(WASHINGTON) -- Consumers on Main Street and investors on Wall Street will closely watch the release of inflation data on Thursday. The latest data arrives weeks after the Federal Reserve escalated its fight against inflation with a third consecutive rate increase. The median forecast in... Read More.
(WASHINGTON) -- The Federal Reserve instituted a dramatic interest rate hike on Wednesday, the latest in a series of borrowing cost increases, as the central bank tries to dial back near-historic inflation while avoiding an economic downturn. The Fed raised the benchmark interest rate by... Read More.
(WASHINGTON) -- A hotter-than-expected inflation report last week dispelled hopes of relief for strained households and rekindled questions about U.S. policy for fighting sky-high prices. The Federal Reserve has instituted a series of aggressive interest rate hikes in recent months as it tries to slash... Read More.
(WASHINGTON) -- The Federal Reserve significantly raised its benchmark interest rate on Wednesday, the latest in a series of hikes meant to tackle sky-high price increases last seen more than four decades ago. But rate hikes at the Fed risk widespread financial pain. An increase... Read More.
(NEW YORK) -- The Federal Reserve on Wednesday dramatically escalated its fight to dial back historic inflation, raising its benchmark interest rate by 0.75%, the largest rate hike since 1994. The move offers hope that sky-high prices for essentials like fuel and groceries will... Read More.
(WASHINGTON) -- The Federal Reserve raised interest rates significantly on Wednesday, hiking it 0.75%, escalating a strategy of increased borrowing costs that aims to dial back historic inflation. The rate hike of 0.75% marks the largest increase since 1994. The dramatic rate increase follows new... Read More.
(NEW YORK) -- In the sun-baked 66 miles between Tucson and Nogales at the Arizona-Mexico border, there's only one place that's able to provide the intensive, hands-on care so many patients need after they leave the hospital: Santa Rita Nursing and Rehabilitation Center. But since... Read More.
(LOS ANGELES) -- Analysts are warning motorists in California to hold on to their wallets as a host of factors will take already record-high gas prices to new levels. The state averaged $4.742 a gallon on Tuesday, about $1.20 more than the national average, according... Read More.
(NEW YORK) -- Raising membership fees can generally be chalked up as "the price of doing business." But as inflation, demand and supply chain issues continue to dictate an increase in prices, consumers are left to consider the value of using services like grocery... Read More.
(NEW YORK) -- Prices have continued to climb from the grocery store to the gas station amid the pandemic. According to a new report, the prices of some foods and household staples are heading higher. Kraft Heinz alerted customers that its prices will go up... Read More.
(WASHINGTON) -- Officials at the Federal Reserve on Wednesday signaled that they could "soon" raise interest rates for the first time in three years, as inflation concerns cast a shadow over the pandemic-battered economy. The central bankers said in a statement Wednesday that they were... Read More.
(WASHINGTON) -- Federal Reserve officials announced Wednesday that they intend to more rapidly end pandemic-era monetary policies meant to support the economy as surging inflation casts a new shadow over the recovery. The U.S. central bank announced it would accelerate the tapering of its bond-buying... Read More.