Scott Horsley
Stories
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Politics
The Fed delivers biggest interest rate hike in decades to combat surging inflation
The Federal Reserve raised interest rates by three-quarters of a percentage point Wednesday in an effort to combat stubbornly high inflation. It's the biggest rate increase in 28 years.
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Business
Treasury Secretary Janet Yellen faces judgement over inflation
NPR's Scott Horsley reports on criticism directed at Treasury Secretary Janet Yellen over the highest inflation rates in over 40 years.
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Business
The job market stays red-hot with the unemployment rate near a pre-pandemic low
U.S. employers added 390,000 jobs in May as the labor market stays hot. The unemployment rate held steady at 3.6%.
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Business
Stocks are down, home prices are up and inflation continues
Americans' buying habits are changing as we move into a new phase of the pandemic. Some big retailers are having trouble keeping up, with their stocks taking a beating this week.
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Politics
Inflation may be easing — but low-income people are still paying the steepest prices
The annual inflation rate eased somewhat in April, but not enough to meaningfully reduce the burden on lower-income Americans.
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Business
This week in economics
The Federal Reserve raised interest rates this week, in an effort to tamp down inflation. The Fed is worried in part about the tight job market, which saw another strong month of job growth in April.
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National
Wages are rising, but can't keep up with cost of living — and could worsen inflation
U.S. employers added 428,000 jobs in April, as the unemployment rate held steady at 3.6%. Stiff competition for workers is pushing up wages, which has inflation watchdogs concerned.
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Business
The US jobs market continues its strong comeback from the pandemic
U.S. employers added 428,000 jobs in April, as the unemployment rate held steady at 3.6%.
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Business
The Fed is rapidly unwinding its easy money policies to fight inflation
The Federal Reserve on Wednesday raised interest rates by half a percentage point, as it escalates its fight against inflation.
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Business
The Fed raises interest rates by the most in over 20 years to fight inflation
The Federal Reserve raised interest rates by half a percentage point Wednesday, in an effort to cool off demand and lower inflation. Consumer prices have been rising at the fastest pace in 40 years.