Finance professor breaks down Federal Reserve's interest rate hike
Larry Goehrig teaches finances and marketing at Florida Memorial University.
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Larry Goehrig teaches finances and marketing at Florida Memorial University.
The Federal Reserve chairman says he anticipates more rate increases to try to bring down record inflation to its target of 2%.
In an effort to get a handle on the worst inflation in America in the last 40 years, the Federal Reserve has raised interest rates by a half-percentage point.
Interest rates are going up again as the economy gets hotter.
President Trump nominated Federal Reserve Governor Jerome Powell on Thursday to lead the world's most influential central bank.
Federal Reserve Chair Janet Yellen spoke before Congress about the inflation rates since 2008.
A day after addressing a senate committee, Federal Reserve Chairwoman Janet Yellen was back on Capitol Hill Wednesday.
Federal Reserve Chairwoman Janet Yellen said Tuesday the central bank will "evaluate whether employment and inflation are continuing to evolve in line with [the Fed's] expectations, in which case a further adjustment of the federal funds rate would likely be appropriate."
As was expected, the Feds raised interest rates and now banks will likely pass their higher costs to consumers and companies leading to high borrowing rates throughout the economy.
Ben Bernanke was quizzed about what it felt like to be called a traitor by the governor of Texas and Alan Greenspan was asked if he purposely sought to confuse Congress with his answers.
Auto sales in the United States are expected to hit an all-time high as Americans are buying more new cars than ever before.
A man from Jamaica is behind bars for running a lottery scam which targeted elderly people.
The Federal Reserve says it will spend $40 billion a month to purchase mortgage-backed securities because the economy is too weak to reduce high unemployment.
On Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.
The latest numbers from the U.S. Labor Department offer a mixed bag of news to President Barack Obama.
David Allan Coe also had hits with "You Never Even Called Me By My Name" and "The Ride" among others.
Temperatures will soar to around 90 degrees Thursday afternoon, but it will feel hotter when you factor in the humidity.
Oil prices hit a 4-year high as Axios reports Trump will hear new options to try to break the Strait of Hormuz standoff with Iran with a new wave of attacks.
James Ernest Hitchcock was convicted of raping, beating and killing his step-niece in 1976.
A ceremony was held at Miami International Airport ahead of the first flight on Thursday morning.
David Allan Coe also had hits with "You Never Even Called Me By My Name" and "The Ride" among others.
Temperatures will soar to around 90 degrees Thursday afternoon, but it will feel hotter when you factor in the humidity.
James Ernest Hitchcock was convicted of raping, beating and killing his step-niece in 1976.
A ceremony was held at Miami International Airport ahead of the first flight on Thursday morning.
An 18-year-old content creator filed a Miami-Dade lawsuit alleging battery and fraud by streamer Braden Peters, known online as Clavicular.
In courtroom testimony, Shandelle Maycock recounted the harrowing night her daughter was abandoned in the Everglades, describing the horrors they endured.
A former prison guard trainee has been sentenced to death for the 2019 execution-style killings of five women inside a Florida bank.
Florida coach Billy Napier is getting a fourth season to try to get the Gators back to their winning ways.
A Florida man has filed a federal lawsuit against Jacksonville sheriff's officers who severely beat him last year after he ran from a traffic stop.
The Marion County Sheriff's deputy told authorities that he accidentally shot and killed his girlfriend while cleaning his gun.
The Coast Guard will run out of funding to pay personnel on May 1, with the first missed paychecks expected May 15.
The budget blueprint is the first step in Republicans' two-pronged plan to end the Department of Homeland Security shutdown.
Former Florida governor and U.S. Rep. Charlie Crist is running for mayor of his hometown of St. Petersburg.
Spirit Airlines only has enough available cash to continue operations for a matter of days, not weeks, and talks for a government-backed rescue of the no-frills carrier have stalled, sources say.
President Trump said he and Russian President Vladimir Putin spoke Wednesday about Ukraine and Iran.
Several commissioners have raised questions about how the center would be funded in future years.
In an interview on Facing South Florida, Wasserman Schultz said the Governor's efforts to redraw the maps will almost certainly violate the Fair Districts constitutional amendment voters in Florida passed in 2010.
The center – which was promised to voters back in 2004 – would take mentally ill individuals out of the jail and move them into a place where they can receive comprehensive treatment and support.
Luna said she expects Florida Democrat Sheila Cherfilus-McCormick to be the next member who either resigns or gets expelled.
Uthmeier was asked several times during a press conference in Miami this week if he had formally requested the judge overseeing the grand jury to keep the findings secret.
Seventy-three percent of Americans say delays and denials of medical treatment by healthcare insurers are a major problem. Now, a company called Sheer Health says they will fight insurance battles on behalf of their clients.
An unlicensed cosmetologist from Florida has been found guilty in a California court for providing an injection that killed a model who was known as a Kim Kardashian lookalike, prosecutors said.
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
HHS Secretary RFK Jr. wants the popular coffee chains to prove their surgery drinks are safe for teens and suggested the Trump administration could place limits on your cup of coffee.
Tests of dozens of baby formulas by Consumer Reports found that nearly half contained potentially dangerous chemicals.
AARP is sounding the alarm because it is so easy to fall for these schemes, but there are simple things everyone can do to protect themselves.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
Florida insurance policyholders could be seeing some form of relief in their wallets thanks to market reforms made statewide, Gov. Ron DeSantis said.
The company said Tuesday that 85% of its retail products and "nearly all" of its school offerings are already made without "certified colors."
Less than two days after Delta Air Lines offered $30,000 to each passenger on board the flight that crashed and flipped in Toronto on Monday afternoon, the company is facing its first two lawsuits in the incident — and they likely won't be the last.
David Allan Coe also had hits with "You Never Even Called Me By My Name" and "The Ride" among others.
Jake was at the funeral for one of his closest friends when he learned of his parents' deaths, he said.
Michael Tilson Thomas, the 12-time Grammy Award winning composer and famed conductor who led the San Francisco Symphony for a quarter century, has died.
Afrika Bambaataa, a rapper and producer, was best known for breakthrough tracks like 1982's "Planet Rock" and for founding the Universal Zulu Nation art collective.
The moon music tradition started more than 50 years ago, NASA said as it shared the Artemis II crew's playlist this week.