Massive AI buildout poses inflation threat as consumers pay more for electricity
WASHINGTON — American consumers — and the Federal Reserve — are being hit with another high-cost headache. The…
Massive AI buildout poses the latest inflation threat for consumers and the Fed
WASHINGTON (AP) — American consumers — and the Federal Reserve — are being hit with another high-cost headache.…
South Africa presses the US for tariff relief
JOHANNESBURG (AP) — South Africa has asked the United States to exempt it from proposed tariffs linked to…
America In Focus: Fed officials divided on US inflation views; US home prices hit all-time high
The economy, inflation and how those forces could impact the lives of Americans were front and center over…
Warsh vows an independent Fed and 2% inflation target, dimming Trump’s hopes for rate cuts
WASHINGTON (AP) — New Federal Reserve Chair Kevin Warsh said Wednesday that the central bank would remain independent…
Supreme Court says Fed’s Cook can keep her job for now
WASHINGTON (AP) — The Supreme Court on Monday dramatically expanded presidential power, upholding President Donald Trump’s firings of…
Supreme Court set to rule on birthright citizenship and presidential power
WASHINGTON (AP) — The Supreme Court is wrapping up a term that has focused on President Donald Trump’s…
America In Focus: key inflation gauge surges to 3-year high, mortgage rate climbs
The economy, inflation and how those forces could impact the lives of Americans were front and center over…
US jobless aid filings fall to 215,000 last week as layoffs remain low despite economic headwinds
WASHINGTON (AP) — Fewer Americans applied for jobless aid last week as layoffs remain low despite economic headwinds…
Average 30-year U.S. mortgage rate rises to 6.49%, little changed from its range the past 6 weeks
The average long-term U.S. mortgage rate edged higher this week, staying close to 6.5%, where it’s been the…
Trump tours Pennsylvania Mack Trucks plant to spotlight economy
MACUNGIE, Pa. (AP) — President Donald Trump visited a Mack Trucks facility in the swing state of Pennsylvania…
Alan Greenspan, influential former Fed chair who oversaw a decade-long boom, dies at 100
WASHINGTON (AP) — Alan Greenspan, the jazz-playing U.S. Federal Reserve chair who was celebrated for engineering a decade…