U.S. Economy

The Federal Reserve announced Wednesday that they have raised the benchmark interest rate by 0.75% to curb high inflation.

Soaring inflation, rising energy and housing costs, and recent stock selloffs are causing economists and communities across the country to wonder what the economic future holds.

As the Fed tries to pump the brakes on inflation, it will get more expensive to borrow. Here’s how to prepare.

Millions of people are quitting their jobs each month, while job openings are near record highs and layoffs are low. But the labor trend may have plateaued.

Tight supplies of new cars and rising inflation fears likely hit U.S. auto sales hard in the first quarter.

The White House on Thursday announced that the U.S. will release 1 million barrels of oil per day from strategic reserves.

The big carriers such as FedEx, UPS and Amazon make lots of deliveries, and none of those packages are being shipped for “free.”

NATO countries across Europe have done an about-face on defense spending in the immediate wake of the Russian invasion of Ukraine.

However, Biden said the U.S. currently has enough vaccine supply to ensure people ages 50 and older can get their fourth doses.

The Connected Commerce Council, which pitches itself as a grassroots movement representing small business owners, is funded by Google and Amazon.

Most of the third round of stimulus checks has been sent. But if you never received a payment or your circumstances have changed, you may be eligible for money.

President Joe Biden will give an update on the U.S. fight against Covid-19 and receive his second vaccine booster shot.

Bank of America says demand for the iPhone is still strong despite reports of Apple cut back production of some models.

As prices spike, workers are running out of money faster: Now, 1 in 5 say they can’t make it from paycheck to paycheck.

A key recession signal flashed in the bond market this week, but SkyBridge Capital’s Anthony Scaramucci said he would be cautious on predicting a downturn.

Dr. Peter Marks said the U.S. might need to switch to a different vaccine that targets specific variants of Covid.

The Florida measure rocketed to the forefront of national politics in recent months, drawing criticism from the LGBTQ community, Democrats and the White House.

The more contagious omicron subvariant, BA.2, is now the dominant version of Covid in the U.S., at nearly 55% of sequenced Covid cases, according to the CDC.

Millions of Americans waiting for news on the future of their student debt got no more information from Biden’s 2023 budget proposal.

The consumer is the key to the US economy. With food, gas and housing prices higher, how far is America from reaching the inflation breaking point?