u.s. economy

US inflation eases grip on economy, falling for a 6th month

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…

Can US avoid a recession? As inflation eases, optimism rises

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…

Biden sees economy avoiding recession, but risks remain

The Associated Press WASHINGTON (AP) - President Joe Biden is assuring the nation that the U.S. economy is chugging along. But along with his upbeat words on Friday, a new jobs report showed that high inflation remains a threat. At…

US revises up last quarter's economic growth to 2.9% rate

The Associated Press WASHINGTON (AP) - The U.S. economy grew at a 2.9% annual rate from July through September despite high interest rates and chronic inflation, the government said Wednesday in an upgrade from its initial estimate. Last quarter’s rise…

AP-NORC poll: Biden hit on economy as more say finances poor:

WASHINGTON (AP) - More U.S. adults are now feeling financially vulnerable amid high inflation. That's a political risk for President Joe Biden and fellow Democrats a month before the midterm elections. A new poll from The Associated Press-NORC Center for…

'What recession?': US employers add 528,000 jobs in July

WASHINGTON (AP) - U.S. employers added an astonishing 528,000 jobs last month despite flashing warning signs of an economic downturn, easing fears of a recession and handing President Joe Biden some good news heading into the midterm elections. Unemployment dropped…