Scott Horsley

The Fed is maintaining its easy money policies for now in an effort to speed the economic recovery. It left interest rates near zero despite a jump in consumer prices.

The U.S. and E.U. have called a truce in a long-running trade dispute involving rivals Boeing and Airbus. The fight sparked turbulence for unrelated products like Scotch whisky and Spanish olive oil.

More than 300,000 people have lost their pandemic unemployment benefits. GOP governors in more than two dozen states ended jobless aid ahead of schedule — in an effort to push people back to work.

Republican-lead states are moving to end enhanced unemployment benefits early, arguing that the extra pandemic-related funding from the federal government is keeping employers from finding workers.

Consumer prices are climbing at the fastest pace in nearly 13 years as the U.S. recovers from the pandemic recession. Prices rose 5% in May. Authorities say this inflation spike will be temporary.

The Labor Department says consumer prices jumped 5% for the 12 months ending in May. That's the sharpest increase in nearly 13 years, as the economy rebounds from the pandemic recession.

The Labor Department reports on the latest inflation data on Thursday. It comes after the consumer price index rose 4.2% in April from a year ago — the highest in more than a dozen years.

The price of cars is climbing fast. So is the price of gasoline. The Labor Department may also offer its own version of sticker shock when it reports on the rise in consumer prices Thursday.

The U.S. and other major industrial countries have struck a tentative deal to impose a 15% tax on multi-national corporations. The agreement may face opposition in low-tax countries and Congress.

Republican governors are moving to end $300-a-week pandemic payments for the unemployed in a controversial effort to push people back to work. Four states are set to end them this week.

In May, U.S. employers added two times the jobs they did in April. A long way from replacing the jobs lost in 2020, employers say they'd like to hire more people to keep up with booming demand.

U.S. employers added 559,000 jobs last month, as the unemployment rate fell to 5.8% from 6.1% in April. Employers say they could use even more workers as demand surges and pandemic fears recede.

The Labor Department is set to report jobs data for May amid a political fight over whether extended unemployment benefits are dissuading Americans from rejoining the workforce.

Over two dozen states are ending pandemic unemployment benefits early. Some say the money keeps people from looking for work. Calls to end the payouts got louder after lackluster job gains in April.

As the pandemic retreats and summer travel starts, hotels, airlines and rental car companies are expecting a big jump in business. Travelers also may have to prepare for longer lines, higher prices.

Prices are jumping as the economy rebounds from the pandemic, but the Biden Administration and the Federal Reserve say a return to 1970s-style inflation is unlikely.

President Biden signed an executive order Thursday that aims to safeguard families, businesses, and the government from the financial fallout of a changing climate.

President Biden downplayed complaints that unemployment benefits are discouraging people from looking for work, but stressed that those who turn down suitable job offers may be at risk of losing aid.

April's jobs number failed to meet projections, casting doubt on the country's post-pandemic recovery. But the Biden administration says that the economy is recovering faster than expected.

U.S. employers added far fewer jobs in April than forecasters had expected. Friday's report shows a modest uptick in average hourly wages amid many businesses complaining of a worker shortage.