Latest News Updates From Christopher Rugaber

GovernmentBusiness

Inflation Cools in February

U.S. inflation slowed last month for the first time since September even as additional tariffs on steel and aluminum that kicked in March 12 threaten to send prices higher.

March 12, 2025
GovernmentBusiness

Inflation Rose 3% in January on Sticky Price Pressures

Inflation accelerated last month as the cost of groceries, gas, and used cars rose, a trend that will likely underscore the Federal Reserve’s resolve to delay any further interest rate cuts.

February 12, 2025
GovernmentBusiness

US Inflation Ticked Higher in December

WASHINGTON — An inflation gauge closely watched by the Federal Reserve rose slightly last month, the latest sign that some consumer prices remain stubbornly elevated.

January 31, 2025
GovernmentBusiness

Inflation Rose in December but Underlying Pressures Fell

WASHINGTON — U.S. inflation accelerated last month as prices for gas, eggs and used cars rose, yet underlying price pressures also showed signs of easing.

January 16, 2025
GovernmentBusiness

Federal Reserve Cuts Its Key Rate by a Quarter-Point

WASHINGTON — The Federal Reserve cut its key interest rate Dec. 18 by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year.

December 18, 2024
GovernmentBusiness

Consumer Prices Rise 0.3% in November

WASHINGTON — Fueled by pricier used cars, hotel rooms and auto insurance, inflation in the United States moved slightly higher last month while remaining far below its peak of two years ago.

December 11, 2024
GovernmentBusiness

Federal Reserve Officials Signal Cautious Path for Rate Cuts

WASHINGTON — With inflation still elevated, Federal Reserve officials expressed caution at their last meeting about cutting interest rates too quickly, adding to uncertainty about their next moves.

November 26, 2024
GovernmentBusiness

Inflation Rises Slightly in October to 2.6%

WASHINGTON — Inflation in the United States ticked up in October, driven by costlier rents, used cars and air fares, a sign that price increases might be leveling off.

November 13, 2024
GovernmentBusiness

Inflation Reaches Lowest Point Since February 2021

WASHINGTON — 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.

October 10, 2024
GovernmentBusiness

More Interest Rate Cuts Likely, Powell Says at Forum

Jerome Powell stressed that the Fed’s current goal is to support a largely healthy economy and job market, rather than rescue a struggling economy or prevent a recession.

September 30, 2024