U.S. employers added 372,000 jobs in June, while the unemployment rate held steady at 3.6%. Despite slightly slower job growth, the labor market remains an economic bright spot.
Inflation — fueled by the pandemic, the war in Ukraine and local issues — has made everything more expensive, including the oil used to fry street food. Here's how vendors and customers are coping.
Hosting a July 4th barbeque is 11 percent more expensive than last year, thanks to inflation. The prices of chicken wings, ground beef and beer have all skyrocketed. Still, there are ways to save.
A viral tweet claimed the AriZona Iced Tea was raising its price from 99 cents to $1.29. It wasn't true, but could it happen in the near future?
Several economists from Duke University are outlining the impacts of inflation.
Biden wants Congress to give people a break on the federal gas tax for the summer. But economists say that won't translate into big savings at the pump — and could hurt efforts to curb inflation.
Federal Reserve chairman Jerome Powell vowed to bring inflation back down to 2%. Some lawmakers worry the Fed's efforts to control inflation could tip the economy into recession.
In an interview Thursday with The Associated Press, the president says the American people are "really, really down" after two years of pandemic, volatility in the economy and surging gas prices.
The U.S. has a home shortage, but builders may be slowing instead of increasing construction because of worries that the homes won't be sold.
The Federal Reserve raised interest rates by three-quarters of a percentage point Wednesday in an effort to combat stubbornly high inflation. It's the biggest rate increase in 28 years.