Voters continue to rate the president poorly on economic issues, but there are signs the national mood is beginning to improve.
Category: Prices (Fares, Fees and Rates)
The Fed’s Preferred Inflation Measure Cooled in June
The Personal Consumption Expenditures index moderated, even as consumer spending data looked strong.
Fed Raises Interest Rates After a Pause and Leaves Door Open to More
Federal Reserve officials lifted borrowing costs by a quarter-point after pausing in June. Rates could rise more, but the central bank is not ready to commit.
Russia to Cut Oil Output in Response to Western Sanctions
Russia’s deputy prime minister said the country would reduce its oil production by about 5 percent, an announcement that sent the price of oil higher.
U.S. Hiring Surges With January Gain of 517,000 Jobs
The report defied expectations and underscored the challenges for the Federal Reserve, which is trying to cool the labor market to fight inflation.
U.S. employers added 517,000 jobs in January.
The hefty hiring figures defied expectations and underscored the challenges facing the Federal Reserve, which is trying to cool the labor market in its effort to tame rapid inflation.
How a Drug Company Made $114 Billion by Gaming the U.S. Patent System
AbbVie for years delayed competition for its blockbuster drug Humira, at the expense of patients and taxpayers. The monopoly is about to end.
Tesla Cuts Prices Sharply as It Moves to Bolster Demand
The price reductions in the United States will make more of the company’s electric vehicles eligible for a federal tax credit.
Inflation Is Slowing, Good News for American Consumers and the Fed
Consumer Price Index inflation moderated to 6.5 percent in December, helping Fed officials to lean toward slower rate moves.
Inflation slowed last month thanks to cheaper fuel and airfares.
The Consumer Price Index slowed, climbing 6.5 percent in December, helping Fed officials to lean toward slower rate moves.