Latest News Updates From Christopher Rugaber

GovernmentBusiness

Consumer Spending Slowed in January While Incomes Jumped

WASHINGTON — Americans pulled back on their spending in January, even as their incomes surged, a sign the economy was growing modestly before the threat of coronavirus arose.

February 28, 2020
GovernmentBusiness

Federal Reserve Saw Declining Recession Risk in December

WASHINGTON — The Federal Reserve’s policymaking committee saw much less risk of recession at its meeting in December, when it kept interest rates steady after three straight cuts and signaled that it expected to keep low rates unchanged through this year.

January 3, 2020
GovernmentBusiness

US Gains a Robust 266,000 Jobs

WASHINGTON — Hiring in the United States jumped last month to its highest level since January as U.S. employers shrugged off trade conflicts and a global slowdown and added 266,000 jobs.

December 6, 2019
GovernmentBusiness

Survey: Businesses Added Just 67,000 Jobs in November

WASHINGTON — U.S. companies added just 67,000 jobs in November, a private survey found, barely half the gain of the previous month.

December 4, 2019
GovernmentBusiness

Fed’s Powell Sees Steady Growth, Signals Pause in Rate Cuts

WASHINGTON — Federal Reserve Chairman Jerome Powell expects the U.S. economy to continue growing at a solid pace, though it still faces risks from slower growth overseas and trade tensions.

November 13, 2019
GovernmentBusiness

Survey: Business Hiring Falls to Seven-Year Low

WASHINGTON — A measure of hiring by U.S. companies has fallen to a seven-year low and fewer employers are raising pay, a business survey has found.

October 28, 2019
GovernmentBusiness

Consumer Spending Rises 0.1% in August

WASHINGTON — American consumers boosted their spending by just 0.1% in August, the smallest gain in six months, even as their incomes rose at a solid pace.

September 27, 2019
GovernmentBusiness

Retail Sales Rise Moderately as Auto Buying Jumps

WASHINGTON — U.S. retail sales rose moderately in August, driven higher by a jump in auto buying and healthy online sales. But there also were signs that consumers have become more cautious.

September 13, 2019
GovernmentBusinessFuel

Consumer Prices Rose 0.3% in July Amid Widespread Cost Increases

WASHINGTON — U.S. consumer prices rose 0.3% in July, pushed higher by more expensive gas, medical care and housing.

August 13, 2019
GovernmentBusiness

US Retail Sales Rise 0.4% in June in Sign of Consumer Health

U.S. retail sales rose at a solid pace in June, providing crucial support to the economy at a time when other drivers of growth have faded.

July 16, 2019