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News Articles: inflation

Construction workers prepare steel for a crane at construction site in New York City on May 18, 2023.

Tagged as: 

  • Business

The U.S. added 209,000 jobs in June, showing that hiring is slowing but still solid

U.S. employers added 209,000 jobs in June, marking another respectable month of job growth, though it was slower than in previous months.

July 07, 2023
|
By:
  • Scott Horsley
Travelers wait in line at Hartsfield-Jackson Atlanta International Airport in Atlanta on June 30, 2023, ahead of the 4th of July holiday weekend.  Consumers are traveling and eating out more though they are paring down spending in other ways.

Tagged as: 

  • Economy

Here are the 5 things to know about the state of the economy this Independence Day

As the U.S. celebrates its birthday with hot dogs and fireworks, the economy continues to grow, the job market is strong, but inflation and rising interest rates are keeping recession fears alive.

July 04, 2023
|
By:
  • Scott Horsley
Meat prices have risen 13% since 2021. Prices are still going up, even though not at eye-popping rates any more.

Tagged as: 

  • Business

As meat prices hover near record highs, here are 3 ways to save on a July 4 cookout

If you're planning to throw some meat on the grill this July 4th holiday, here are some ways to save money in the process.

July 03, 2023
|
By:
  • Erin Kenney
In this Jan. 27, 2021, file photo, a "For Rent" sign is posted in Sacramento, Calif.

Tagged as: 

  • News

Rent prices appear to be cooling off in Atlanta

Rent prices appear to be cooling off in some parts of the country, including Atlanta.

 

June 22, 2023
|
By:
  • Sarah Kallis

Tagged as: 

  • Your Money

Has inflation changed how you shop and spend? We want to hear from you

NPR wants to know whether rising prices have led you to shop differently for groceries, travel or entertainment; use "buy now pay later" services; or dip into savings to cover your debts.

June 15, 2023
|
By:
  • GPB Newsroom
Federal Reserve Board Chairman Jerome Powell and his colleagues opted to pause interest rate hikes at their meeting Wednesday.

Tagged as: 

  • Economy

Taking a breather: Fed holds interest rates steady in patient battle against inflation

After 10 straight rate hikes, the Federal Reserve left interest rates unchanged Wednesday, but hinted that additional rate hikes are possible if inflation remains stubbornly high.

June 14, 2023
|
By:
  • Scott Horsley
Inflation fell in May to 4%, down from 4.9 percent in April. Some prices, though, continue to rise (Photo by Joe Raedle/Getty Images)

Tagged as: 

  • Economy

Cheaper eggs and gas lead inflation lower in May, but higher prices pop up elsewhere

Inflation cooled slightly in May, thanks in part to falling gas and egg prices. But the overall cost of living is still climbing faster than the Federal Reserve would like.

June 13, 2023
|
By:
  • Scott Horsley
Eggs are on display at a Sprouts grocery store on April 12 in San Rafael, Calif.

Tagged as: 

  • Business

Sky-high egg prices are finally coming back down to earth

The industry is recovering from a massive bird flu outbreak and high inflation rates, but prices may not fall to what they once were.

June 06, 2023
|
By:
  • Joe Hernandez
Construction workers prepare steel for a crane at the site of JPMorgan Chase's new headquarters in New York City on May 18, 2023. Builders added jobs this month despite the headwinds from higher interest rates. It was another indication of the country's strong job market.

Tagged as: 

  • Economy

Amazingly, the U.S. job market continues to roar. Here are the 5 things to know

Employers added a whopping 339,000 jobs last month, a stunningly strong number. Here are some of the key takeaways of the country's red hot labor market.

June 03, 2023
|
By:
  • Scott Horsley
While food prices have risen in many parts of the world, a dramatic jump in one of Italy's staple foods has prompted the government to take action.

Tagged as: 

  • Food

Soaring pasta prices caused a crisis in Italy. What can the U.S. learn from it?

Italian officials convened crisis talks last week to address the price of pasta, which was up a whopping 17.5% year-over-year in March. But it's far from the only country seeing a rise in food prices.

May 18, 2023
|
By:
  • Rachel Treisman
A picture prior to the central bank session of the Group of Seven finance ministers and central bank governors meeting in Niigata, Japan, on Saturday, May 13, 2023.

Tagged as: 

  • World

G7 finance leaders pledge to contain inflation and to continue support for Ukraine

Finance ministers and central bank chiefs ended talks in Japan with a joint statement pledging to bring inflation under control while aiding those suffering the most from surging prices.

May 13, 2023
|
By:
  • The Associated Press
A customer shops for meat at a Safeway store in San Rafael, Calif., on April 12, 2023. Consumer prices eased slightly in April from the previous month but are still too high for the Fed's comfort.

Tagged as: 

  • Economy

Inflation stayed high last month, compounding the challenges facing the U.S. economy

Consumer prices in April were 4.9% higher than a year ago, according to the Labor Department. Prices rose 0.4% between March and April.

May 10, 2023
|
By:
  • Scott Horsley
A customer walks by a "now hiring" sign posted in front of a store in Novato, Calif., on April 7, 2023.

Tagged as: 

  • Economy

In a surprise, the job market grew strongly in April despite high interest rates

The U.S. job market may be getting a second wind. Employers added 253,000 jobs in April, a modest uptick from the month before. The unemployment rate dipped to 3.4%.

May 05, 2023
|
By:
  • Scott Horsley
Federal Reserve Chair Jerome Powell speaks during a news conference at the Federal Reserve in Washington, D.C, on March 22, 2023. The Fed raised interest rates again Wednesday but signalled it may be the last hike for a while.

Tagged as: 

  • Economy

The Fed raises interest rates again in what could be its final attack on inflation

The Federal Reserve raised interest rates by a quarter percentage point Wednesday in an effort to curb persistent inflation. It was the tenth rate hike in 14 months, and possibly the last for a while.

May 03, 2023
|
By:
  • Scott Horsley
A customer waits to order food at a Miami McDonald's on July 26, 2022. The CEO of McDonald's expects the U.S. to experience a mild recession and says customers have grown more reluctant to splurge on or supersize their orders.

Tagged as: 

  • Economy

The U.S. economy is losing steam. Bank woes and other hurdles are to blame.

The country's GDP growth is slowing as banks cut back on credit and the Federal Reserve tries to crack down on inflation.

April 27, 2023
|
By:
  • Scott Horsley
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