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Economy news archive · February 2026

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Nationwide fuel prices show mixed local trends this week

United States — Gas prices moved modestly this week as national averages rose while local markets varied. GasBuddy and AAA reports show the U.S. average climbed to about $2.88–$2.95 per gallon, driven by higher crude oil…

U.S. Q4 Growth Cools to 1.4% After Shutdown

WASHINGTON The U.S. economy expanded at a 1.4 percent annual rate in the fourth quarter, the Commerce Department reported Friday, missing the 2.5 percent projection and following a 4.4 percent third-quarter gain. Full-ye…

Washington inflation gauge accelerates in December readings

Washington. The Commerce Department on Friday reported a key inflation gauge accelerated in December, with monthly prices rising 0.4% after a 0.2% increase in November and annual inflation at 2.9%, up from 2.8%. Core pri…

US Trade Deficit Widens Despite Trump's Tariff Claims

Washington, U.S. government and media reports showed the overall 2025 trade deficit narrowed slightly to $901.5 billion, while the goods deficit rose to a record $1.24 trillion, as December's deficit jumped to $70.3 bill…

Midsize firms' tariff payments tripled last year, analyses show

WASHINGTON Federal Reserve economists and a JPMorganChase Institute analysis found tariffs imposed last year increased costs for U.S. firms and consumers. On Feb. 19, JPMorganChase reported midsized firms' tariff payment…

Japan Announces $36B U.S. Investments in Energy, Industry

WASHINGTON: President Donald Trump's administration announced on Tuesday three Japan-financed projects worth $36 billion, representing the first tranche under Tokyo's $550 billion U.S. investment pledge tied to a trade d…

U.S. Regional Gas Prices Rise Amid Seasonal Trends

United States. Regional gasoline prices moved modestly this week as national averages edged higher, according to GasBuddy and AAA surveys. Michigan averages rose to $2.98 per gallon after a 15-cent weekly increase, while…

U.S. Inflation Slows as Core Pressures Still Persist

WASHINGTON — The U.S. Labor Department reported Friday that consumer prices rose 2.4% in January from a year earlier, down from 2.7% in December, while core CPI excluding food and energy rose 2.5%. Monthly inflation show…

U.S. Consumer Inflation Falls to Nearly Five-Year Low

WASHINGTON — Consumer prices rose 2.4% year-over-year in January, down from 2.7% in December, as gas prices and apartment rent growth cooled, official U.S. data show. Core inflation, excluding food and energy, increased …

States, Cities Navigate Tax Changes and Filing Uncertainty

Phoenix, Arizona Governor Katie Hobbs vetoed a tax conformity bill this week, leaving state income tax filings uncertain and raising the prospect that some early filers may need to refile; lawmakers continue to propose a…

Washington reports 130,000 jobs; revisions cut prior gains

Washington: U.S. employers added 130,000 jobs in January and the unemployment rate fell to 4.3 percent, the Labor Department reported Wednesday, signaling unexpected payroll strength. Major revisions reduced 2024–2025 jo…

State and local tax deadlines set for April 15, 2026

New York — State and local tax authorities set filing and payment deadlines for returns on April 15, 2026. Connecticut, New Jersey, Maryland and Washington, D.C. aligned their 2026 individual income tax deadlines with th…

Lottery revenues and large prizes drive recent payouts

United States. State lotteries reported transfers and jackpots, with state officials confirming revenue and prize claims. The Mississippi Lottery transferred $12,060,016.71 in January, bringing fiscal contributions to $7…

National gas prices rise; regional pumps see increases

United States, Gas prices rose this week across multiple U.S. regions nationwide, according to GasBuddy reports. Peoria drivers saw averages climb to $2.94 per gallon, up nearly 10 cents over the prior week and about 13 …

Jobless Claims Rise to 231,000 in Latest Week

Washington. The Labor Department reported Thursday that initial U.S. jobless claims rose by 22,000 to 231,000 for the week ending Jan. 31, the largest weekly increase in two months. The four-week moving average increased…

Regional Gas Prices Shift Across U.S. This Week

United States. Regional gasoline prices moved this week as local averages diverged: Tennessee rose to $2.54 per gallon while Arkansas held near $2.40. Green Bay fell to $2.50 and Peoria averaged $2.84; Florida reached $2…