Scott Horsley
Stories
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Inflation falls to its lowest level in more than 3 years. Here’s what that means
Consumer prices in August were up 2.5% from a year ago — the smallest annual increase since February 2021. Falling inflation clears the way for the Federal Reserve to start cutting interest rates next week — likely by a quarter percentage point.
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The latest jobs report could guide the Federal Reserve's decision on interest rates
This week's jobs report offered a mixed picture of the strength of the U.S. job market. That's a challenge for the Federal Reserve as it tries to decide how aggressively to cut interest rates.
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The latest jobs data provides a really confusing picture. Here are 4 things to know
There was both good news — and bad news — in the latest jobs report, providing an unclear picture as the Federal Reserve weighs how much to cut interest rates.
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The stakes are high as the monthly jobs report for August is released
The Labor Department reports Friday on employment and unemployment for the month of August. The Federal Reserve is watching closely as it weighs how much to cut interest rates later this month.
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In a rare move of intervention, the sale of U.S. Steel may be blocked by the president
Biden, Harris and former President Trump all oppose Nippon Steel's $14 billion purchase of U.S. Steel. Company executives say thousand of union jobs could be in jeopardy if the sale falls through.
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U.S. jobs data shows fresh signs of weakness
Job openings have fallen to their lowest level in more than three and a half years. That’s one factor the Federal Reserve will consider when deciding how much to cut interest rates later this month.
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An abortion can affect a woman’s financial future -- and the broader economy
Choosing whether and when to have children is one of the most important economic decisions a woman can make. That decision can be shaped by whether or not a woman has access to abortion. Access has shifted in the two years since the Supreme Court struck down Roe v. Wade, and the economic consequences are still playing out.
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'The time has come' to lower interest rates: Fed Chair Jerome Powell
Federal Reserve chairman Jerome Powell signaled that he's increasingly confident inflation will soon be tamed, and that he and his colleagues will soon cut interest rates to avoid hurting the job market.
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U.S. added fewer jobs in the past year than initially reported
A preliminary report from the Labor Department shows U.S. employers added 818,000 fewer jobs in the year ending in March than initially reported. The news comes during an election season in which the strength of the economy is a key issue for voters.
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Examining some of the big changes coming to real estate commissions
Potentially big changes are coming to the way real estate agents are paid. Backers say it will save money in the long run, but it will likely take some time for homebuyers and sellers to adjust.
