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WASHINGTON (AP) — Inflation jumped at its fastest pace in nearly 40 years last month, a 7% spike from a year earlier that is increasing household expenses, eating into wage gains and heaping pressure on President Joe Biden and the Federal Reserve to address what has become the biggest threat to the U.S.
WASHINGTON (AP) — At first, it didn’t even register as a threat. Then it seemed like a temporary annoyance.
Now, inflation is flashing red for the Federal Reserve's policymakers — and delivering sticker shock to Americans at the used car lot, the supermarket, the gas station, the rental office.
WASHINGTON (AP) — The Federal Reserve said Wednesday that the economy was growing at a modest pace at the end of 2021 but was still being held back by ongoing supply-chain disruptions and labor shortages.
WASHINGTON (AP) — The federal government last month posted its smallest monthly budget deficit in two years thanks to a rebounding economy that helped boost tax receipts, coupled with slower spending as some COVID relief programs ended.
TOKYO (AP) — The Japanese minister responsible for containing COVID-19 while steering the world’s third largest economy toward growth says he is confident he can carry out that precarious “balancing act.”
INDIANAPOLIS (AP) — Indiana Gov. Eric Holcomb extolled the state’s economic expansion amid the COVID-19 pandemic during the annual State of the State speech Tuesday night while saying many challenges remain from the ongoing health crisis.
WASHINGTON (AP) — Warning that high inflation could make it harder to restore the job market to full health, Federal Reserve Chair Jerome Powell said Tuesday that the Fed will raise interest rates faster than it now plans if needed to stem surging prices.
WASHINGTON (AP) — The World Bank is downgrading its outlook for the global economy, blaming continuing outbreaks of COVID-19, a reduction in government economic support and ongoing bottlenecks in global supply chains.
VILNIUS, Lithuania (AP) — Taiwan will set up a $1 billion credit program aimed at funding projects by Lithuanian and Taiwanese companies amid economic pressure from China over an office that the island opened in the European Union country, Lithuanian officials said Tuesday.
LONDON (AP) — Cyberthreats and the growing space race are emerging risks to the global economy, adding to existing challenges posed by climate change and the coronavirus pandemic, the World Economic Forum said in a report Tuesday.
WASHINGTON (AP) — Federal Reserve Vice Chair Richard Clarida said Monday that he will step down on Friday, the third Fed official to resign after a trading scandal at the central bank that involved potential conflicts of interest.
WASHINGTON (AP) — With inflation surging, unemployment falling and wages rising, some economists are warning that the Federal Reserve may have waited too long to reverse its ultra-low-rate policies — a delay that could put the economy at heightened risk.
WASHINGTON (AP) — Heading into a critical midterm election year, the top political concerns of Americans are shifting in ways that suggest Democrats face considerable challenges to maintaining their control of Congress.
The United States staggered through a steady onslaught of deadly billion-dollar weather and climate disasters in an extra hot 2021, while the nation’s greenhouse gas emissions last year jumped 6% because of surges in coal and long-haul trucking, putting America further behind its 2030 climate change cutting goal.
BERLIN (AP) — Germany is blaming the collapse of a shipyard business on its Malaysia-based owner Genting Group, saying the conglomerate refused to contribute to a government bailout plan.
The MV Werften shipyard in northeastern Germany, which Genting bought in 2016, filed for bankruptcy protection Monday after getting into financial difficulties over the construction of a massive cruise liner.
BEIJING (AP) — Foreign ministers from Saudi Arabia and other Middle Eastern states are visiting China this week for meetings with officials from the world’s second largest economy, a leading consumer of oil and source of foreign investment.
ALBANY, N.Y. (AP) — Millions of New Yorkers should expect tax relief, thanks to the next state budget, but it’s far from clear how the state will use billions in rising tax revenues this year.
Any big spending increases will depend in part on the fine print in Gov.
SABANETA, Venezuela (AP) — Nancy Mora yearns for the affection she says late Venezuelan President Hugo Chávez showed his people. She touches her heart when she talks about the man she still calls her president and believes the revolution he started will continue as long as self-proclaimed Chavistas like her are alive.
COLUMBIA, S.C. (AP) — South Carolina lawmakers return to Columbia on Tuesday with a lot of money to spend.
BOISE, Idaho (AP) — With the state sitting on a pile of cash, Idaho Republican Gov. Brad Little and Democratic and Republican leaders in the House and Senate talked tax cuts on Friday, but also prudence.
WASHINGTON (AP) — The nation's unemployment rate fell in December to a healthy 3.9% — a pandemic low — even as employers added a modest 199,000 jobs, evidence that they are struggling to fill jobs with many Americans reluctant to return to the workforce.
BEIJING (AP) — China’s lockdowns of big cities to fight coronavirus outbreaks are prompting concern about more disruptions to global industries after two makers of processor chips said their factories were affected.
WASHINGTON (AP) — The number of Americans applying for unemployment benefits rose last week but remained at historically low levels, suggesting that the job market remains strong.
U.S. jobless claims rose by 7,000 last week to 207,000.
WASHINGTON (AP) — The U.S. job market is nearly healthy enough that the central bank's low-interest rate policies are no longer needed, Federal Reserve officials concluded last month.
Fed officials also expressed concerns in minutes from its December meeting, released Wednesday, that surging inflation was spreading into more areas of the economy and would last longer than they previously expected.
VILNIUS, Lithuania (AP) — Taiwan is creating an investment fund and planning other measures to help Lithuania as it faces major economic pressure from China for allowing the island to open a representative office in the European Union country, Taiwanese officials said Wednesday.
FRANKFURT, Germany (AP) — OPEC and allied oil-producing countries decided Tuesday to pump more oil to the world economy amid hope that travel and demand for fuel will hold up despite the rapid spread of the omicron variant of COVID-19.
BEIJING (AP) — Asian stock markets were mixed Monday on 2022′s first trading day after Wall Street ended last year with a double-digit gain.
Hong Kong retreated while Seoul gained. Markets in Japan, China and Australia were closed.
SEOUL, South Korea (AP) — North Korean leader Kim Jong Un vowed to further bolster his military capability, maintain draconian anti-virus measures and push hard to improve the economy during a speech at a key political conference this week, state media reported Saturday.
WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell below 200,000, more evidence that the job market remains strong in the aftermath of last year's coronavirus recession.
PARALIMNI, Cyprus (AP) — Many well-off Lebanese who escaped their country’s economic tailspin for a new life in the nearby island nation of Cyprus say the transition has been a whirlwind of emotions.
TOKYO (AP) — Asian shares mostly slipped Wednesday, as worries lingered about the coronavirus omicron variant's potential damage to the regional economy following mixed cues from Wall Street.
Japan's benchmark Nikkei 225 lost 0.9% in morning trading to 28,809.86.

