Fed raises key interest rate in largest hike since 1994
The Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three decades.
The Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three decades.
California gas station manager fired after accidentally selling fuel for 69 cents a gallon
A gas station manager in California is out of a job after he mistakenly set his pumps to just 69 cents a gallon instead of $6.99.
A gas station manager in California is out of a job after he mistakenly set his pumps to just 69 cents a gallon instead of $6.99.
Biden tells oil refiners: Produce more gas and diesel, fewer profits
In a draft letter to refiners, Biden said their profits have tripled during a time of war between Russia and Ukraine as Americans struggle with record-high gas prices.
In a draft letter to refiners, Biden said their profits have tripled during a time of war between Russia and Ukraine as Americans struggle with record-high gas prices.
Inflation: Federal Reserve expected to announce biggest interest rate hike since 1994
The Federal Reserve is expected Wednesday to announce its largest interest rate hike since 1994 — a bigger increase than it had previously signaled and a sign that the central bank is struggling to restrain stubbornly high inflation.
The Federal Reserve is expected Wednesday to announce its largest interest rate hike since 1994 — a bigger increase than it had previously signaled and a sign that the central bank is struggling to restrain stubbornly high inflation.
Inflation: Higher hotel room rates could put damper on Florida tourism
Hotel room rates pushed up by demand during the past year might now be hindering tourism amid increasing inflation, state tourism officials said.
Hotel room rates pushed up by demand during the past year might now be hindering tourism amid increasing inflation, state tourism officials said.
Americans feeling the stress from inflation
Ask pretty much anyone how they feel about rising gas and food prices, and they won’t have nice things to say. Fox 9 asked a local financial expert and a local psychologist their best tips to relieve the current financial stress and make their dollars stretch further.
Ask pretty much anyone how they feel about rising gas and food prices, and they won’t have nice things to say. Fox 9 asked a local financial expert and a local psychologist their best tips to relieve the current financial stress and make their dollars stretch further.
Biden puts focus on workers during Philadelphia visit to AFL-CIO convention
President Joe Biden has told the largest federation of labor unions that he’s rebuilding the U.S. economy around workers.
President Joe Biden has told the largest federation of labor unions that he’s rebuilding the U.S. economy around workers.
Why a Northern California gas station is charging nearly $10 a gallon
A Chevron station in Mendocino, Calif., was charging $9.63 this week for a gallon of regular gas.
A Chevron station in Mendocino, Calif., was charging $9.63 this week for a gallon of regular gas.
What makes a bear market? Wall Street term explained
Wall Street is back in the claws of a bear market amid worries about inflation and higher interest rates. Here are answers to some common questions about bear markets.
Wall Street is back in the claws of a bear market amid worries about inflation and higher interest rates. Here are answers to some common questions about bear markets.
Bitcoin, other cryptocurrencies collapse, major crypto lender Celsius Network halts operations
Bitcoin and other cryptocurrencies were collapsing in price Monday, after the major crypto lender Celsius halted all withdrawals citing “extreme market conditions."
Bitcoin and other cryptocurrencies were collapsing in price Monday, after the major crypto lender Celsius halted all withdrawals citing “extreme market conditions."
Average gas price in US jumped nearly 40 cents in recent weeks
The average price at the pump is nearly $2 higher than it was one year ago.
The average price at the pump is nearly $2 higher than it was one year ago.
Gas prices hit $5 nationwide for the first time ever
The national average price has jumped 19 cents in just the past week, and it is up $1.93 from this time last year.
The national average price has jumped 19 cents in just the past week, and it is up $1.93 from this time last year.
Gas prices hit $5 nationwide for first time in over 2 decades
Gas prices are already nearly $2 more than they were a year ago.
Gas prices are already nearly $2 more than they were a year ago.
Florida citrus production at an eight-decade low
With the state pouring millions of dollars into research and marketing efforts, Florida’s citrus industry is approaching the end of the 2021-2022 growing season with its lowest production since around the start of World War II.
With the state pouring millions of dollars into research and marketing efforts, Florida’s citrus industry is approaching the end of the 2021-2022 growing season with its lowest production since around the start of World War II.
Janet Yellen responds to Cardi B’s recession prediction: ‘I don’t have that much time for her’
Treasury Secretary Janet Yellen says she feels confident in the strength of the U.S. economy.
Treasury Secretary Janet Yellen says she feels confident in the strength of the U.S. economy.
Biden blames pandemic, Putin as high US inflation persists
In President Joe Biden’s estimation, the U.S. is in a strong position to overcome the worst inflation in more than 40 years. But so far, inflation just keeps getting the better of the U.S. economy and of the Biden administration.
In President Joe Biden’s estimation, the U.S. is in a strong position to overcome the worst inflation in more than 40 years. But so far, inflation just keeps getting the better of the U.S. economy and of the Biden administration.
Out-of-gas calls on the rise, AAA says
In April alone, AAA received 50,787 calls from stranded drivers.
In April alone, AAA received 50,787 calls from stranded drivers.
US inflation hit 8.6% in May, a new 40-year high
Consumer prices surged 8.6% last month from 12 months earlier, faster than April’s year-over-year surge of 8.3%, the Labor Department said Friday.
Consumer prices surged 8.6% last month from 12 months earlier, faster than April’s year-over-year surge of 8.3%, the Labor Department said Friday.
Florida gas prices near $5 a gallon: The mistake that could be costing you more money
Analysts say prices could continue to rise, especially if refineries face unexpected issues like hurricanes.
Analysts say prices could continue to rise, especially if refineries face unexpected issues like hurricanes.
National gas prices near $5 but closing in on $8 in various counties
One California county is facing an average of $7.79
One California county is facing an average of $7.79