Philadelphia Fed’s Anna Paulson Argues Small Rate Hikes Are Still Needed to Bring Down Inflation
Philadelphia Fed chief Anna Paulson says modest interest-rate hikes may still be needed to tame stubbornly high inflation.
CLAY TRIBUNE / THE ARCHIVE
Tag: inflation
Costs keep climbing: shoppers hit by rising prices and higher borrowing costs
Shoppers face soaring inflation and higher interest rates, straining budgets and pushing dreams of home and family out of reach.
Tariffs, Rising Fuel Prices and Higher Rates Are Crushing American BusinessMargins
A small saw company in Iowa struggles as tariffs, fuel costs, and rising rates squeeze American manufacturers. Eden's bracket rose from $42 to $87.
Cato to close 120 stores as customers cut back on discretionary spending
Discount fashion chain Cato is closing 120 stores due to economic pressure on customers' discretionary income.
How the Fed’s Interest Rate Actually Works — and What Wednesday’s Hike Means for Your Wallet
The Fed raised rates again, pushing mortgage costs past 7%. Here's why, and how it hits your wallet.
Diesel prices hit a fifth record high, and drivers are paying the price
Houston diesel hits a fifth record high, pushed by Iran's war and Russia's invasion, while inflation runs above the Fed's 2% target.
Bond yields climb again, dragging down the Dow, S&P 500 and Nasdaq
Stocks slip as bond yields rise on bets the Fed hikes again in October, amid AI control doubts and oil easing below $100.
Melania Trump Faces Backlash Over Lavish White House Christmas Video
Melania Trump's video of a White House state dinner sparked backlash online, with critics calling her 'out of touch' amid rising inflation.
Trump ‘I did that’ stickers pop up on gas pumps, four years after Biden got the same treatment
Stickers mock Trump with 'I did that' on gas pumps, echoing the same labels that targeted Biden over inflation four years ago.
U.S. Diesel Hits Record High of $6.29 a Gallon as Bitcoin and Gold Struggle
Diesel hits a record high of $6.29 a gallon, bitcoin falls 12%, and gold holds steady amid global rate hikes.
Fed Statement Under Warsh Deletes ‘Persistent’ and ‘Above Target,’ Adds ‘Elevated’ and ‘High’
A Fed statement wherein words vanish and others appear, revealing a shift in tone upon the economy's account.
Fed Raises Interest Rates for First Time Since 2023, Pushing Benchmark to 3.75%-4%
The Fed raises rates for the first time since July 2023, pushing the benchmark rate past 3.75% amid Iran war-driven inflation.