Scott Horsley appears in the following:
Americans are concerned about their economy, and the global economic outlook is worse
Friday, October 21, 2022
Inflation and fears of a recession are dominating headlines in the U.S., and a series of global crises means that the economic outlook is even more precarious in some other parts of the world.
U.S. factories emerge as a strong point in a weakening economy
Thursday, October 20, 2022
Factories have added 467,000 jobs in the last 12 months, as production jumped to its highest level since 2008. But manufacturing remains a much smaller slice of the U.S. economy than it used to be.
Factory employment is back to pre-pandemic levels, but will it continue to rebound?
Wednesday, October 19, 2022
U.S. factories ramped up production, adding 22-thousand workers in September. Factory employment is back to pre-pandemic levels, but it's not likely to rebound to what it was in the last century.
Due to inflation, Social Security recipients will get a cost-of-living adjustment
Thursday, October 13, 2022
Inflation remained high last month, with consumer prices rising 8.2% in September from a year earlier. To keep pace with inflation, Social Security recipients will get a cost-of-living adjustment.
Inflation in September was 8.2%. That means retirees will get an 8.7% raise next year
Thursday, October 13, 2022
Retirees and others who rely on Social Security will see a large boost in benefits next year. The average benefit will increase by $141 per month, to keep pace with high inflation.
This years Nobel Prize in economics was awarded for work on preventing bank runs
Monday, October 10, 2022
Former Federal Reserve chairman Ben Bernanke was awarded the Nobel Prize in economics, along with economists Douglas Diamond and Philip Dybvig for their work on bank runs and how to prevent them.
Ben Bernanke among 3 American winners of Nobel Prize in economics
Monday, October 10, 2022
Former Federal Reserve chairman Ben Bernanke and two academic economists — Douglas Diamond and Philip Dybvig — share this year's Nobel Prize in economics for their work on bank runs.
3 economists win Nobel Prize in economic sciences for work on banks, financial crises
Monday, October 10, 2022
The Nobel panel at the Royal Swedish Academy of Sciences in Stockholm has announced the winners for the Nobel Memorial Prize in Economic Sciences are Ben Bernanke, Douglas Diamond and Philip Dybvig.
Gas prices are likely to rise more as OPEC and Russia announce production cut
Saturday, October 08, 2022
Gas prices are likely to climb higher as OPEC and Russia announce a production cut, adding fuel to the inflation fire even as the job market shows signs of cooling down.
U.S. employers added 263,000 jobs in September
Friday, October 07, 2022
U.S. employers added 263,000 jobs in September — a modest slowdown from August. The job market is still tight, though, as the unemployment rate dipped to 3.5%.
Stocks sink despite Friday's report that hiring cooled in September
Friday, October 07, 2022
A new jobs report showed a modest slowdown in hiring last month that was not enough to soothe Wall Street's worries about inflation and the Fed. The unemployment rate edged down to 3.5%
OPEC is trying to prop up oil prices as global demand slows down
Wednesday, October 05, 2022
OPEC and its allies plan to slash oil output by 2 million barrels a day to prop up oil prices. Gasoline prices are rising again in the U.S., but the effects vary in different parts of the country.
Americans' incomes rose last month, but spending — due to inflation — grew faster
Friday, September 30, 2022
A new inflation report shows prices rose more than expected last month. The Federal Reserve is likely to keep raising interest rates in an effort to curb demand and bring inflation under control.
Memories of the 1970s haunt the Fed, pushing its aggressive rate moves
Thursday, September 29, 2022
The Federal Reserve is cracking down hard on inflation, in hopes of avoiding a repeat of the 1970s, when price hikes were so sustained, they got baked in to people's thinking.
The Fed has pushed interest rates high because it doesn't want to repeat the 1970s
Wednesday, September 28, 2022
Inflation watchdogs are acting to rein in runaway prices. They're hoping to avoid a re-run of the 1970s, when inflation went unchecked for so long it became harder to get prices under control.
Women are returning to (paid) work after the pandemic forced many to leave their jobs
Wednesday, September 28, 2022
The number of women in the workforce has finally returned to pre-pandemic levels, which is good for the economy. But after time away from the job market some women are reassessing their priorities.
Women are back in the workforce after leaving to caretake during the pandemic
Tuesday, September 27, 2022
Women left the workforce in large numbers early in the pandemic. Many of those women are now back on the job, easing concerns of lasting damage to their participation in the labor market.
Raising interest rates is a lesson Powell learned from former Fed chair Paul Volcker
Thursday, September 22, 2022
The Federal Reserve is hitting the brakes on the U.S. economy in an effort to bring inflation under control. The central bank is raising interest rates at the fastest pace since the early 1980s.
Fed orders another super-sized interest rate hike as it battles stubborn inflation
Wednesday, September 21, 2022
The Federal Reserve raised interest rates by another 0.75 percentage points today, as it tries to control runaway prices. The central bank also signaled that additional rate hikes are likely.
Americans are paying more and getting less as inflation hits home
Friday, September 16, 2022
Rising inflation has meant fewer restaurant meals, getaways and even doctor visits for many Americans, as nearly 4 in 10 say their family finances have gotten worse in the last year.