Scott Horsley | NPR
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WASHINGTON, D.C. (NPR) — More Americans are leaning on their credit cards in the face of rising prices. And as interest rates continue to climb, that debt is getting a… Read More
Inflation cools in October and stocks rally on signs the pain of high prices may ease
By: Scott Horsley | NPR
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WASHINGTON, D.C. (NPR) — Stocks rallied Thursday after a better-than-expected report on inflation showed that the galloping price increases that consumers have had to endure all year are beginning to… Read More
New GDP report shows an economic turnaround, but don’t be fooled
By: Scott Horsley | NPR
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WASHINGTON, D.C. (NPR) — The government’s official scorecard shows a rebound in economic growth during the late summer and early fall. But analysts say it overstates the strength of the… Read More
Fed orders another super-sized interest rate hike as it battles stubborn inflation
By: Scott Horsley | NPR
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Updated September 21, 2022 at 2:07 PM ET WASHINGTON, D.C. (NPR) — The Federal Reserve ordered another super-sized jump in interest rates today, and signaled that additional rate hikes are… Read More
Americans are paying more and getting less as inflation hits home
By: Scott Horsley | NPR
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WASHINGTON, D.C. (NPR) — Susan Morrison knew something was wrong when she bought a new tub of cottage cheese. “I had an old one in the refrigerator,” Morrison recalls. “I… Read More
Soaring electricity bills are the latest inflation flashpoint
By: Scott Horsley | NPR
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Updated September 13, 2022 at 8:41 AM ET WASHINGTON, D.C. (NPR) — Inflation cooled a bit last month, thanks in part to falling gasoline prices, but for many families, there’s… Read More
Is it fair to forgive student loans? Examining 3 of the arguments of a heated debate
By: Scott Horsley | NPR
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WASHINGTON, D.C. (NPR) — President Biden’s plan to forgive hundreds of billions of dollars in student debt is sparking heated debate. Biden last week announced plans to forgive up to… Read More
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