WASHINGTON (AP) — A humming American economy ended 2024 on a solid note with consumer spending continuing to drive growth, and ahead of what could be a significant change in direction under a Trump administration. The Commerce Department reported Thursday that gross domestic product — ...
WASHINGTON (AP) — An inflation gauge closely watched by the Federal Reserve rose slightly last month, while some underlying price pressures showed signs of easing. The latest inflation figures arrive as President Donald Trump has threatened to impose big import taxes on goods from Canada and Mexico, potentially affecting everything from autos to avocados, which could push prices higher in the coming months. Friday’s report from the Commerce Department showed that consumer prices rose 2.6% in December from a year earlier, up from a 2.4% annual pace in November and the third ...
LOCK HAVEN — Surrounded by family, friends, local officials and members of the community, Michele Briggs — owner of Luxe and Lace — cut a ceremonial ribbon and marked the official grand opening of her bridal boutique in downtown Lock Haven on Friday morning. Prior to cutting the ...
WILLIAMSPORT — All of the protests, the court appearances and the fight to justify what they claimed were unjust job terminations have paid off for hundreds of workers at the former Shop-Vac Corp., the wet/dry vacuum manufacturer in Williamsport. This week, U.S. Middle District Court ...
WASHINGTON (AP) — The International Monetary Fund expects the world economy to grow a little faster and inflation to keep falling this year. But it warned that the outlook is clouded by President-elect Donald Trump’s promises to slash U.S. taxes, impose tariffs on foreign goods, ease regulations on businesses and deport millions of immigrants working illegally in the United States. The Washington-based lending agency expects the world economy to grow 3.3% this year and next, up from 3.2% in 2024. The growth is steady but unimpressive: From 2000 to 2019, the world economy grew ...
WASHINGTON (AP) — U.S. wholesale inflation rose last month on higher energy prices. The Labor Department reported Tuesday that its producer price index — which tracks inflation before it hits consumers — rose 0.2% last month from November, down from a 0.4% gain the month before. Compared to a year earlier, producer prices rose 3.3%, biggest jump since February 2023 and up from a 3% gain in November. A 3.5% November-to-December increase in energy prices — led by a 9.7% increase in gasoline prices — pushed the overall index higher. Food prices dipped 0.1% in ...
