Latest Inflation News
US added a strong 227,000 jobs in November in bounce-back from October slowdown
WASHINGTON (AP) — America’s job market rebounded in November, adding 227,000 workers in a solid recovery from the previous month, when the effects of strikes and hurricanes had sharply diminished employers’ payrolls. Last month’s hiring growth was up considerably from a...
Stock market today: Wall Street rises after solid jobs data boosts chances for a coming rate cut
NEW YORK (AP) — U.S. stocks are ticking higher Friday after data suggested the job market remains solid enough to keep the economy going, but not so strong that it raises immediate worries about inflation. The S&P 500 added 0.3% and was just above its all-time high set on...
Trump names former Sen. David Perdue of Georgia to be ambassador to China
WASHINGTON (AP) — President-elect Donald Trump has selected former Sen. David Perdue of Georgia to be the U.S. ambassador to China, leaning on a former business executive turned politician to serve as the administration's envoy to America's most potent economic and military adversary. ...
China fine tunes economic stimulus as it braces for new US administration
BANGKOK (AP) — China is fine-tuning policies to rev up its economy as it braces for uncertain relations with the United States under President-elect Donald Trump, giving manufacturers a 20% made-in-China price advantage in sales to the Chinese government. The moves come ahead of a...
Why Trump and the Federal Reserve could clash in the coming years
WASHINGTON (AP) — President-elect Donald Trump campaigned on the promise that his policies would reduce high borrowing costs and lighten the financial burden on American households. But what if, as many economists expect, interest rates remain elevated, well above their...
Powell: Fed's independence from politics is vital to its interest rate decisions
WASHINGTON (AP) — Chair Jerome Powell said Wednesday that the Federal Reserve's ability to set interest rates free of political interference is necessary for it to make decisions to serve “all Americans” rather than a political party or political outcome. Speaking at the New...
Senegalese artisans in the spotlight as they exhibit for the first time at a prestigious art event
DAKAR, Senegal (AP) — For the artistic and cultural elites of Senegal, the monthlong Dakar Biennale of Contemporary African Arts is a celebratory moment. Every two years, hundreds of artists, curators and art lovers from across the world descend on the West African capital to...
Small business owners brace for Trump's proposed tariffs
Small businesses are bracing for stiff tariffs that President-elect Donald Trump has proposed as one of his first actions when he takes office. Trump has proposed importers pay a 25% tax on all products entering the country from Canada and Mexico, and an additional 10% tariff on...
A top Fed official leans toward December rate cut but says it depends on economic data
WASHINGTON (AP) — A top Federal Reserve official said Monday that he is leaning toward supporting an interest rate cut when the Fed meets in two weeks but that evidence of persistent inflation before then could cause him to change that view. Speaking at George Washington...
Shopping on Shein and Temu for holiday gifts? You're not the only one.
Shopping on Temu can feel like playing an arcade game. Instead of using a joystick-controlled claw to grab a toy, visitors to the online marketplace maneuver their computer mouses or cellphone screens to browse colorful gadgets, accessories and trinkets with prices that look too good to refuse. ...
