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  • FILE – People shop at a Johnny Was clothing store in the luxury wing at the American Dream shopping mall in East Rutherford, N.J. on Friday, Sept. 17, 2021. The U.S. services sector, where most Americans work, grew again in September even as supply chain troubles persisted. The Institute for Supply Management reported Tuesday, Oct. 5, 2021 that its monthly survey of service industries rose to a reading of 61.9, following August’s reading of 61.7. (AP Photo/Ted Shaffrey, file)Finance

    Inflation matches 13-year-high in September, outpacing workers’ pay gain

    By Christopher Rugaber and The Associated Press
  • In this July 21,2021 photo, a consumer shops at a retail store in Morton Grove, Ill. U.S. consumer spending accelerated in August despite the surge in COVID cases, while the additional demand combined with supply shortages kept inflation high. (AP Photo/Nam Y. Huh)Finance

    U.S. consumer spending went up 0.8% in August despite inflation and surging COVID cases

    By Christopher Rugaber and The Associated Press
  • Federal Reserve Chairman Jerome Powell testifies during a Senate Banking, Housing and Urban Affairs Committee hearing on the CARES Act on Capitol Hill, Tuesday, Sept. 28, 2021 in Washington. Powell is defending the ultra-low interest rate policies he has pursued since the pandemic decimated the economy more than 18 months ago. He acknowledges, however, that inflation has stayed higher for longer than he expected. (Kevin Dietsch/Pool via AP)Finance

    Fed Reserve chair defends low-interest rate policies, says inflation will remain high

    By Christopher Rugaber and The Associated Press
  • Federal Reserve Bank Of Dallas President Robert KaplanFinance

    Two Fed officials to step down after criticism over stock trades

    By Christopher Rugaber and The Associated Press
  • Eric Rosengren, president and chief executive officer of the Federal Reserve Bank of Boston, listens during a Hutchins Center on Fiscal and Monetary Policy event at the Brookings Institution in Washington, D.C., U.S., on Monday, Jan. 8, 2018. The event was entitled Should the Fed Stick with the 2 Percent Inflation Target or Rethink It. Photographer: Andrew Harrer/BloombergFinance

    Boston Federal Reserve president Eric Rosengren retires early citing health reasons

    By Christopher Rugaber and The Associated Press
  • Fed chair Jerome PowellFinance

    Fed chair Powell hears from businesses on supply-chain challenges and worker shortage

    By Christopher Rugaber and The Associated Press
  • Marriott human resources recruiter Mariela Cuevas, left, talks to Lisbet Oliveros, during a job fair at Hard Rock Stadium, Friday, Sept. 3, 2021, in Miami Gardens, Fla. The number of Americans seeking unemployment benefits moved up last week to 332,000 from a pandemic low, a sign that worsening COVID-19 infections may have slightly increased layoffs. Applications for jobless aid rose from 312,000 the week before, the Labor Department said Thursday, Sept. 16. (AP Photo/Marta Lavandier)Finance

    Unemployment claims rise to 332,000 from a pandemic low

    By Christopher Rugaber and The Associated Press
  • Federal Reserve Board Chair Jerome Powell testifies before Senate Banking, Housing, and Urban Affairs hearing to examine the Semiannual Monetary Policy Report to Congress, on Capitol Hill in Washington Thursday, July 15, 2021.(AP Photo/Jose Luis Magana)Finance

    Federal Reserve’s plans to dial back on support are complicated by inflation and a COVID surge

    By Christopher Rugaber and The Associated Press
  • A member of the wait staff works between tables at Four Corners restaurant as people dine outdoors in Chapel Hill, N.C., Friday, April 16, 2021. Prices for U.S. consumers rose in July at the slowest pace since February, a sign that Americans could gain some relief after four months of sharp increases that had elevated inflation to its fastest pace in more than a decade. (AP Photo/Gerry Broome)Finance

    U.S. consumer prices rose at a slower pace in July

    By Christopher Rugaber and The Associated Press
  • A hiring sign is shown in Downers Grove, Ill., Thursday, June 24, 2021. The number of Americans collecting unemployment benefits slid last week, another sign that the job market continues to recover rapidly from the coronavirus recession.<br /> Jobless claims dropped by 24,000 to 400,000 last week, the Labor Department reported Thursday, July 29, 2021. (AP Photo/Nam Y. Huh, File)Finance

    Worker pay rises strongly as businesses compete to attract talent

    By Christopher Rugaber and The Associated Press
  • Federal Reserve Board Chair Jerome Powell testifies before Senate Banking, Housing, and Urban Affairs hearing to examine the Semiannual Monetary Policy Report to Congress, on Capitol Hill in Washington Thursday, July 15, 2021.(AP Photo/Jose Luis Magana)Finance

    Federal Reserve credits improving economy as rates are held near zero

    By Christopher Rugaber and The Associated Press
  • A hiring sign hangs in the window of a Taco Bell in Sacramento, Calif., Thursday, July 15, 2021. Hiring in California slowed down in June as the unemployment rate held steady at 7.7% according to new numbers released on Friday, July 16, 2021 by the Employment Development Department. California gained 73,000 jobs in June, ending the state’s streak of four consecutive months of adding 100,000 jobs or more. But experts say the state is still struggling from a workforce shortage as California has added back just over half of the 2.7 million jobs it lost at the start of the pandemic.(AP Photo/Rich Pedroncelli))Finance

    Unemployment claims rise to 419,000 from a pandemic low

    By Christopher Rugaber and The Associated Press
  • Federal Reserve Board Chairman Jerome Powell testifies on Capitol Hill, Tuesday, June 22, 2021, during a House Coronavirus Subcommittee hearing on the Federal Reserves response the the Coronavirus Pandemic.Finance

    Fed Chair: inflation will remain ‘elevated’ in coming months

    By Christopher Rugaber and The Associated Press
  • Hold For Business—Consumer Prices—A sign displays the price for shirts as a shopper peruses the offerings at a Costco warehouse in this photograph taken Thursday, June 17, 2021, in Lone Tree, Colo. (AP Photo/David Zalubowski)Finance

    U.S. consumer prices jump to the highest since 2008, sparking long term inflation concerns

    By Christopher Rugaber and The Associated Press
  • This May 5, 2021 photo shows hiring signs posted outside a gas station in Cranberry Township, Butler County, Pa. The number of Americans applying for unemployment benefits dropped last week, reported Thursday, June 24, a sign that layoffs declined and the job market is improving. (AP Photo/Keith Srakocic)Finance

    The U.S. added 850,000 jobs in June—an encouraging sign for employers struggling to hire workers

    By Christopher Rugaber and The Associated Press