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The Fed held interest rates steady — but the fight against inflation is not over yet
By: Scott Horsley | NPR
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WASHINGTON (NPR) — The Federal Reserve left interest rates unchanged Wednesday, but signaled that future rate hikes are still possible if that’s what it takes to curb stubborn inflation. This was… Read More
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Why the average American family’s net worth increased 37% during the pandemic
By: Scott Horsley | NPR
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WASHINGTON (NPR) — Americans’ family net worth overall improved in recent years, despite the economic upheaval caused by the pandemic, according to a new survey from the Federal Reserve. The… Read More
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Social Security recipients will get a smaller increase in benefits as inflation cools
By: Scott Horsley | NPR
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WASHINGTON (NPR) — Inflation held steady last month — and for retirees who depend on Social Security, the pace of price hikes means a more modest, though still welcome, cost-of-living… Read More
![Fed Chair Jerome Powell speaks during a news conference at the Federal Reserve in Washington, D.C.](https://woub.org/wp-content/uploads/2023/09/gettyimages-1556768901-118e5a80595da5ecfd389b01390d95ee0ff05146-scaled-e1695242791222-900x422.jpg)
The Federal Reserve holds interest rates steady but hints at more action this year
By: Scott Horsley | NPR
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WASHINGTON (NPR) — The Federal Reserve left interest rates unchanged Wednesday, but signaled that it’s open to additional rate hikes in the future, if necessary, to combat stubborn inflation. “In… Read More
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How the UAW strike could have ripple effects across the economy
By: Scott Horsley | NPR
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WASHINGTON, D.C. (NPR) — The United Auto Workers’ strike against the Big Three automakers will have ripple effects across the economy — but it’s hard to gauge how much. It… Read More
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4 reasons why your car insurance premium is soaring
By: Scott Horsley | NPR
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Updated September 13, 2023 at 8:52 AM ET WASHINGTON (NPR) — It’s not only car prices that are giving drivers sticker shock these days — it’s also happening when they… Read More
![A 'Now Hiring' sign is displayed outside a check cashing shop in Los Angeles on June 2, 2023.](https://woub.org/wp-content/uploads/2023/09/gettyimages-1495475046-2-e4ea27378203e2540a2e33a816cf486711f640cf-scaled-e1693588387974-900x422.jpg)
The job market continues to expand at a healthy clip as U.S. heads into Labor Day
By: Scott Horsley | NPR
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WASHINGTON (NPR) — The job market is holding steady as the country heads into the Labor Day weekend. Employers added 187,000 positions to the job market last month, marking a… Read More
![A 'Now Hiring' sign posted on the window of a business looking to hire workers on May 05, 2023 in Miami, Florida.](https://woub.org/wp-content/uploads/2023/08/gettyimages-1487833282-1-e59af4dfe68f1e8a3f8072c3e0bcf773db8e697c-scaled-e1693435840492-900x422.jpg)
Millions of additional salaried workers could get overtime pay under Biden proposal
By: Scott Horsley | NPR
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WASHINGTON (NPR) — Millions of salaried workers would be newly eligible for overtime pay under a proposal unveiled by the Biden administration Wednesday, but the draft rule is likely to… Read More
![Federal Reserve Chair Jerome Powell arrives for a meeting of financial regulators in Washington, D.C., on July 28, 2023.](https://woub.org/wp-content/uploads/2023/08/gettyimages-1576892903-d82bd7ec819c748a26af20ce6b1ecddd9f48e7fb-e1692992222476-900x422.jpg)
Fed Chair Jerome Powell warns the fight against inflation is far from over
By: Scott Horsley | NPR
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WASHINGTON (NPR) — Federal Reserve Chair Jerome Powell said on Friday inflation is still too high, and he warned that restoring price stability will likely require an extended period of… Read More
![A "for rent" sign in front of a home on July 12, 2023 in Miami, Florida.](https://woub.org/wp-content/uploads/2023/08/gettyimages-1537696713-2-7d0a41e77e4e6739d9c4924e35341fd829a9a867-scaled-e1691701244926-900x422.jpg)
Inflation got a little higher in July as prices for rent and gas spiked
By: Scott Horsley | NPR
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WASHINGTON (NPR) — The rising cost of rent, gas and groceries pushed the annual inflation rate slightly higher last month. Consumer prices in July rose 3.2% from a year ago…. Read More
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Amazingly, the U.S. job market continues to roar. Here are the 5 things to know
By: Scott Horsley | NPR
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WASHINGTON, D.C. (NPR) — It’s still a good time to be looking for a job. The latest employment report from the Labor Department showed the country’s job market remained red… Read More
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Inflation eased in March but prices are still climbing too fast to get comfortable
By: Scott Horsley | NPR
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WASHINGTON (NPR) — Inflation cooled last month, thanks in part to falling gasoline prices, but the rising cost of services such as travel and restaurant meals continues to stretch people’s… Read More
![Federal Reserve Chair Jerome Powell speaks during a news conference at the Federal Reserve in Washington, DC, on Feb. 1, 2023.](https://woub.org/wp-content/uploads/2023/03/gettyimages-1246721685-05706f8194d59e6761648cf5c71b32fe7ae8cd75-scaled-e1679516576195-900x422.jpg)
The Fed raises interest rates again despite the stress hitting the banking system
By: Scott Horsley | NPR
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Updated March 22, 2023 at 2:28 PM ET WASHINGTON (NPR) — The Federal Reserve raised interest rates for the ninth time in a row on Wednesday, opting to continue its… Read More
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The job market slowed last month, but it’s still too hot to ease inflation fears
By: Scott Horsley | NPR
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WASHINGTON (NPR) — Hiring cooled last month from its sizzling pace in January, but the U.S. job market remains unusually hot, with an unemployment rate hovering near a half-century low…. Read More
![A 'help wanted' sign is displayed in a window of a store in Manhattan on December 02, 2022 in New York City.](https://woub.org/wp-content/uploads/2023/02/gettyimages-1446298468-1-5bed1b9095db15c393f00574741f49dfc350bca2-scaled-e1675437623199-900x422.jpg)
U.S. employers added 517,000 jobs last month. It’s a surprisingly strong number
By: Scott Horsley | NPR
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WASHINGTON (NPR) — The U.S. labor market got an unexpected jolt last month, as employers added 517,000 jobs and the unemployment rate fell to its lowest level in more than… Read More
![Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a Federal Open Market Committee meeting, at the Federal Reserve Board Building](https://woub.org/wp-content/uploads/2023/02/gettyimages-1244432812-d6c444cb3336fae150ebeded16b96bb3fc7c1bb5-scaled-e1675308606926-900x422.jpg)
The Fed raises interest rates by only a quarter-point after inflation drops
By: Scott Horsley | NPR
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Updated February 1, 2023 at 6:12 PM ET WASHINGTON (NPR) — The Federal Reserve raised interest rates by a quarter percentage point Wednesday, its eighth increase in less than a… Read More
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The U.S. economy ended 2022 on a high note. This year is looking different
By: Scott Horsley | NPR
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WASHINGTON, D.C. (NPR) — After a strong finish to 2022, the U.S. economy appears headed for a slowdown. The economy showed surprising resilience at the end of last year, growing… Read More
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Inflation is easing, even if it may not feel that way
By: Scott Horsley | NPR
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Updated January 12, 2023 at 8:38 AM ET WASHINGTON, D.C. (NPR) — Inflation eased last month, but prices are still climbing at a rapid rate, squeezing people’s pocketbooks and crimping… Read More
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Americans are piling up credit card debt — and it could prove very costly
By: Scott Horsley | NPR
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WASHINGTON, D.C. (NPR) — More Americans are leaning on their credit cards in the face of rising prices. And as interest rates continue to climb, that debt is getting a… Read More
![People shop for bread at a supermarket in Monterey Park, California on October 19, 2022.](https://woub.org/wp-content/uploads/2022/11/gettyimages-1244092440-bd5db2b3791b06ad0a363b86b235e6471fef7ef2-scaled-e1668101086150-900x422.jpg)
Inflation cools in October and stocks rally on signs the pain of high prices may ease
By: Scott Horsley | NPR
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WASHINGTON, D.C. (NPR) — Stocks rallied Thursday after a better-than-expected report on inflation showed that the galloping price increases that consumers have had to endure all year are beginning to… Read More
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New GDP report shows an economic turnaround, but don’t be fooled
By: Scott Horsley | NPR
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WASHINGTON, D.C. (NPR) — The government’s official scorecard shows a rebound in economic growth during the late summer and early fall. But analysts say it overstates the strength of the… Read More
![Renovations continue on the Marriner S. Eccles Federal Reserve Board Building on September 19, 2022 in Washington, DC.](https://woub.org/wp-content/uploads/2022/09/gettyimages-1425212670-43b505c3eb0891aee1fac7a6b1a294ab3f57dc78-scaled-e1663785093454-900x422.jpg)
Fed orders another super-sized interest rate hike as it battles stubborn inflation
By: Scott Horsley | NPR
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Updated September 21, 2022 at 2:07 PM ET WASHINGTON, D.C. (NPR) — The Federal Reserve ordered another super-sized jump in interest rates today, and signaled that additional rate hikes are… Read More
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Americans are paying more and getting less as inflation hits home
By: Scott Horsley | NPR
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WASHINGTON, D.C. (NPR) — Susan Morrison knew something was wrong when she bought a new tub of cottage cheese. “I had an old one in the refrigerator,” Morrison recalls. “I… Read More
![Vehicles drive past a sign on the 110 Freeway warning of extreme heat and urging energy conservation during a heat wave in downtown Los Angeles on Sept. 2.](https://woub.org/wp-content/uploads/2022/09/gettyimages-1242895722-ecc245d522060c7302e5ad795caa1097298ac8a3-scaled-e1663088611938-900x422.jpg)
Soaring electricity bills are the latest inflation flashpoint
By: Scott Horsley | NPR
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Updated September 13, 2022 at 8:41 AM ET WASHINGTON, D.C. (NPR) — Inflation cooled a bit last month, thanks in part to falling gasoline prices, but for many families, there’s… Read More
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Is it fair to forgive student loans? Examining 3 of the arguments of a heated debate
By: Scott Horsley | NPR
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WASHINGTON, D.C. (NPR) — President Biden’s plan to forgive hundreds of billions of dollars in student debt is sparking heated debate. Biden last week announced plans to forgive up to… Read More
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