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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 rendering of Commonwealth Fusion Systems' planned facility in Chesterfield County. Image courtesy CFS.

Chesterfield planners approve $2.5B+ nuclear fusion plant

The Chesterfield County Planning Commission unanimously recommended approving a permit Commonwealth [...]

Default Alt Text

U.S. Department of Education finds GMU violated civil rights law

George Mason University has been found in violation of civil rights law, the U.S. Department of Educ[...]

Jefferson Lab seeks voluntary 7% workforce reduction

Jefferson Lab seeks voluntary 7% workforce reduction

Jefferson Lab Director Jens Dilling confirmed Thursday that the lab wants 7% of its workforce to agr[...]

Ex-Virginia House Speaker Gilbert resigns as U.S. attorney after 1 month

Ex-Virginia House Speaker Gilbert resigns as U.S. attorney after 1 month

Former speaker of the House of Delegates resigned after a little more than a month as U.S. attorney [...]

Aaron Noble, Virginia Tech professor and department head, (left) and Francisco Haussmann, project superintendent for Aclara Resources, in the Virginia Tech lab Aug. 14, 2025. Photo by Natalee Waters

Mining company partners with Virginia Tech on rare earths plant

Aclara plans to invest $10 million on rare earths separation pilot plant at Virginia Tech to boost U[...]

Mary Washington Healthcare, UMW plan to launch medical school

Mary Washington Healthcare, UMW plan to launch medical school

Mary Washington Healthcare is planning to partner with the University of Mary Washington to launch a[...]

People

Peraton taps new chief growth officer

Peraton taps new chief growth officer

11/8/2025

Thalhimer taps new commercial property services leader

Thalhimer taps new commercial property services leader

5/8/2025

Dollar Tree promotes new chief legal officer

Dollar Tree promotes new chief legal officer

31/7/2025

Regions

Salem manufacturers plan expansions

Salem manufacturers plan expansions

Three advanced manufacturing operations with roots in Salem recently revealed plans to expand facili[...]

Port of Virginia nears finish of $450M dredging project

Port of Virginia nears finish of $450M dredging project

Seven years after the Port of Virginia launched a $450 million dredging project to become the deepes[...]

Trump coal policy changes could boost Southwest Virginia

Trump coal policy changes could boost Southwest Virginia

Southwest Virginia officials say President Donald Trump‘s executive orders aimed at revitalizi[...]

Transco pipeline to expand for Virginia power demand

Transco pipeline to expand for Virginia power demand

In May, Tulsa, Oklahoma-based energy company Williams announced an expansion of its Transcontinental[...]


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