U.S. economy grew 2.4% in the 4th quarter after upgrade in final growth estimate
The U.S. economy expanded at a healthy annual 2.4% pace the last three months of 2024, supported by a year-end surge in consumer spending.
Dow drops 950, and Wall Street flirts with its worst day in years on worries about the economy
The U.S. stock market is flirting with its worst day in years as its sell-off cuts deeper.
Inflation rises to 3% for the first time since June
Inflation climbed again in January, hitting 3-percent for the first time since June 20-24.
Trump's tariffs on Canada, Mexico and China could mean higher inflation and economic disruption
The Republican president is making a major political bet that his actions will not worsen inflation, cause financial aftershocks that could destabilize the worldwide economy or provoke a voter backlash.
Fed hold rates steady, says job market is 'solid' while inflation 'remains somewhat elevated'
The Federal Reserve left its key interest rate unchanged Wednesday after cutting it three times in a row last year, a sign of a more cautious approach as the Fed seeks to gauge where inflation is headed and what policies President Donald Trump may pursue.
Gen Z getting increasingly stressed over finances
When it comes to finances, women seem to be the most stressed out according to new research from Credit One Bank. Data shows women and Gen- Z experience the most stress about money.
President-elect Trump shares policies to help revive U.S. economy
President-elect Trump vows to turn the economy around with several policies, in an effort to put more money in the hands of working-class Americans
US inflation rose in October after 2 years of steady cooling
Inflation in the United States ticked up in October, driven by costlier rents, used cars, and air fares, a sign that price increases might be leveling off after having slowed in September to their lowest pace since 2021.
What’s Next For The Economy Under A Second Trump Term
Exit polls show the economy was a key factor in Donald Trump’s 2024 Presidential election win and a major liability for the incumbent Democratic Party.
Stocks And Bitcoin Soar After Trump's Victory, While Inflation Worries Rise; Dow Surges 1,200
The U.S. stock market, Elon Musk’s Tesla, banks and bitcoin are all storming higher Wednesday as investors bet on what Donald Trump’s return to the White House will mean for the economy and world.
Federal Reserve Cuts Key Rate By Sizable Half-Point, Signaling End To Its Inflation Fight
The Federal Reserve on Wednesday cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame inflation but also made borrowing painfully expensive for American consumers.
Former President Donald Trump Delivers Remarks On The Economy In York, Pennsylvania.
Former President Donald Trump delivers remarks on the economy in York, Pennsylvania.
Federal Reserve Sees Some Progress On Inflation But Envisions Just One Rate Cut This Year
Federal Reserve officials said Wednesday that inflation has fallen further toward their target level in recent months but signaled that they expect to cut their benchmark interest rate just once this year.
North Carolina Voters, Inflation & The Economy
The May inflation report will be released Wednesday morning. If inflation shows more signs of improvement, it could lead to feds eventually cutting interest rates. Inflation has been elevated for more than three years now, and it impacts consumers directly, often shaping their overall view of the economy.
Industries Moving To Rowan County Help To Improve Struggling Economy
Just off I-85 in China Grove sits a glimpse of the future for a county attempting to not repeat the past. The Macy's distribution center is expected to bring around 2,000 jobs to the county.
Catawba County Focused On Attracting Younger Workforce To Help Aging Economy
Census numbers show a mere 2.5% population increase in a three year span. That's 8% less than their smaller but growing neighbor to the south, Lincoln County. On the other side of Lake Norman, Iredell County grew 3x faster.
Federal Reserve Says Interest Rates Will Stay At Two-Decade High Until Inflation Further Cools
The Federal Reserve emphasized that inflation has remained stubbornly high in recent months and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to its 2% target.
Higher Gas And Rents Keep US Inflation Elevated, Likely Delaying Fed Rate Cuts
Consumer inflation remained persistently high last month, boosted by gas, rents, auto insurance and other items, the government said Wednesday in a report that will likely give pause to the Federal Reserve as it considers how often to cut interest rates this year.
US Inflation Up Again In March In Latest Sign That Price Pressures Remain Elevated
Consumer price increases remained high last month, boosted by gas, rents and car insurance, the government said in a report that will likely give pause to the Federal Reserve as it weighs when and by how much to cut interest rates this year.
What's Keeping Egg Prices High For Easter? It's Not Just Inflation
Egg prices are at near-historic highs in many parts of the world as the spring holidays approach, reflecting a market scrambled by disease, high demand and growing costs for farmers.
Federal Reserve Still Foresees 3 Interest Rate Cuts This Year Despite Bump In Inflation
Federal Reserve officials signaled Wednesday that they still expect to cut their key interest rate three times in 2024, fueling a rally on Wall Street, despite signs that inflation remained elevated at the start of the year.
Lower Auto Prices Are Finally Giving Americans A Break After Years Of Inflationary Increases
Price increases for cars and trucks in the United States, which helped fuel inflation for nearly three years, are slowing and in some cases falling, helping cool overall inflation and giving frustrated Americans more hope of finding an affordable vehicle.
Americans' Economic Outlook Brightens As Inflation Slows And Wages Outpace Prices
After an extended period of gloom, Americans are starting to feel better about inflation and the economy.
Booming Economy Leads SC Governor, House To Bigger Tax Cut
Another round of better than anticipated economic news in South Carolina has the Republican governor and House leaders agreeing to work toward a bigger income tax cut than they originally proposed.
US Adds A Strong 379,000 Jobs In Hopeful Sign For Economy
U.S. employers added a robust 379,000 jobs last month, the most since October and a sign that the economy is strengthening as confirmed viral cases drop, consumers spend more and states and cities ease business restrictions.
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