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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
These are some of the ways inflation is changing Americans’ spending habits
By: Scott Horsley | NPR
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WASHINGTON, D.C. (NPR) — With inflation near a four-decade high, American shoppers are watching their pennies and adjusting their spending habits – and the businesses that cater to them are… Read More
The Fed delivers biggest interest rate hike in decades to combat surging inflation
By: Scott Horsley | NPR
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WASHINGTON, D.C. (NPR) — The Federal Reserve escalated its battle against inflation Wednesday, announcing the largest interest rate hike in 28 years as the central bank struggles to regain control… Read More
Inflation soars to an over 40-year high. These are the ways Americans are coping
By: Scott Horsley | NPR
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Updated June 10, 2022 at 9:51 AM ET WASHINGTON, D.C. (NPR) — Clay Watkins loves LaCroix brand sparkling water — especially the watermelon flavor. So the suburban Chicago school teacher… Read More
How the U.S. got into this baby formula mess
By: Scott Horsley | NPR
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Like a baby’s temper tantrum, the meltdown in the infant formula market has been building for some time. The Food and Drug Administration announced emergency measures this week to get… Read More
Inflation may be easing — but low-income people are still paying the steepest prices
By: Scott Horsley | NPR
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Updated May 11, 2022 at 8:37 AM ET WASHINGTON, D.C. (NPR) — Four-dollar gasoline and five-dollar hamburger are putting a squeeze on Tanya Byron’s pocketbook. But it’s the rent that… Read More
The Fed raises interest rates by the most in over 20 years to fight inflation
By: Scott Horsley | NPR
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WASHINGTON, D.C. (NPR) — The Federal Reserve ordered the largest interest hike in more than two decades Wednesday as part of its escalating campaign to battle stubbornly high inflation. The… Read More
Why there are growing fears the U.S. is headed to a recession
By: Scott Horsley | NPR
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WASHINGTON, D.C. (NPR) — Warning lights are flashing for the U.S. economy. A growing number of forecasters now believe a recession is on the horizon as the Federal Reserve gears… Read More
How soaring inflation forces stark choices
By: Scott Horsley | NPR
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Updated April 12, 2022 at 8:36 AM ET WASHINGTON, D.C. (NPR) — From rising rent to higher heating bills, surging inflation impacts everybody, but it poses a particular hardship for… Read More
Gas prices got you wanting an electric or hybrid car? Well, good luck finding one
By: Scott Horsley | NPR
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WASHINGTON, D.C. (NPR) — With gasoline prices topping $4 a gallon, many drivers are looking for a car that will go farther on a gallon of gas, or maybe one… Read More
The U.S. added 678,000 jobs in February. It’s another sign of a hot labor market
By: Scott Horsley | NPR
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Updated March 4, 2022 at 9:08 AM ET WASHINGTON, D.C. (NPR) — Hiring accelerated sharply last month as U.S. employers added 678,000 jobs, the largest gain since last July, and… Read More
Believe it or not, the economy grew last year at the fastest pace since 1984
By: Scott Horsley | NPR
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WASHINGTON, D.C. (NPR) — Last year saw the fastest economic growth since Ronald Reagan was president. But for many people, 2021 felt less like “Morning in America” and more like… Read More
Inflation is red hot, soaring to 6.8% in November, the highest in nearly four decades
By: Scott Horsley | NPR
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Updated December 10, 2021 at 9:09 AM ET WASHINGTON, D.C. (NPR) — If you think your grocery bill has gone through the roof this year, you can appreciate what’s happened… Read More