Fed holds off on rate hike
The Fed decided Wednesday to forgo another increase in its benchmark interest rate, leaving it at about 5.1%.
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The Fed decided Wednesday to forgo another increase in its benchmark interest rate, leaving it at about 5.1%.
Even so, the latest "report contains plenty of pain, especially for lower-income Americans," said one economist.
"People have been using the wrong R-word to describe the economy," one economist said. "It's resilience — not recession."
Inflation is causing many people to lean on credit cards to cover monthly expenses and most people are having to pay heavy interest on that debt.
President Biden is hoping to stack the Central Bank with its top governors as it continues working to stem inflation.
Coffee chain says the charge is necessary because the cold juice drinks are more expensive to make when not diluted.
Millennials with debt and dependents most likely to feel the financial crunch
Nicole Lauren reports a study found nearly 73% of millennials are living paycheck to paycheck. For Gen Z, 66% are doing the same, that's up from 58% a year ago.
The cost of living in South Florida continues to be high, despite new statistics.
Of six major grocery food group indexes, three fell from February to March. The meats, poultry, fish and eggs index fell 1.4%, pulled down by another month of large decreases in egg prices.
Prices are still high, they've risen five percent in the last 12 months
Surprise move by Saudi Arabia and other oil exporters to curb production could boost U.S. gasoline prices, analysts say.
As the spring homebuying season approaches, affordability is at its lowest point in history, one economist said.
Extra SNAP benefits are estimated to have kept 4.2 million people out of poverty.
Stubborn inflation and anxiety over slowing economic growth is weighing on Americans, new sentiment data shows.
An estimated 500K workers, from teachers to train drivers, are demanding better pay and work conditions amid soaring inflation exacerbated by Brexit.
Egg costs are soaring as Americans' eating habits change and as a deadly disease wipes out millions of birds.
Although U.S. inflation has cooled from its peak this summer, some food costs remain unusually high.
With inflation showing signs of cooling down, Americans may yet evade a recession, experts said.
Inflation, interest rates and a possible recession could weigh on markets. But there are also reasons for bullishness.
The job market remains strong — a good sign for workers but a blow to the Fed's efforts to cool inflation.
There are clear bright spots that offer hope 2023 will not be the year the next recession begins
Almost 4 in 10 of consumers who went into debt expect it will take at least five months to pay off their bills.
Seniors and other recipients are getting the biggest bump since 1981. But tax and Medicare issues may complicate things.
Rates are at their highest level in 15 years as policymakers try to tamp down inflation without torpedoing the economy.
