Scott Horsley
Stories
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Health
Game time: The Fed unveils a tougher plan to fight stubbornly high inflation
The Federal Reserve is preparing to raise interest rates sooner and — perhaps — more aggressively after inflation reached the highest in nearly 40 years.
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National
Consumer prices are even higher as businesses try to keep up with people eager to buy
Consumer prices were 7% higher in December than the year prior — the sharpest increase in nearly four decades. Many expect the Federal Reserve to raise interest rates to try to bring inflation down.
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Business
Employers added only 199,000 jobs in December even before omicron started to surge
U.S. employers added 199,000 jobs in December as the unemployment rate fell to 3.9%, marking a second consecutive month of disappointing numbers.
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Health
Inflation is still red hot, and it's forcing the Federal Reserve into a new game plan
The Federal Reserve is opening the door to possible interest rate hikes earlier next year than had been expected, as it wrestles with the highest inflation in nearly four decades.
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Health
Hiring was a bust in November, even before omicron, with 210,000 jobs added
U.S. employers added 210,000 jobs in November, as the unemployment rate fell. Data from the Labor Department suggest the economy was losing steam even before the appearance of a new COVID-19 variant.
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Business
Stocks tumble as investors weighed potential effects from omicron variant
The stock market took a dive on Tuesday, as investors fretted about the new coronavirus variant and the prospect of more long-lasting inflation.
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Politics
President Biden addressed rising inflation in his economy speech
President Biden highlighted the strength of the U.S. economy Tuesday afternoon, while also addressing rising prices. The administration is trying to lower gasoline prices, a major driver of inflation.
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Business
Biden chooses to keep Fed Chairman Powell in place for a second term
President Biden plans to stick with Jerome Powell as chairman of the Federal Reserve. The Fed is wrestling with an uneven recovery and the highest inflation in more than three decades.
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Politics
Biden reappoints Jerome Powell as Fed chairman at a critical time for the economy
President Biden has tapped Jerome Powell to serve a second term as chairman of the Federal Reserve as the economy faces huge challenges, including surging inflation.
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Politics
Inflation surges to its highest since 1990
Consumer prices were 6.2% higher in October than a year ago as inflation continues to chip away at the buying power of households across the country.