News
Soaring gas prices lead to biggest monthly inflation spike in four years in March
1+ day, 1+ hour ago (922+ words) WASHINGTON " The largest monthly jump in gas prices in six decades caused a sharp spike in inflation in March, creating major challenges for the'inflation-fighters'at the Federal Reserve and heightening the political hurdles for the White House. Consumer prices rose 3. 3% in…...
Key inflation gauge remains elevated in February before Iran war
2+ day, 1+ hour ago (338+ words) WASHINGTON " A key measure of inflation stayed high in February, before the war in Iran spiked gas prices, a sign that everyday costs were elevated even before the conflict began. An inflation gauge monitored by the Federal Reserve rose 0. 4% in…...
Trump tariffs are hurting American manufacturers instead of helping them, data shows
3+ week, 3+ day ago (1094+ words) WASHINGTON " Jay Allen is a fan of President Donald Trump, and voted for him on the belief that the Republican would cut taxes and trim regulations, helping his manufacturing business in northeast Arkansas. But the tariffs at the core of…...
US wholesale prices rose at a surprisingly hot 3. 4% rate last month, the most in a year
3+ week, 3+ day ago (512+ words) WASHINGTON " U. S. wholesale prices came in hotter than expected in February. The Labor Department reported Wednesday that its producer price index " which measures inflation before it hits consumers " rose 0. 7% from January, and 3. 4% from February 2025. The year-over-year increase was the most since…...
U. S. employers cut a surprising 92, 000 jobs last month as unemployment rises to 4. 4%
1+ mon, 5+ day ago (603+ words) WASHINGTON " American employers unexpectedly cut 92, 000 jobs last month, a sign that the labor market remains under strain. The unemployment rate blipped up to 4. 4%. The Labor Department reported Friday that hiring deteriorated from January, which companies, nonprofits and government agencies added…...
U. S. trade deficit remained high last year despite Trump's tariffs
1+ mon, 2+ week ago (479+ words) WASHINGTON " The U. S. trade deficit slipped modestly in 2025, a year in which President Donald Trump upended global commerce by slapping double digit tariffs on imports from most countries. The gap the between the goods and services the U. S. sells other countries and…...
Key inflation measure drops gas prices fall and housing costs cool
1+ mon, 3+ week ago (591+ words) WASHINGTON " A key measure of inflation fell to nearly a five-year low last month as apartment rental price growth slowed and gas prices fell, offering some relief to Americans grappling with the sharp cost increases of the past five years....
Federal Reserve cuts key interest rate by a quarter point but signals higher bar for future reductions
4+ mon, 14+ hour ago (1179+ words) WASHINGTON " The Federal Reserve reduced its key interest rate by a quarter-point for the third time in a row Wednesday but signaled that it may leave rates unchanged in the coming months. The cut decreased the Fed's rate to about…...
When one job isn't enough: The trouble with career polygamy
5+ mon, 3+ week ago (449+ words) Employee: "I don't trust any employer with my future. The only real protection is spreading the risk " keeping a few income streams so no one owns me. Besides, I want to retire at 45, and that'll never happen on one paycheck....
US says inflation eased last month, but data may be distorted by government shutdown
3+ mon, 3+ week ago (574+ words) The Labor Department reported Thursday that its consumer price index rose 2. 7% in November from a year earlier. Yet, year-over-year inflation remains well above the Federal Reserve's 2% target, and Americans are dismayed by the high cost of living. The report was…...