News
Fed nominee pledges inflation fight even as Trump renews demands for rate cuts that could worsen it
14+ hour, 24+ min ago (605+ words) Donald Trump's nominee to lead the Federal Reserve pledged to fight inflation at a hearing Tuesday even as the president renewed his demands for interest rate cuts that could worsen it. Higher inflation typically leads the Fed to raise rates,…...
Key Fed official sees possible rate hike amid higher gas prices, inflation concerns
2+ week, 1+ day ago (561+ words) A top Federal Reserve official said Monday that an interest rate hike could be appropriate if inflation remains persistently above the central bank's 2% target, the latest sign that some policymakers are moving away from a bias toward reducing borrowing costs....
This is how much your groceries went up in January
2+ mon, 1+ week ago (261+ words) Food prices rose 2. 9 percent at the start of the year, according to the Bureau of Labor Statistics. Check our grocery calculator to see how prices on your list rose or fell. The latest Bureau of Labor Statistics (BLS) report shows…...