Christopher Rugaber, The Associated Press

Christopher Rugaber is a reporter with The Associated Press, an American not-for-profit news agency headquartered in New York City and founded in 1846.

U.S. inflation slowed in December

Economic Indicators

U.S. inflation slowed in December

The latest data suggests the American economy is achieving a difficult “soft landing”

By Christopher Rugaber, The Associated Press |January 26, 2024

1 min read

Top Federal Reserve official says inflation fight seems nearly won, with rate cuts coming

Policy

Top Federal Reserve official says inflation fight seems nearly won, with rate cuts coming

Member of the Fed's board of governors noted that inflation is slowing even as growth and hiring remain solid

By Christopher Rugaber, The Associated Press |January 16, 2024

1 min read

Fed keeps key interest rate unchanged

Policy

Fed keeps key interest rate unchanged

Central bank foresees three rate cuts next year

By Christopher Rugaber, The Associated Press |December 13, 2023

1 min read

Solid U.S. hiring lowers unemployment rate in latest sign of a still-sturdy job market

Economic Indicators

Solid U.S. hiring lowers unemployment rate in latest sign of a still-sturdy job market

Employers are finding it easier to hire, with fewer complaints of worker shortages and less pressure to raise pay

By Christopher Rugaber, The Associated Press |December 8, 2023

1 min read

Fed’s Powell notes inflation is easing but says further progress is needed

Policy

Fed’s Powell notes inflation is easing but says further progress is needed

Federal Reserve expected to hold interest rates at December meeting

By Christopher Rugaber, The Associated Press |December 1, 2023

1 min read

Federal Reserve’s preferred inflation gauge shows price pressures continuing to cool

Economic Indicators

Federal Reserve’s preferred inflation gauge shows price pressures continuing to cool

U.S. prices were unchanged from September to October

By Christopher Rugaber, The Associated Press |November 30, 2023

1 min read

U.S. consumer inflation eased in October

Economic Indicators

U.S. consumer inflation eased in October

Cheaper gas slowed overall price increases

By Christopher Rugaber, The Associated Press |November 14, 2023

1 min read

Moody’s lowers U.S. credit outlook but keeps triple-A rating

Economy

Moody’s lowers U.S. credit outlook but keeps triple-A rating

Biden administration criticizes the Moody's decision, insisting the American economy remains strong

By Christopher Rugaber, The Associated Press |November 13, 2023

1 min read

Powell reinforces Fed’s cautious approach to more interest rate hikes

Policy

Powell reinforces Fed’s cautious approach to more interest rate hikes

Still, the Federal Reserve chair didn't rule out another increase

By Christopher Rugaber, The Associated Press |November 9, 2023

1 min read

Fed leaves key short-term interest rate unchanged

Policy

Fed leaves key short-term interest rate unchanged

Leaves the door open to further rate hikes if inflation pressures should accelerate in the months ahead

By Christopher Rugaber, The Associated Press |November 1, 2023

1 min read

Decorative pattern

Policy

Surge in interest rates and a cloudier economic picture to keep Federal Reserve on sidelines

Economists estimate that sharp losses in the stock and bond markets will have a depressive effect on the economy

By Christopher Rugaber, The Associated Press |October 31, 2023

1 min read

U.S. economic growth accelerated to strong 4.9% rate in Q3

Economic Indicators

U.S. economic growth accelerated to strong 4.9% rate in Q3

The result came amid higher prices and interest rates

By Christopher Rugaber, The Associated Press |October 26, 2023

1 min read

Net worth of typical U.S. household surges

Economic Indicators

Net worth of typical U.S. household surges

Wealth for the median household jumped 37% from 2019 to 2022, helping to sustain economic growth

By Christopher Rugaber, The Associated Press |October 18, 2023

1 min read

Decorative pattern

Economic Indicators

U.S. inflation grinds lower in September

But prices continue to rise faster than is consistent with the Fed's 2% target

By Christopher Rugaber, The Associated Press  and  The Associated Press |October 12, 2023

1 min read

Higher gas prices lift inflation gauge but underlying price pressures remain mild

Economic Indicators

Higher gas prices lift inflation gauge but underlying price pressures remain mild

Latest report raises speculation that the Fed will leave interest rates unchanged at its next meeting

By Christopher Rugaber, The Associated Press |September 29, 2023

1 min read

Fed keeps rates unchanged but signals likelihood of another hike this year to fight inflation

Economic Indicators

Fed keeps rates unchanged but signals likelihood of another hike this year to fight inflation

Policymakers made clear Wednesday that they aren't close to declaring victory over the worst bout of inflation in 40 years

By Christopher Rugaber, The Associated Press |September 20, 2023

1 min read

Three officials sworn in at Federal Reserve

Economic Indicators

Three officials sworn in at Federal Reserve

Governing board reaches full strength with Biden appointees

By Christopher Rugaber, The Associated Press |September 13, 2023

1 min read

High gas prices push up inflation, but prices overall are slowly moving in the right direction

Economic Indicators

High gas prices push up inflation, but prices overall are slowly moving in the right direction

Decline in the core measure points to inflation coming under control

By Christopher Rugaber, The Associated Press |September 13, 2023

1 min read

Powell at Jackson Hole: Economy’s solid growth could dictate additional rate hikes

Economic Indicators

Powell at Jackson Hole: Economy’s solid growth could dictate additional rate hikes

Reiterates the central bank's determination to keep its benchmark rate elevated until inflation falls to 2% target

By Christopher Rugaber, The Associated Press |August 25, 2023

1 min read

With U.S. economy still humming, are we facing higher-for-longer interest rates?

Economic Indicators

With U.S. economy still humming, are we facing higher-for-longer interest rates?

As central bankers gather at Jackson Hole conference this week, speeches will be scrutinized for hints

By Christopher Rugaber, The Associated Press |August 23, 2023

1 min read

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