CHRISTOPHER RUGABER
Latest Articles
Inflation Cools in May in Sign That Price Pressures May Be Easing
Fed officials are scrutinizing each month’s inflation data to assess their progress in their fight against rising prices. Even as overall inflation moderates, necessities such as groceries, rent, and health care are much pricier than they were three years ago.
Employers Add a Robust 272,000 Jobs in May Despite High Interest Rates
Last month’s sizable job gain suggests that the economy is growing steadily, propelled by consumer spending on travel, entertainment, and other areas of the service sector.
Prices Rise 3.4 Percent in April, an Improvement From March, as Inflation Lingers Far Above Fed’s Target
Elevated inflation readings are dimming hopes that the worst bout of inflation in four decades is being rapidly tamed.
Fed’s Powell Downplays Potential for a Rate Hike Despite Higher Price Pressures
With price pressures still elevated, Mr. Powell and other Fed officials signal that no rate cut is likely anytime soon.
Wholesale Prices Jump 2.2 Percent in April, Signaling Fed’s Difficulty in Taming Stubborn Inflation
Inflation is running above the central bank’s target of 2 percent, putting in doubt whether interest rates will be cut at all this year.
Fed’s Preferred Inflation Gauge Rises 2.7 Percent, as Elevated Price Pressures Weigh on Biden’s Re-Election Bid
Prices for food, rent, gas, and other necessities are running roughly 20 percent to 30 percent higher than they were four years ago, souring many Americans on the economy.
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