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Economy

Retail sales up strongly in December as Americans showed continued willingness to spend

By ANNE D'INNOCENZIO
Jan 17, 2024 8:53 am - NEW YORK — Americans stepped up their spending at retailers in December, closing out the holiday shopping season and the year on an upbeat tone and signaling that people ...
U.S. inflation edges up, fueled by food and housing prices, but many other costs rise only mildly

By PAUL WISEMAN
Jan 11, 2024 7:48 am - WASHINGTON — Higher energy and housing prices boosted overall U.S. inflation in December, a sign that the Federal Reserve's drive to slow inflation to its 2% target will ...
The economy tops US priorities for government across racial groups, AP-NORC and AAPI Data polls show

By MATT BROWN and LINLEY SANDERS
Jan 10, 2024 6:49 am - WASHINGTON — Americans of various racial backgrounds largely agree that the government should focus on the economy and foreign policy issues in 2024, but recent polling s...
New labor rules aim to offer gig workers more security, though some employers won't likely be happy

By DAVID HAMILTON and ALEXANDRA OLSON
Jan 09, 2024 5:46 am - The Biden administration enacted a new labor rule Tuesday that aims to prevent the misclassification of workers as “independent contractors,” a step that could bolster bo...
Congressional leaders announce agreement on topline spending levels, a key step to averting shutdown

By KEVIN FREKING
Jan 07, 2024 3:41 pm - WASHINGTON — Congressional leaders have reached an agreement on overall spending levels for the current fiscal year that could help avoid a partial government shutdown la...
US applications for unemployment benefits fall again as job market continues to show strength

By MATT OTT
Jan 04, 2024 8:21 am - The number of Americans applying for unemployment benefits fell last week as the labor market continues to show resilience despite elevated interest rates. Jobless claims...
Americans ramped up spending during the holidays despite some financial anxiety and higher costs

Associated Press
Dec 26, 2023 10:30 am - Holiday sales rose this year and spending remained resilient during the shopping season even with Americans wrestling with higher prices in some areas and other financial...
Federal Reserve on cusp of what some thought impossible: Defeating inflation without steep recession

By CHRISTOPHER RUGABER
Dec 16, 2023 8:14 am - WASHINGTON (AP) — It was the most painful inflation Americans had experienced since 1981, when “The Dukes of Hazzard” and “The Jeffersons” were topping the TV charts. Yet...
Bank of England holds interest rates at a 15-year high despite worries about the economy

By PAN PYLAS
Dec 14, 2023 6:18 am - LONDON (AP) — The Bank of England kept borrowing rates unchanged Thursday despite mounting worries over the state of the British economy, and it showed little sign that i...

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