Latest News Updates From Christopher Rugaber

Government, Business

Higher Gas and Rents Keep Inflation Elevated

WASHINGTON — Consumer inflation remained persistently high last month, boosted by gas, rents, auto insurance and other items, the government said April 10.

April 10, 2024
Government, Business

Fed Holds Fast on Interest Rate, Still Sees 3 Cuts in 2024

WASHINGTON — Federal Reserve officials kept their benchmark interest rate unchanged but signaled March 20 that they still expect to cut their key interest rate three times in 2024.

March 20, 2024
Government, Business

Inflation Rises 0.4% in February

WASHINGTON — Consumer prices picked up last month, a sign that inflation remains a persistent challenge for the Federal Reserve and for President Joe Biden’s re-election campaign.

March 12, 2024
Government, Business

Consumer Sentiment Index Edges Higher in February

WASHINGTON — A measure of consumer sentiment ticked higher this month, after soaring in December and January, underscoring that Americans are starting to feel better about the economy.

February 16, 2024
Government, Business

Fed Keeps Rate Unchanged, Signals Cuts Coming Next Year

The Federal Reserve kept its key interest rate the same Dec. 13 for a third straight time, and officials signaled they expect to make three quarter-point cuts to the benchmark rate next year.

December 13, 2023
Government, Business

Labor Market Solid With 199,000 Jobs Added in November

The nation’s employers added a solid 199,000 jobs in November and the unemployment rate fell, fresh signs that the economy could achieve an elusive “soft landing.â€

December 8, 2023
Government, Business

Fed Keeps Benchmark Interest Rate at 5.4%

WASHINGTON — The Federal Reserve kept its key short-term interest rate unchanged Nov. 1 but left the door open to further rate hikes if inflation pressures should accelerate.

November 1, 2023
Government, Business

Economy Accelerated to a Strong 4.9% Rate Last Quarter

WASHINGTON — The nation’s economy expanded at a robust 4.9% annual rate from July through September as Americans defied rising interest rates to spend at a brisk pace.

October 26, 2023
Government, Business

Inflation Eased Slightly in September

WASHINGTON — Measures of U.S. inflation in September showed that the pace of price increases is still grinding lower, though at a slow and uneven pace.

October 12, 2023
Government, Business

Employers Added a Strong 336,000 Jobs in September

WASHINGTON — Employers added 336,000 jobs in September, an unexpectedly robust gain that suggests that many companies remain confident enough to keep hiring despite high interest rates.

October 6, 2023