The Associated Press WASHINGTON (AP) - America’s consumers rebounded last month from a weak holiday shopping season by boosting their spending at stores and restaurants at the fastest pace in almost two years, underscoring the economy’s resilience in the face…
The Associated Press WASHINGTON (AP) - The pace of consumer price increases eased again in January compared with a year earlier, the latest sign that the high inflation that has gripped Americans for nearly two years is slowing. At the…
The Associated Press WASHINGTON (AP) - Federal Reserve Chair Jerome Powell said Tuesday that if the U.S. job market further strengthens in the coming months or inflation readings accelerate, the Fed might have to raise its benchmark interest rate higher…
By WVUA 23 News Reporter Asher Redd The most recent avian flu outbreak killed more than 58 million birds in the United States, and those deaths are one of many…
The Associated Press WASHINGTON (AP) - Rising U.S. consumer prices moderated again last month, bolstering hopes that inflation’s grip on the economy will continue to ease this year and possibly require less drastic action by the Federal Reserve to control…
The Associated Press WASHINGTON (AP) - For months, the outlook for the U.S. economy has been a mostly bleak one: Inflation hitting a four-decade high, consumer spending weakening, interest rates surging. Most economists penciled in a recession for 2023. An…
The Associated Press NEW YORK (AP) - Holiday sales rose as American spending remained resilient during the critical shopping season despite surging prices on everything from food to rent, according to one measure. Holiday sales rose 7.6, a slower pace…
The Associated Press WASHINGTON (AP) - After four straight three-quarter-point interest rate hikes, the Federal Reserve is set to announce a smaller half-point increase in its key rate Wednesday, a first step toward dialing back its efforts to combat inflation.…
The Associated Press WASHINGTON (AP) - Inflation in the United States slowed again last month in the latest sign that price increases are cooling despite the pressures they continue to inflict on American households. Consumer prices rose 7.1% in November…
The Associated Press WASHINGTON (AP) - Fed Chair Jerome Powell says the Federal Reserve will push rates higher than previously expected and keep them there longer to fight a stubborn bout of inflation. In written remarks to be delivered to…
The Associated Press WASHINGTON (AP) - What many Americans hoped would be the first normal holiday season in three years has instead been thrown into crisis by inflation, with Christmas on the horizon. Food banks and charities across the country…
By WVUA 23 News Student Reporter Avery Lake If you're thinking about getting a real tree for the holidays, start saving money now. Industry experts predict we’re going to have to…
The Associated Press WASHINGTON (AP) - Looming over the Federal Reserve meeting that ends Wednesday is a question of intense interest: Just how high will the Fed’s inflation-fighters raise interest rates - and might they slow their rate hikes as…
The Associated Press As the value of the U.S. dollar soars, other currencies around the world are sinking by comparison. This is contributing to skyrocketing prices for everyday goods and services and compounding financial distress, especially in poorer countries. It…
WASHINGTON (AP) - What keeps driving inflation so high? The answer, it seems, is nearly everything. Supply chain snarls and parts shortages inflated the cost of factory goods when the economy rocketed out of the pandemic recession two years ago.…
By WVUA 23 News Reporter Savannah Denton TUSCALOOSA - The federal government raised interest rates once again this week, directly affecting interest rates on all sorts of loans. Tyler Bigbie with Keller…
By WVUA 23 News Reporter Giselle Hood TUSCALOOSA - Most people don't think about where food comes from, but higher grocery prices are giving shoppers pause. But this problem isn't on…
By WVUA 23 News Reporter Savannah Denton TUSCALOOSA - U.S. stocks nosedived Tuesday, leading to one of its biggest one-day drops since 2020. The drop was sparked by a surprising inflation report showing…
WASHINGTON (AP) - Prices at the wholesale level fell from June to July, the first month-to-month drop in more than two years and a sign that some of the U.S. economy’s inflationary pressures cooled last month. Thursday’s report from the…
WASHINGTON (AP) - Falling gas prices gave Americans a slight break from the pain of high inflation last month, though the surge in overall prices slowed only modestly from the four-decade high it reached in June. Consumer prices jumped 8.5%…
WASHINGTON (AP) - An inflation gauge that is closely tracked by the Federal Reserve jumped 6.8% in June from a year ago, the biggest increase in four decades, and leaving Americans with no relief from surging costs. Friday’s figures from…
PHOENIX (AP) - Long lines are back at outside food banks around the U.S. as working Americans overwhelmed by inflation increasingly seek handouts to feed their families. Many people are coming for the first time amid the skyrocketing grocery and…
Cooking out on the Fourth of July is an American tradition, but if you're firing up the grill this year expect to spend more than ever. Today, the American Farm Bureau Federation released a study that found July 4 cookouts…
By WVUA 23 News Reporter Asher Redd Inflation is a major issue across the nation, and although there's more than one cause, this one starts at the source. Since this time last year,…
