CHRISTOPHER RUGABER
Latest Articles
Inflation Slows to 3.1 Percent as Frustration Over Stubborn Price Pressures Threatens Biden Re-Election Drive
Inflation has become a pivotal issue in President Biden’s bid for re-election, with Americans exasperated that average prices are still about 19 percent higher than they were when he took office.
Inflation Up 3.1 Percent in November Over Prior Year, a Slight Easing as Gas Prices Fall While Other Costs Surge
Measured from a year ago, core prices — considered by the Fed a better guide to the future path of inflation — rise 4 percent, the same as in October.
Employers Add 199,000 Jobs in November, Signaling a Resilient Labor Market and Raising Hopes for a ‘Soft Landing’
In Friday’s report from the Labor Department, the unemployment rate drops to 3.7 percent from 3.9 percent, not far above a five-decade low of 3.4 percent in April.
Inflation Dips to 3.2 Percent in October as Interest Rate Hikes Cool Economy
It’s the smallest year-over-year increase since June, though core inflation is running at 4 percent, twice as high as the Fed’s inflation goal.
Federal Reserve Leaves Key Rate Unchanged, Keeping Open Possibility of a Future Hike
Most Fed watchers expect the central bank to keep rates unchanged in December as well.
Resilient Consumers Are Spending Even in the Face of Stubborn Inflation and High Interest Rates
The Fed is widely expected to keep its key short-term interest rate unchanged when it meets next week.
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