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- People wear face masks as they shop at the Nordstrom Local DTLA downtown Los Angeles on Tuesday, March 15, 2022. Inflation is at a 40-year high. Stock prices are sinking. The Federal Reserve is making borrowing much costlier. Home sales are down, and mortgage rates are up. And the economy actually shrank in the first three months of this year. Is the United States at risk of enduring another recession, just two years after emerging from the last one? For now, even the more pessimistic economists don’t foresee any imminent downturn, at least not before next year. (AP Photo/Damian Dovarganes)
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EXPLAINER: Just how high is the risk of another recession?
By CHRISTOPHER RUGABER - AP Economics Writer
Tue,06/14/22-12:26PM , 449 Reads
WASHINGTON (AP) — Inflation is at a 40-year high. Stock prices are sinking. The Federal Reserve has just made borrowing even costlier. And the economy actually shrank in the first three months of this year.

Is the United States at risk of enduring another recession, just two years after emerging from the last one?
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- Bags of Pistachios are displayed at a grocery store in Mount Prospect, Ill., on, April 1, 2022. Consumer prices surged 8.6% last month from 12 months earlier, faster than April’s year-over-year surge of 8.3%, the Labor Department said Friday, June 10, 2022. (AP Photo/Nam Y. Huh)
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US inflation at new 40-year high as price increases spread
By CHRISTOPHER RUGABER - AP Economics Writer
Thu,06/09/22-6:02PM , 737 Reads
WASHINGTON (AP) — The prices of gas, food and most other goods and services jumped in May, raising inflation to a new four-decade high and giving American households no respite from rising costs.
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- A hiring sign is displayed at a restaurant in Schaumburg, Ill., April 1, 2022. The white-hot demand for U.S. workers cooled a bit in April, though the number of unfilled jobs remains high and companies are still desperate to hire more people. Employers advertised 11.4 million jobs at the end of April, the Labor Department said Wednesday, June 1, 2022 down from nearly 11.9 million in March, the highest level on records that date back 20 years. (AP Photo/Nam Y. Huh, file)
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More job gains point to a solid economy and Fed rate hikes
By CHRISTOPHER RUGABER - AP Economics Writer
Thu,06/02/22-6:47PM , 164 Reads
WASHINGTON (AP) — U.S. employers added 390,000 jobs in May, extending a streak of solid hiring that has bolstered an economy under pressure from high inflation and rising interest rates.
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- Gasoline prices are displayed outside a convenience store as a motorist drives by, Thursday, May 26, 2022, in Thornton, Colo. Experts are expecting a flush of travelers at airports and on the nation's byways during the long Memorial Day weekend, which marks the start of the summer travel season, in spite of high fuel costs. (AP Photo/David Zalubowski)
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Key inflation gauge slowed to still-high 6.3% over past year
By CHRISTOPHER RUGABER - AP Economics Writer
Fri,05/27/22-7:38AM , 238 Reads
An inflation gauge closely tracked by the Federal Reserve rose 6.3% in April from a year earlier, the first slowdown since November 2020 and a sign that high prices may finally be moderating, at least for now.
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