US consumer sentiment slips in October on frustration over high prices

WASHINGTON (AP) — Americans’ outlook on the economy soured a bit this month after two months of small gains, according to the University of Michigan's consumer sentiment index, released Friday. The index slipped to 68.9 in October from 70.1 in September, which had been its...

US consumer sentiment slips in October on frustration over high prices

Wholesale inflation remained cool last month in latest sign that price pressures are slowing

WASHINGTON (AP) — Wholesale prices in the United States were unchanged last month in another sign that inflation is returning to something close to normal after years of pressuring America's households in the wake of COVID-19. The Labor Department reported Friday that its producer...

Wholesale inflation mostly cooled last month in latest sign that price pressures are slowing

South Korea's central bank cuts rates in a bid to boost the economy

SEOUL, South Korea (AP) — South Korea’s central bank on Friday cut its policy rate for the first time in more than four years as pressure to revive a sluggish economy outweighed concerns about the country’s level of household debt. The Bank of Korea lowered its key interest...

Stock market today: Wall Street edges back from its records

NEW YORK (AP) — U.S. stocks edged back from their records Thursday after reports showed inflation was a touch warmer last month than expected and more workers filed for unemployment benefits last week. The S&P 500 slipped 0.2%, and the Dow Jones Industrial Average dipped 57...

US inflation reaches lowest point in 3 years, though some price pressures remain

WASHINGTON (AP) — Inflation in the United States dropped last month to its lowest point since it first began surging more than three years ago, adding to a spate of encouraging economic news in the closing weeks of the presidential race. Consumer prices rose just 2.4% in September...

Social Security recipients will get a 2.5% cost-of-living boost in 2025, smaller than in recent past

WASHINGTON (AP) — Millions of Social Security recipients will get a 2.5% cost-of-living increase to their monthly checks beginning in January, the Social Security Administration announced Thursday. The cost-of-living adjustment, or COLA, for retirees translates to an average...

Bacon hogs the spotlight in election debates, but reasons for its sizzling inflation are complex

She blames greedy companies for price-gouging. He blames the Biden administration’s economic policies. Kamala Harris and Donald Trump agree on one thing: Tapping into sour consumer sentiment about high grocery prices is one way to court voters. Bacon prices have...

World Trade Organization slightly raises 2024 goods trade forecast but wary of potential setbacks

GENEVA (AP) — The World Trade Organization raised its outlook for global goods trade this year slightly, but cautioned Thursday that increasing geopolitical tensions and uncertainty over economy policy pose “substantial” risks to its forecast. The Geneva-based WTO projected...