Scott Horsley appears in the following:
Gasoline prices have fallen recently, but experts warn that prices could rise again
Wednesday, August 03, 2022
Gasoline prices have fallen sharply and are now below $4 a gallon in many parts of the country. But analysts warn that prices could tick up again if drivers set aside their newfound gas-saving habits.
The changes the Fed is making in the face of historically high inflation
Monday, July 25, 2022
This week, the Federal Reserve will again decide whether and how much to raise interest rates to try to bring inflation under control.
The Fed's mission improbable: Beating inflation without causing a recession
Sunday, July 24, 2022
Inflation is sky high. The Federal Reserve wants to bring it back to earth without crashing the economy. But achieving a so-called "soft landing" and avoiding a recession is easier said than done.
The overheated U.S. housing market is starting to cool down
Wednesday, July 20, 2022
Anyone looking to buy or sell a home is suddenly facing a very different market. Sales have dropped and once-hot markets are cooling. Home builders have noticed and are rethinking construction plans.
Where is the economy likely to go next?
Sunday, July 17, 2022
Ayesha Rascoe and Scott Horsley speak with economist Austan Goolsbee about what's driving inflation and why so many economic forecasts have been wrong.
Retail sales, inflation and the Fed
Friday, July 15, 2022
Retail spending jumped more than expected in June. But it's not keeping pace with rising prices. In many cases, people are spending more money but getting less in return.
Inflation hit 9.1% in June
Wednesday, July 13, 2022
Inflation hit a new, 40-year high in June, with consumer prices up 9.1% from a year ago. Gas prices were a big part of this, but the cost of essentials like food and shelter are also rising rapidly.
No retreat in the summer heat. Inflation blistering at 9.1% in June
Wednesday, July 13, 2022
Inflation hit a new, four-decade high of 9.1% last month, fueled in part by record high gasoline prices. Gas prices have since fallen, but overall inflation is still elevated.
As everything else in the U.S. economy is down, job numbers are up
Saturday, July 09, 2022
Job gains in June were surprisingly strong, defying gloomy forecasts of a looming recession.
Hiring slipped only slightly in June, with no sign of a looming recession
Friday, July 08, 2022
U.S. employers added 372,000 jobs in June, while the unemployment rate held steady at 3.6%. Despite slightly slower job growth, the labor market remains an economic bright spot.
While job growth has slowed, the labor market remains an economic bright spot
Friday, July 08, 2022
A Labor Department report is expected to show U.S. employers added more than 200,000 jobs in June — a modest slowdown from May. The job market has proven resilient despite high inflation.
Gas prices drop by almost 25 cents per gallon
Wednesday, July 06, 2022
Cost-conscious consumers are getting some relief at the gas pump. After hitting record highs, gas prices have fallen by nearly 25 cents a gallon. But it may be too late to save many summer road trips.
Flying around the world — and back home again — in 'Imagine a City'
Tuesday, July 05, 2022
In a new book, pilot and author of Skyfaring Mark Vanhoenacker takes readers to far-flung cities he once dreamed about during his childhood in western Massachusetts.
The Fed's latest interest rate hike has some congressional lawmakers worried
Friday, June 24, 2022
The chairman of the Federal Reserve acknowledges combating inflation with higher interest rates could lead to a recession. He argues a bigger risk would be to let high inflation become entrenched.
Powell says recession 'a possibility' but not likely
Wednesday, June 22, 2022
Federal Reserve chairman Jerome Powell vowed to bring inflation back down to 2%. Some lawmakers worry the Fed's efforts to control inflation could tip the economy into recession.
Fed chairman will testify before a pair of Congressional committees this week
Wednesday, June 22, 2022
Federal Reserve Chairman Powell answers questions from a Senate committee Wednesday. He's sure to be asked about inflation and possible fallout from the Fed's efforts to bring prices under control.
The Fed delivers biggest interest rate hike in decades to combat surging inflation
Wednesday, June 15, 2022
The Federal Reserve raised interest rates by three-quarters of a percentage point Wednesday in an effort to combat stubbornly high inflation. It's the biggest rate increase in 28 years.
The Fed is expected to raise interest rates to get a grip on rising inflation
Wednesday, June 15, 2022
The Federal Reserve wants to control inflation, and its number-one weapon is higher interest rates. The Fed is expected to announce another sharp jump in borrowing costs on Wednesday.
Prices rose more than expected in May
Friday, June 10, 2022
The rising price of gasoline, groceries and rent has pushed inflation to its highest level in more than four decades. Prices rose even more than expected in May.
Inflation soars to an over 40-year high. These are the ways Americans are coping
Friday, June 10, 2022
Consumers are watching their pennies at the gas station and grocery store as consumer prices surged 8.6% in May, pushing the annual inflation rate to its highest in over 40 years.