Scott Horsley
Scott Horsley is NPR's Chief Economics Correspondent. He reports on ups and downs in the national economy as well as fault lines between booming and busting communities.
Horsley spent a decade on the White House beat, covering both the Trump and Obama administrations. Before that, he was a San Diego-based business reporter for NPR, covering fast food, gasoline prices, and the California electricity crunch of 2000. He also reported from the Pentagon during the early phases of the wars in Iraq and Afghanistan.
Before joining NPR in 2001, Horsley worked for NPR Member stations in San Diego and Tampa, as well as commercial radio stations in Boston and Concord, New Hampshire. Horsley began his professional career as a production assistant for NPR's Morning Edition.
Horsley earned a bachelor's degree from Harvard University and an MBA from San Diego State University. He lives in Washington, D.C.
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The Federal Reserve is expected to hold its benchmark interest rate steady Wednesday. But investors think a rate hike in December is likely, as the central bank tries to tamp down inflation.
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Higher energy prices, tied to the U.S. war with Iran, are driving up the overall cost-of-living. The Labor Department is set to deliver its latest inflation report this morning.
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Two Americans have won the Nobel Prize in economics for their work on how to smooth boom-and-bust cycles to limit unemployment and inflation. -
People who lose their jobs in this economy are taking longer to find new work. Nearly four in ten people exhaust their unemployment benefits before they land a new job. -
The Labor Department offered an update Friday on the strength of the U.S. job market. The news comes as long-term interest rates have been climbing.
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Bond yields rose this week pushing mortgage rates above 7 percent. That's another big challenge for the already limping US housing market.
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As the fall harvest gets underway, many farmers are in the red. While crop prices have improved somewhat since last year, operating costs have increased, led by record high diesel prices.
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The Federal Reserve raised its benchmark interest rate Wednesday to combat stubborn inflation. That will make it more expensive to borrow money to buy a car or carry a balance on a credit card. -
It's probably going to cost more to heat your home this winter. Forecasters say heating bills are likely to climb faster than overall inflation, despite what's expected to be a relatively mild winter.
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Consumer prices rose 3.4% percent last month from a year ago, the same as it was in July and matching expectations. Gas prices were among the biggest risers.
