inflation

Economy

Here's where inflation stands today — and why it's raising hope about the economy

4:53pm August 10, 2023

Consumer prices rose 3.2% in July from a year ago, higher than the 3% gain seen in June — but it was largely due to math. Overall, inflation continues to ease, raising optimism about the economy.

Annual inflation accelerated slightly in July, although the uptick was modest and within expectations.

Economy

Inflation got a little higher in July as prices for rent and gas spiked

8:55am August 10, 2023

by Scott Horsley

Consumer prices rose 3.2% in July from a year ago, up slightly from the 3% annual rise see in June — but still within analyst expectations

The latest employment data for July is bolstering hopes about the economy after employers continued to add jobs at a solid clip.

The case for a soft landing in the economy just got another boost

4:42pm August 04, 2023

by Scott Horsley

U.S. employers added 187,000 jobs in July, a slower but still solid pace of growth, suggesting the Federal Reserve may be able to curb inflation without triggering a recession.

It wasn't too long ago that a lot of experts were fearing a recession. It hasn't quite turned out that way – but that doesn't mean recession fears are over.

Economy

Could the U.S. still see a recession? A handy primer about the confusing economy

6:01am July 24, 2023

A string of encouraging reports is raising hope about the economy — but worries of a possible recession have not gone away. Here's why.

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A person pumps gas at a BP gas station in Brooklyn, N.Y., on June 12. Annual inflation eased to 3% in June, the lowest in over two years, and there's hope that it could go lower.

Why inflation is losing its punch — and why things could get even better

10:17am July 13, 2023

by Scott Horsley

Annual inflation fell to 3% in June, the lowest since March 2021. That probably won't stop the Federal Reserve from raising rates again, but this month's expected hike could be the last.

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Many back-to-school shoppers are relying on sales to save money, especially as inflation continues to strain people's wallets.

Economy

It's back-to-school shopping time, and everyone wants a bargain

5:22am July 12, 2023

by Erin Kenney

Spending on back-to-school supplies is predicted to decline this year, for the first time since 2014. With inflation top of mind, parents and teachers are looking for ways to save money.

A 'Now Hiring' sign is displayed outside a check cashing shop in Los Angeles on June 2, 2023. Employers added 209,000 jobs last month, slowing down from previous months but still marking respectable growth.

The job market is cooling but still surprisingly strong. Is that a good thing?

4:23pm July 07, 2023

by Scott Horsley

U.S. employers added 209,000 jobs in June. That's a solid number, but fewer than the month before. Here are the 5 things we took away from the report.

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

Economy

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

10:12am July 07, 2023

by Scott Horsley

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

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.

Economy

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

6:00am July 04, 2023

by Scott Horsley

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.

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Meat prices have risen 13% since 2021. Prices are still going up, even though not at eye-popping rates any more.

Economy

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

4:55pm July 01, 2023

by Erin Kenney

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