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Home>CHRISTOPHER RUGABER AP Economics Writer

CHRISTOPHER RUGABER AP Economics Writer

Recent Articles from CHRISTOPHER RUGABER AP Economics Writer

US inflation cools and Americans step up spending as they brace for tariff impact
Around The Nation April 30, 2025

US inflation cools and Americans step up spending as they brace for tariff impact

Inflation slowed to 2.3% in March while consumer spending jumped, especially on cars, ahead of Trump's tariffs. Fed expected to hold interest rates.

US consumer confidence plunges to lowest in 5 years on tariff worries
Around The Nation April 29, 2025

US consumer confidence plunges to lowest in 5 years on tariff worries

Consumer confidence in the U.S. fell for a fifth straight month, hitting the lowest level since 2020 amid rising tariff concerns and recession fears.

FILE - In this July 31, 2019, file photo, Federal Reserve Chairman Jerome Powell speaks during a news conference following a two-day Federal Open Market Committee meeting in Washington. (AP Photo/Manuel Balce Ceneta, File)
Around The Nation April 21, 2025

Trump renews attack on Federal Reserve Chair Powell

WASHINGTON (AP) — President Donald Trump repeated his attacks Monday against the chair of the Federal Reserve, demanding that the central bank lower its key interest rate to boost the economy. Trump called Jerome Powell “a major loser” and said that energy and grocery prices are “substantially lower” and “there is virtually No Inflation.” Yet Trump said the […]

Powell says Federal Reserve can wait on any interest rate moves
Around The Nation April 16, 2025

Powell says Federal Reserve can wait on any interest rate moves

WASHINGTON (AP) — The Federal Reserve can stay patient and wait to see how tariffs and other economic policies of the Trump administration play out before making any changes to interest rates, Chair Jerome Powell said Wednesday. “For the time being, we are well positioned to wait for greater clarity” on the impact of policy changes in […]

Will the tariffs lead to a recession? Here’s how to know if we’re in one
Around The Nation April 8, 2025

Will the tariffs lead to a recession? Here’s how to know if we’re in one

WASHINGTON (AP) — President Donald Trump’s sharp tariff hikes last week have sent the stock market into a tailspin, raised alarm bells among Wall Street executives, and heightened many economists’ worries that the U.S. could tip into recession. The tariffs, set to take effect Wednesday, include a 10% blanket duty on nearly all countries and additional import taxes on […]

Federal Reserve chief says Trump tariffs likely to raise inflation and slow US economic growth
Around The Nation April 4, 2025

Federal Reserve chief says Trump tariffs likely to raise inflation and slow US economic growth

ARLINGTON, Va. (AP) — The Trump administration’s expansive new tariffs will likely lead to higher inflation and slower growth, and the Federal Reserve will focus on keeping price increases temporary, Fed Chair Jerome Powell said Friday. Powell said that the tariffs, and their likely impacts on the economy and inflation, are “significantly larger than expected.” He also said [&hellip[...]

Trump’s tariff push is a race against time, and potential voter backlash
Around The Nation April 3, 2025

Trump’s tariff push is a race against time, and potential voter backlash

WASHINGTON (AP) — President Donald Trump’s expansive new tariff regime flips on its head a decades-long global trend of lower trade barriers and is likely, economists say, to raise prices for Americans by thousands of dollars each year while sharply slowing the U.S. economy. The White House is gambling that other countries will also suffer enough pain […]

Unsold 2025 Countryman utility vehicles sit on display at a Mini dealership Sunday, March 23, 2025, in Highlands Ranch, Colo. (AP Photo/David Zalubowski)
Around The Nation March 28, 2025

US consumers remained cautious about spending last month as inflation ticked higher

WASHINGTON (AP) — Inflation picked up last month and consumers barely raised their spending, signs that the economy was already cooling even before most tariffs were imposed. Friday’s report from the Commerce Department showed that consumer prices increased 2.5% in February from a year earlier, matching January’s annual pace. Excluding the volatile food and energy categories, cor[...]

Federal Reserve Chair Jerome Powell speaks during the annual U.S. Monetary Policy Forum, in New York, Friday, March 7, 2025. (AP Photo/Richard Drew),
Top Stories March 19, 2025

Federal Reserve keeps interest rate unchanged, sees slower growth, slightly higher inflation ahead

WASHINGTON (AP) — The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year, though more policymakers forecast fewer cuts. The Fed also now expects the economy to grow more slowly this year and next than it did three months ago, according to a […]

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Top Stories

A photo of a Leidos sign and a glass covered building.

Leidos acquires Chantilly AI tech biz for $300M

Reston-based federal contractor Leidos announced Wednesday it has acquired Kudu Dynamics, a business[...]

The former Best Products property in Henrico County. Photo courtesy Henrico County

Henrico issues new RFI for arena project

Following the collapse of the $2.3 billion GreenCity project in March, Henrico County on Tuesday rel[...]

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Booz Allen CEO says 7% of employees to be laid off

McLean-based Fortune 500 management consulting business Booz Allen Hamilton will lay off 7% of its 3[...]

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House GOP passes Trump tax bill despite deficit fears

House Republicans push through Trump’s tax bill after all-night session, despite CBO warning it co[...]

U.S. Rep. Gerry Connolly, D-Fairfax. Photo courtesy Connolly's office

Virginia congressman dies from cancer

U.S. Rep. Gerry Connolly, a nine-term Democrat representing Virginia's 11th congressional district, [...]

Richmond Fed President and CEO Tom Barkin spoke at the Investing in Rural America Conference in Roanoke on May 20, 2025. Photo by Joseph Minick/Federal Reserve Bank of Richmond

Barkin: Affordable housing key to rural economic growth

Richmond Fed President and CEO Tom Barkin said affordable housing and workforce investment are drivi[...]

People

The Charlottesville Regional Chamber of Commerce has promoted Andrea Copeland to president and permanent CEO. Photo courtesy Charlottesville Regional Chamber of Commerce

Charlottesville Chamber announces new president and CEO

28/5/2025

Clinton R. Hayes, incoming president of Southwest Virginia Community College. Photo courtesy Virginia Community College System

Southwest Virginia Community College president appointed

23/5/2025

Troy Dillow has been named Choice Financial Group's president and chief operating officer. Photo Courtesy Choice Financial Group.

Choice Financial announces new president, mid-Atlantic leader

23/5/2025

Regions

A construction worker made of Lego bricks. Photo by Kira Jenkins/Virginia Business

Lego to build $366M Prince George County warehouse

Lego will invest $366 million in a new warehouse in Prince George County, creating an estimated 305 [...]

Companies sue over Valley medical marijuana permit

Companies sue over Valley medical marijuana permit

Seven businesses are suing Virginia over a disputed medical marijuana permit in the Shenandoah Valle[...]

Heard Around Virginia and the nation

Heard Around Virginia May 2025

A roundup of monthly business news from regions across Virginia including Central Virginia, Northern[...]

New law to reduce Appalachian Power rates

New law to reduce Appalachian Power rates

Virginia passes the APCo Rate Reduction Act, cutting electric bills for Appalachian Power customers [...]


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