Inflation

Trump scraps tariffs on some foods in push to lower grocery prices

November 23, 2025 Will Weissert

WASHINGTON, D.C. — President Donald Trump announced Friday that he was scrapping U.S. tariffs on beef, coffee, tropical fruits and a broad swath of other commodities — a dramatic move that comes amid mounting pressure […]

US labor market surprises with 147K new jobs last month

July 12, 2025 Paul Wiseman

WASHINGTON, D.C. — The U.S. labor market delivered another upside surprise last month, churning out a surprisingly strong 147,000 jobs. The unemployment rate ticked down unexpectedly, too. But the headline numbers masked some weaknesses as […]

Some Americans cut back on spending as inflation ticks higher

July 5, 2025 Christopher Rugaber

WASHINGTON, D.C. — A key inflation gauge moved higher in May in the latest sign that prices remain stubbornly elevated while Americans also cut back on their spending last month. Prices rose 2.3% in May […]

May home sales barely move as high mortgage rates, prices, weigh on housing market

June 28, 2025 Alex Veiga

NEW YORK — Sales of previously occupied U.S. homes edged higher in May, as stubbornly high mortgage rates and rising prices made homebuying less affordable even as the inventory of properties on the market continued […]

US inflation gauge cools with little sign of tariff impact, so far

June 7, 2025 Christopher Rugaber

WASHINGTON, D.C. — A key U.S. inflation gauge slowed last month as President Donald Trump’s tariffs have yet to noticeably push up prices. Spending by Americans slowed despite rising incomes, potentially an early reaction to […]

Uncertainty about consumers, tariffs in 2025 for Walmart

March 2, 2025 Anne D’Innocenzio

NEW YORK — Walmart delivered another year of strong sales and profits as its competitive prices became a strong magnet for inflation-weary shoppers. Yet uncertainty about the state of the American consumer and the potential […]

JPMorgan’s Dimon hopes for soft landing for the US economy

May 31, 2024 The Associated Press

JPMorgan Chase CEO Jamie Dimon hopes the Federal Reserve can bring down inflation without causing a recession but wouldn’t rule out more troubling possibilities, such as stagflation. In an interview with The Associated Press at […]

Growing paychecks could contribute to higher inflation

April 30, 2024 The Associated Press

WASHINGTON, D.C. — Pay and benefits for America’s workers grew more quickly in the first three months of this year, a trend that could contribute to higher inflation and raise concerns about the future path […]

NCRMA to Biden: Grocers ‘disappointed’ in recent remarks blaming retailers for price inflation

February 14, 2024 A.P. Dillon

RALEIGH — The N.C. Retail Merchants Association (NCRMA) sent a letter to President Joe Biden on Feb. 5 expressing disappointment in remarks made by Biden during a South Carolina campaign event in which he blamed […]

Recent poll finds an uptick in positive ratings of the US economy, but it’s not boosting Biden

February 9, 2024 The Associated Press

WASHINGTON, D.C. — Stocks are near record highs. Growth was surprisingly strong last year. And once-hot inflation has begun to cool. But so far, U.S. adults are feeling only slightly better about the economy. A […]