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News
Hiring burst of 162,000 jobs in August puts the focus squarely back on inflation in the U.S.
19+ hour, 22+ min ago (738+ words) WASHINGTON — The U.S. labor market bounced back in August as employers added a surprising 162,000 jobs, ending a summer of lackluster hiring with a bang. The unemployment rate remained at a low 4.1%. Hiring far exceeded the 65,000 jobs that forecasters had expected,…...
U.S. diesel prices hit a record high, pushing up transportation costs for a long list of goods
21+ hour, 30+ min ago (1046+ words) CHICAGO — Diesel hit a record price in the U.S. on Friday, soaring to an average of $5.85 a gallon for the first time as the six-month war with Iran disrupts the world’s flow of fuel. Because diesel is used for many…...
Mortgage rates ease again, but remain higher than this time last year
2+ week, 1+ day ago (368+ words) The average long-term U.S. mortgage rate eased for the second week in a row, but remains elevated compared with this time last year. The benchmark 30-year fixed rate mortgage rate fell to 6.65% from 6.67% last week, mortgage buyer Freddie Mac said Thursday....
‘Many’ Fed officials think higher rates will be needed if inflation stays high
2+ week, 3+ day ago (430+ words) WASHINGTON — Many Federal Reserve officials think the central bank will have to lift its key short-term interest rate in the coming months if inflation doesn’t subside, minutes of the Fed’s meeting last month showed. The minutes of the July 28-29 meeting,…...
Inflation slows but prices remain elevated as Iran war and spending on AI push up prices
3+ week, 3+ day ago (915+ words) WASHINGTON — U.S. inflation declined slightly last month as the cost of gas and groceries slipped, though prices are still rising more quickly than before the Iran war, posing challenges for the White House as the midterm elections near. Consumer prices…...
Federal Reserve’s Lisa Cook tells Anchorage business crowd she’s ‘firmly committed’ to bringing down inflation
1+ mon, 6+ hour ago (1193+ words) A Federal Reserve governor told Anchorage business leaders on Wednesday that she’s looking to raise interest rates if U.S. inflation doesn’t come down. Lisa Cook, who this year survived an effort by President Donald Trump to oust her from the…...
Alaska lost federal jobs at one of the highest rates among states in 2025, report finds
1+ mon, 1+ day ago (832+ words) JUNEAU — Alaska was among the states that lost the largest share of its federal workforce in the first year of the current Trump administration, according to a new report from the state Department of Labor and Workforce Development. By the…...
Opinion: The best time to shape Mat-Su development is before it begins
1+ mon, 1+ day ago (164+ words) AIDEA’s development plan identifies possibilities, not commitments: rail-served logistics, shared utility corridors, advanced manufacturing, local material production, energy infrastructure, workforce housing and, potentially, data centers. Listing a possible use lets the public and reviewing agencies see the range under consideration;…...
Fed leaves interest rate unchanged, but with 3 dissents as Warsh praises ‘good family fight’
1+ mon, 1+ week ago (675+ words) WASHINGTON — The Federal Reserve left its key interest rate unchanged Wednesday, although three officials dissented in favor of higher rates as the central bank wrestles with how to deal with persistently high inflation. The Fed’s rate-setting committee reached its decision…...
Banks rake in big profits as both Wall Street and the US consumer stay strong
1+ mon, 3+ week ago (911+ words) WASHINGTON — Five of the biggest U.S. banks reported record profits on Tuesday, boosted by their trading desks and a remarkably resilient American consumer amid persistent global economic uncertainty. It marks the second straight quarter of strong results from the banks,…...