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Fed Raises Rates a Quarter Point, Expects ‘Ongoing' Increases
The Federal Reserve on Wednesday released its decision on interest rates following its two-day meeting.
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U.S. GDP Rose 2.9% in the Fourth Quarter, More Than Expected Even as Recession Fears Loom
Gross domestic product was expected to rise 2.8% at an annualized pace in the fourth quarter, according to Dow Jones estimates.
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With a Possible Recession Looming, Here's How to Decide If You Should Go Back to School
With a recession possible, inflation and higher interest rates are complicating the usual return on investment equation for continuing higher education.
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How Much Should I Pay to Prepare My Taxes?
Gonzalo Freixes, adjunct professor of accounting at the UCLA Anderson School of Management, explains the average national costs to prepare your tax return for the upcoming tax season.
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Is Tipping Getting Out of Control? A Lot of People Seem to Think So
Consumers are posting rants on social media complaining about tip requests at drive-thrus, while others say they’re tired of being asked to leave a gratuity for a muffin or a simple cup of coffee at their neighborhood bakery.
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Wholesale Prices Fell Significantly in December
Government figures say the wholesale price for goods and services dropped sharply in December, a sign that inflation may be waning.
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The US Has Reached Its Debt Limit. What Happens If It Isn't Raised?
The U.S. government reached the nation’s legal borrowing limit on Thursday, forcing the Treasury Department to resort to “extraordinary measures” to avoid a default.
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Microsoft to Lay Off 10,000 Employees
The maker of Windows and Office is letting go thousands of employees on Wednesday following a slower revenue growth.
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The US Is Hitting Its Debt Limit Today. What Happens If It Isn't Raised?
Economists say consequences of a default on the national debt could include higher interest rates, a stock market crash, a recession and massive job losses. NBC’s Alice Barr reports.
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Smartphones, Used Cars and Bacon: 10 Things With the Biggest Price Drops in 2022, Despite Inflation
Overall inflation in 2022 peaked at its highest levels since the early 1980s. Here’s why consumers saw some items deflate.
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US Expected to Hit Debt Limit on Thursday, Treasury Secretary Yellen Warns Congress
Treasury Secretary Janet Yellen has notified Congress that the U.S. is projected to reach its debt limit on Thursday and will then resort to “extraordinary measures” to avoid default.
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Biden Celebrates Easing Inflation, Acknowledges ‘More Work to Do'
President Joe Biden spoke Thursday to celebrate the easing inflation rates after the Consumer Price Index showed a dip to 6.5%.
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Consumer Prices Fell 0.1% in December as US Inflation Declined for a Sixth Month
Rising consumer prices in the United States moderated again last month, bolstering hopes that inflation’s grip on the economy will continue to ease this year and possibly require less drastic action by the Federal Reserve to control it.
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Why Are Egg Prices Soaring? The Bird Flu Outbreak is Partly to Blame
A lingering bird flu outbreak, combined with soaring feed, fuel and labor costs, has led to U.S. egg prices more than doubling over the past year, and hatched a lot of sticker shock on grocery aisles.
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US Set to Hit Debt Ceiling This Month, Setting Up a Political Fight in a Divide Congress
The federal government is on track to max out on its $31.4 trillion borrowing authority as soon as this month. That starts the clock on an expected standoff between President Joe Biden and the new House Republican majority. Both political parties’ ability to navigate a divided Washington will be tested, with the fragile global economy at stake. Once the cap...
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Here's How the Fed's Rate Hike May Affect Your Wallet
The Fed’s seventh rate hike this year will make it even costlier for consumers and businesses to borrow for homes, autos and other purchases.
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Fed Raises Interest Rates Half a Point
This is the highest interest rate the Federal Reserve has set in 15 years.
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Wholesale Prices Rose 0.3% in November, More Than Expected, Despite Hopes That Inflation Is Cooling
The producer price index, a measure of what companies get for their products in the pipeline, increased 0.3% for the month and 7.4% from a year ago.
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Payrolls and Wages Blow Past Expectations, Flying in the Face of Fed Rate Hikes
Nonfarm payrolls were expected to increase by 200,000 in November, according to Dow Jones estimates.