All eyes on new inflation report as prices rise l GMA
Rebecca Jarvis reports on the latest inflation data and what it signals about the health of the U.S. economy. READ MORE: https://abcn.ws/3yvcCqP #ABCNews #Inflation #CPI #USEconomy #InflationReport
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Gas prices rise despite strategic measures l GMA
Diesel prices have reached an all-time high of $5.54 per gallon, and economists expect prices to keep climbing. #ABCNews #GasPrices #DieselPrices
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News Wrap: April jobs report shows hiring still strong despite inflation
In our news wrap Friday, April’s jobs report shows the U.S. gained 428,000 net jobs despite inflation, supply shortages and rising interest rates. Also, Republican Rep. Marjorie Taylor Greene will be allowed to seek reelection, the Irish nationalist party Sinn…
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Federal Reserve implements largest interest rate hike since 2000
The Federal Reserve raised interest rates again Wednesday in an effort to stamp down surging inflation. It increased rates by a half-percentage point, a move that will affect the pocketbooks of millions of Americans. Fed Chair Jerome Powell said more…
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How one Michigan family is trying to stay afloat amid historic inflation
Prices in the U.S. are climbing at their fastest rates in 40 years, up more than 8 percent from 2021. But for many families across the country that number is more than a data point. We take a look at…
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A divided Congress grapples with rising gas prices, COVID relief and immigration
Lawmakers returned to Capitol Hill this week and were met with a growing list of legislative items to tackle. From funding for Ukraine to more COVID relief, there’s a lot they’re hoping to accomplish before the legislative calendar is upended…
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As the U.S. economy slows down, fears of a possible recession grow
The U.S. economy is showing troubling signs as the Commerce Department Thursday announced it shrank at an annual rate of 1.4 percent in the year’s first quarter, something that had not happened since the pandemic recession hit in 2020. Inflation…
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News Wrap: Moderna seeks FDA approval for its Covid vaccine for children under 6
In our news wrap Thursday, Moderna filed for FDA authorization of its Covid-19 vaccine for children under the age of 6, Oklahoma lawmakers gave final approval to ban abortions after six weeks of pregnancy, new research warns thousands of new…
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