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Inflation heats up again, data shows, days before midterm elections where cost of living dominates

By CHRISTOPHER RUGABER
Oct 29, 2026 10:32 am - An inflation gauge closely monitored by the Federal Reserve accelerated last month, showing that prices remain elevated less than a week before midterm elections in which the uncomfortably high cost of living for millions of Americans has become a central issue.
Federal Reserve keeps rates unchanged despite elevated inflation

By CHRISTOPHER RUGABER
Oct 28, 2026 12:22 pm - The Federal Reserve kept its key rate unchanged Wednesday at about 3.9% despite stubbornly high inflation, as Chairman Kevin Warsh suggested its policies are already showing signs of having an impact.
US consumer confidence recovers in October as gas prices eased a bit

By MATT OTT
Oct 27, 2026 11:07 am - American confidence in the economy rebounded somewhat in October as gas prices fell modestly, though it remains much more expensive to fill up a tank than last year at this time.
US consumers are muscling through higher prices, but for how long?

By CHRISTOPHER RUGABER
Oct 15, 2026 1:35 pm - High gas prices are intensifying inflation and vacuuming up more of Americans' dollars, yet consumers are still digging deep to spend, powering the economy, at least for now.
Big banks post strong Q3 profits, but warn higher rates and inflation could bite

By KEN SWEET
Oct 13, 2026 12:34 pm - Wall Street’s biggest banks reported another strong quarter on Tuesday, as the U.S. consumer continues to pay their bills and businesses keep investing heavily in AI.
Americans 75 and older are wealthiest age group, Fed survey finds

By CHRISTOPHER RUGABER
Oct 09, 2026 11:05 am - Bolstered by steady gains in the stock market, families headed by someone aged 75 or older are now America's wealthiest, while the youngest families saw their wealth decline in the past three years, a government report released Friday said.
3 ways higher interest rates could be trouble for retirees

By John Csiszar
Oct 02, 2026 9:46 am - An era of higher interest rates — with the 30-year U.S. Treasury bond reaching 5.609%, its highest yield since 2002 — generally is good news for savers, as banks may increase payouts on savings accounts or newly issued certificates of deposit.
Trump’s $1.4B haul comes back to haunt crypto industry

By Scott Patterson, Olga Kharif and Annie Massa
Sep 18, 2026 11:34 am - The crypto industry watched with a grim foreboding as its landmark bill detonated on the Senate floor Tuesday. Blame first fell on Democrats, none of whom voted to advance it. But some of the industry’s own supporters pointed elsewhere: at President Donald Trump and the roughly $1.4 billion in income he generated from crypto ventures last year.
The wrong people are paying off their mortgages

By Julie Z. Weil
Sep 05, 2026 9:27 am - Almost one in every four homeowners is paying off their mortgage at a rate faster than they’re required to — but the people who would benefit the most from this strategy are the ones least likely doing it.
Will you get your full Social Security payout? Here’s what experts say.

By Julie Z. Weil
Sep 02, 2026 9:09 am - The funds saved for the Social Security program are on track to run dry six years from now. By law, on the day the trust fund hits zero (which is currently expected in 2032), all retirees’ benefits immediately drop by more than 20%.

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