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Roberto Torres, owner of the Blind Tiger Cafe gestures during an interview Wednesday, Jan. 10, 2024, in Tampa, Fla. (AP Photo/Chris O'Meara)

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From housing to energy to food, US inflation picks up, though some costs rise only mildly
By PAUL WISEMAN - AP Economics Writer
Wed,01/10/24-5:35PM , 69 Reads
WASHINGTON (AP) — Higher energy and housing prices boosted overall U.S. inflation in December, a sign that the Federal Reserve's drive to slow inflation to its 2% target will likely remain a bumpy one.
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Workers walk among shipping containers at a BNSF intermodal terminal, Wednesday, Jan. 3, 2024, in Edgerton, Kan. On Friday, the U.S. government issues its December jobs report. (AP Photo/Charlie Riedel)

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US employers add a surprisingly strong 216,000 jobs in a sign of continued economic strength
By PAUL WISEMAN - AP Business Writer
Thu,01/04/24-5:13PM , 118 Reads
WASHINGTON (AP) — The nation’s employers added a robust 216,000 jobs last month, the latest sign that the American labor market remains resilient even in the face of sharply higher interest rates.
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Federal Reserve's favored inflation gauge tumbles in November as prices continue to ease
By PAUL WISEMAN - AP Economics Writer
Fri,12/22/23-7:36AM , 155 Reads
WASHINGTON (AP) — The Federal Reserve’s preferred measure of prices fell last month, another sign that inflation is easing and that Americans should benefit from reduced interest rates and get relief from painful price shocks in 2024.
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U.S. President Joe Biden, right, stands with Chinese President Xi Jinping before a meeting on the sidelines of the G20 summit on Nov. 14, 2022, in Bali, Indonesia. When Washington and Beijing do economic battle – as they have for five years now – the rest of the world suffers, too. And when they hold a top-level summit – as Biden and Xi will this week – the rest of the world pays attention. (AP Photo/Alex Brandon, File)

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A fragile global economy is at stake as US and China seek to cool tensions at APEC summit
By PAUL WISEMAN - AP Economics Writer
Sat,11/11/23-9:16PM , 89 Reads
WASHINGTON (AP) — The United States and China are the two global economic heavyweights. Combined, they produce more than 40% of the world's goods and services.
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