Stocks plummet after Fed signals more rate hikes ahead
"Hawkish" policy statement from Fed leads investors to abandon hope of easing rate increases.
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"Hawkish" policy statement from Fed leads investors to abandon hope of easing rate increases.
Economists had expected the number of job openings to drop below 10 million for the first time since June 2021.
The president highlighted his administration's push to crack down on so-called junk fees that banks and other companies charge their customers.
President Joe Biden's trip to Oregon, California and Colorado is showing how he's trying to turn out Democratic votes on Election Day.
Dow swings more than 1,300 points as investors glimpse reasons for hope in September consumer price index.
Dow hits 2022 low as markets sell off on recession fears as central banks around the world jack up interest rates.
Interest rate on a typical 30-year mortgage rate has jumped by more than a quarter-point this week to 6.29%.
Fed raised key interest rate by three-quarters of a percentage point and signaled it plans to keep rates higher longer.
"A sustained rally is likely to require clear evidence that inflation is on a downward trend," a UBS analyst said.
Automotive research company Kelley Blue Book says the average price Americans paid for a new vehicle in August hit a record high of $48,301. That's the fifth consecutive month car prices have risen to record highs.
Borrowing costs for a conventional home loan have more than doubled over the last year.
Inflation eased last month as energy prices tumbled, according to a report closely watched by the Federal Reserve.
Declining oil prices and somewhat lower demand for gas since motorists have been driving a little less have combined to give Americans some relief at the pump.
It's $3.99 a gallon as of Sunday morning.
Jeff Wagner explains how low gas prices may go, and if we can expect this downward trend elsewhere.
The average price for a gallon of regular in the Twin Cities is $4.41.
The average gas price per gallon in Minnesota is about $4.50. But some parts of the state are already well under $4.
On the top ten list of cheapest gas prices in Minnesota, six locations are in or near Hastings -- at a range of $3.68 to $3.88 a gallon. That's up to 70 cents cheaper than the state average.
For 90 minutes Sunday, a Forest Lake gas station dropped its prices more than $2 a gallon. David Schuman shares the statement they were trying to make about inflation.
For 90 minutes Sunday, a Forest Lake gas station dropped its prices more than $2 per gallon.
The national average has fallen for four straight weeks. Minnesota's gas average is $4.50 per gallon.
According to AAA, the average price for a gallon of unleaded in Minnesota is now $4.59 a gallon, down roughly 20 cents from this time last month.
According to AAA, the average price for a gallon of regular in Minnesota is at $4.59, down nearly 20 cents from last month.
High gas prices take a hit on our wallets, but they could also take a hit on how quickly you get help when it matters most.
Ambulance services are mostly paid through insurance reimbursements that are at locked-in rates.
