Scott Horsley
Stories
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National
Many say it's a bad time to buy a house. So who's still going for it?
85% of Americans say it's a "bad time" to buy a house. So who's still buying in the current market? An annual survey from the National Association of Realtors offers some insight.
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Business
The 'R' word: Why this time might be an exception to a key recession rule
The author of the 'Sahm Rule' is less worried about rising unemployment this time, even though October's rate was up 0.5% from a recent low...a jump typically associated with the onset of recession.
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Business
Job growth slowed last month, partly over the impact of the UAW strikes
The U.S. added 150,000 jobs last month, slowing down from the blistering pace seen in September. The drop was partly the result of an unprecedented autoworkers' strike.
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Business
The Fed held interest rates steady — but the fight against inflation is not over yet
The Federal Reserve left interest rates unchanged Wednesday, but left the door open to additional rate hikes in the future, if necessary, to curb inflation.
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Business
The Fed is not ready to declare victory in its long-running battle against inflation
The Federal Reserve is expected to hold interest rates steady on Wednesday. But with inflation still elevated, policymakers may leave the door open to an additional rate hike in the future.
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National
Striking autoworkers reach tentative deals with all of the big 3 automakers
General Motors has reached a tentative deal with striking autoworkers. GM is the last of the Detroit carmakers to reach a settlement — potentially ending a six-and-a-half week strike.
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Politics
5 things to know about a stunning week for the economy
The U.S. economy continues to defy gravity, growing rapidly despite high interest rates. Consumer spending is powering the expansion, but it's not clear how long that can last.
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Business
The U.S. economy posted stunning growth in the third quarter — but it may not last
Gross domestic product surged from July to September as Americans opened their wallets big time, but there are doubts about how long this blistering pace of growth can last.
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Business
The U.S. economy is humming. So why are Americans so grumpy about it?
Rising interest rates haven't slowed the economy. GDP numbers out Thursday are expected to show the economy grew more than twice as fast in July, August and September as in the previous quarter.
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Business
Why the average American family's net worth increased 37% during the pandemic
A new survey from the Federal Reserve finds that family finances overall improved in recent years, despite the economic upheaval caused by the pandemic.