Scott Horsley appears in the following:
Janet Yellen and other finance ministers walk out of G20 meeting as Russia speaks
Wednesday, April 20, 2022
Yellen's counterparts from the U.K. and Canada joined the walkout to protest Russia's invasion of Ukraine.
How Americans are adjusting to record inflation
Saturday, April 16, 2022
Americans have cut back what they're buying at gas stations and grocery stores in response to rising prices. But their spending overall has remained fairly steady.
Many countries are seeing the worst inflation in decades
Friday, April 15, 2022
Inflation isn't just an American problem — it's happening in places around the world and stretching some countries to the point of political unrest.Many
Why there are growing fears the U.S. is headed to a recession
Wednesday, April 13, 2022
With inflation at a four-decade high, a growing number of forecasters worry the U.S. economy may be headed to a recession as the Fed gears up to raise interest rates aggressively.
The rate of inflation made its sharpest spike since 1981
Tuesday, April 12, 2022
Consumer prices in March were up 8.5% from a year ago — the sharpest increase since December of 1981. Stubbornly high inflation is a challenge for the U.S. economy and the Biden administration.
How soaring inflation forces stark choices
Tuesday, April 12, 2022
Inflation in March was the highest since December of 1981, with prices up 8.5% from a year ago. Rising prices are especially hard on low-income people, who spend more of their money on necessities.
Many forecasters believe a recession is coming
Monday, April 11, 2022
High inflation and the resulting crackdown by the Federal Reserve are fueling worries that the U.S. could be headed for a recession.
Employers continue hiring spree even as war in Ukraine ratchets up economic fears
Friday, April 01, 2022
U.S. employers added 431,000 jobs in March, as the unemployment rate fell to 3.6% from 3.8% in February. The tight job market is putting upward pressure on both wages and prices.
What factors, such as inflation, affected the monthly jobless report?
Friday, April 01, 2022
The Labor Department is issuing its monthly report card on jobs and unemployment. The job market has been unusually tight, which is pushing up both wages and prices.
Gas prices got you wanting an electric or hybrid car? Well, good luck finding one
Friday, March 25, 2022
Soaring gasoline prices have fueled increased demand for electric cars, hybrids and smaller gasoline-powered vehicles. But shoppers may not find much to choose from.
More people are looking for hybrid or electric cars — but there aren't many options
Wednesday, March 23, 2022
High gasoline prices are boosting demand for more fuel-efficient vehicles. But some customers shopping for hybrids or electric cars are turned off by the rising sticker prices and limited selection.
The Federal Reserve raises interest rates for the first time since 2018
Wednesday, March 16, 2022
The Federal Reserve raised interest rates today for the first time since 2018, in an effort to tamp down inflation. Additional rate hikes are likely in the months to come.
Fed nominee Sarah Bloom Raskin withdraws after fight over her climate change stance
Tuesday, March 15, 2022
Biden's pick to be the Fed's top bank regulator has withdrawn her nomination. She attracted Republican opposition after calling on bank regulators to monitor the financial risks from climate change.
Sen. Joe Manchin says he'll oppose Sarah Bloom Raskin's nomination to a key Fed role
Monday, March 14, 2022
The opposition of Manchin, the Democratic senator from West Virginia, likely dooms Raskin's chances to be confirmed.
High inflation is an annoyance for some. Others make painful choices of what to cut
Sunday, March 13, 2022
Consumers are spending freely, even as prices climb at the fastest pace in decades. While inflation has put a dent in some people's purchasing power, others have money to burn.
U.S. gas prices hit record highs following sanctions on Russia
Saturday, March 12, 2022
Western sanctions in response to Russia's invasion of Ukraine have pushed up gas prices. Though the U.S. was not a big buyer of Russian oil, it's still subject to the whims of global energy markets.
Inflation climbed to a new four-decade high last month.
Friday, March 11, 2022
Consumer prices surge 7.9% in February from a year ago, keeping inflation at a 40-year high.
Inflation reached a new 40-year high — even before the big spike in gas prices
Thursday, March 10, 2022
Annual inflation rose to a four-decade high in February, as consumer prices were up 7.9% from a year ago. That does not include most of the spike in gas prices tied to Russia's invasion of Ukraine.
Inflation hits another 40-year high. The war in Ukraine could make it worse
Thursday, March 10, 2022
Annual inflation climbed to a new four-decade high in February, with consumer prices up 7.9% from a year ago. The increase does not reflect most of the recent jump in gasoline prices.
President Biden bans Russian oil imports
Tuesday, March 08, 2022
President Biden is banning U.S. imports of Russian oil: the latest move to punish Moscow for its war on Ukraine. Gasoline prices are spiking.