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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
Biden wants Congress to boost penalties for executives when mid-sized banks fail
By: NPR Washington Desk
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WASHINGTON (NPR) — President Biden on Friday urged Congress to pass legislation to increase the penalties on bank executives when mismanagement leads to bank failures. “When banks fail due to… Read More
The unexpected American shopping seems to have cooled
By: Alina Selyukh | NPR
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WASHINGTON (NPR) — Unexpected shopping in the U.S. seems to have calmed. Retail spending declined 0.4% in February compared to January, the Commerce Department said on Wednesday. That’s after a… Read More
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
What SNAP recipients can expect as benefits shrink in March
WASHINGTON, D.C. (NPR) — This month, as many as 16 million American households have received a sharp reduction in the size of their benefits under the Supplemental Nutrition Assistance Program,… Read More
Eggs prices drop, but the threat from avian flu isn’t over yet
By: Allison Aubrey | NPR
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WASHINGTON (NPR) — Maybe you’ve seen the funny internet memes about high egg prices? Like the one where a guy gets on his knees to propose, but instead of a… Read More
Markets are surging as fears about the economy fade. Why the optimists could be wrong
By: Rafael Nam | David Gura | NPR
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Updated February 4, 2023 at 8:58 AM ET WASHINGTON (NPR) — The good times are back on Wall Street. Stocks have surged since the start of the year. The Nasdaq… Read More
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
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
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
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
Inflation looms large as Black Friday shoppers head to the stores
By: Emily Olson | NPR
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WASHINGTON, D.C. (NPR) — Black Friday, the unofficial shopping holiday that’s either a boon or a burden, depending whom you ask, is again facing another test on its winding path… Read More
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
Ohio is the USA’s 6th largest wine producer. This program is helping wineries expand
By: Tana Weingartner | WVXU
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CINCINNATI, Ohio (WVXU) — When you think of wine country in the USA, you probably envision lush rolling fields of grape arbors in California, Oregon and Washington. You should also… Read More
Early retirement took off during the pandemic. An economic downturn could change that
By: Andrea Hsu | NPR
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WASHINGTON, D.C. (NPR) — Before the pandemic, no one would have guessed that Dean Hebert was headed toward early retirement, least of all himself. He was enjoying his job as… Read More
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
The major factors driving up the cost of food
By: PBS Newshour
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WASHINGTON, D.C. (NPR) — Another report on the pace of inflation in the U.S. is due later this week and there’s some hope that it’s slowing. But most people have… Read More
Why gas prices are rising across the country again
By: PBS Newshour
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WASHINGTON, D.C. (NewsHour) — Major oil-producing countries, including Saudi Arabia and Russia, have announced that they are cutting oil production by 2 million barrels per day. Americans will soon feel… Read More
Biden has $52 billion for semiconductors. Today, work begins to spend that windfall
By: Franco Ordoñez | NPR
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WASHINGTON, D.C. (NPR) — President Biden is heading to an IBM manufacturing plant in Poughkeepsie, N.Y., on Thursday to tout a new $20 billion investment the company is making in… Read More
The markets are down. Here’s how to handle your investments
By: Marielle Segarra | Clare Marie Schneider | NPR
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WASHINGTON, D.C. (NPR) — Have you checked your retirement plan lately? Don’t. Big indices like the S&P 500 and the Russell 1000 just hit 52-week lows. And the Dow fell… Read More
Home prices see biggest drop in 9 years, thanks to higher mortgage rates
By: Chris Arnold | NPR
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WASHINGTON, D.C. (NPR) — Higher mortgage rates are throwing a bucket of ice-water on the super-heated housing market. Home prices in August were down about 6% from their peak in… Read More
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
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
Biden says a tentative railway labor deal has been reached, averting a strike
By: Andrea Hsu | NPR
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Updated September 15, 2022 at 8:22 AM ET WASHINGTON, D.C. (NPR) — A strike that could have halted both freight and passenger trains across the country seems to have been… Read More
New Ohio poverty report highlights struggles in employment and child care in wake of COVID pandemic
By: Andy Chow | Statehouse News Bureau
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COLUMBUS, Ohio (Statehouse News Bureau) — Ohio’s poverty rate is at 12.7% — 0.8% higher than the national rate — which researchers say has been a consistent trend for more… Read More
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