Scott Horsley
Stories
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Business
The Federal Reserve tries to limit any further damage to the banking system
The Federal Reserve is facing a decision this week on whether to raise interest rates again to fight inflation or take a breather to avoid putting more stress on the banking system.
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Politics
The Fed already had a tough inflation fight. Now, it must deal with banks collapsing
Consumer prices in February were 6% higher than a year ago, as inflation continues to ease. The data comes just days after the collapse of two regional lenders is roiling the banking system.
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Politics
Federal Reserve Chair Jerome Powell warns inflation fight will be long and bumpy
Speaking before the Senate Banking Committee, Powell warned the central bank may have to raise interest rates even more, sending stock markets sharply lower.
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Business
Despite high inflation, Americans are spending like crazy – and it's kind of puzzling
Americans began the new year with a spending spree, but businesses are not sure how long it can last. There's a lot riding on the answer, since consumer spending is the backbone of the U.S. economy.
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Business
Inflation eased again in January – but there's a cautionary sign
Annual inflation cooled in January for the seventh month in a row. But price increases accelerated between December and January, fueled by rising shelter, food and gasoline prices.
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Business
Your Super Bowl platter may cost less this year – if you follow these menu twists
While supermarket inflation is still high, there are savings to be found on Super Bowl snacks. Prices for chicken wings and guacamole have fallen sharply since last year's big game.
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Politics
U.S. employers added 517,000 jobs last month. It's a surprisingly strong number
U.S. employers added 517,000 jobs in January, as the unemployment rate fell to 3.4% . The job market remains tight, despite signs of a slowing economy.
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Business
The Fed raises interest rates by only a quarter-point after inflation drops
The Federal Reserve raised interest rates by a quarter-percentage point as part of its ongoing effort to fight inflation. Price hikes have begun to ease, but the Fed says inflation is not yet tamed.
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Business
Inflation is coming down but the Fed isn't about to declare victory just yet
The Federal Reserve is expected to continue its crackdown on inflation by raising interest rates, but only by a quarter percentage point. That would be the smallest rate hike since last March.
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Health
Appeals court clears the way for more lawsuits over Johnson's Baby Powder
A U.S. appeals court has dismissed the bankruptcy case filed by a Johnson & Johnson spinoff company. Around 40,000 cancer patients have filed suit, alleging the powder was contaminated with asbestos.