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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
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
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
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
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
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
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
Inflation may be cooling, but the housing market is still too hot for many buyers
By: Erin Kenney | NPR
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WASHINGTON (NPR) — Inflation has cooled since its peak last summer. Airplane tickets are cheaper, natural gas is cheaper, even eggs are cheaper. But housing? It’s stubbornly expensive. The median… Read More
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
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
After pandemic pet boom, owners struggle with rising costs of veterinary care
By: PBS Newshour
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WASHINGTON, D.C. (NewsHour) — Millions of Americans became pet owners during the pandemic. Today, around 70 percent of U.S. households now have pets, but many owners struggle to cover the… Read More
Why car prices are still so high — and why they are unlikely to fall anytime soon
By: Camila Domonoske | NPR
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WASHINGTON, D.C. (NPR) — It has been nearly three years since auto plants around the world started to shut down because of the pandemic. Yet between the pandemic, an acute… 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
Low-income residents face challenges as the SNAP expansion ends
By: Theo Peck-Suzuki | Report for America
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GLOUSTER, Ohio (WOUB/Report for America) — Expanded SNAP benefits put in place during the COVID-19 pandemic are ending this month throughout the United States. The rollback comes at a bad… Read More
Egg prices have dropped but could rise again if spring brings another avian flu epidemic
By: Gabriel Scotto
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ATHENS, Ohio (WOUB) — Wholesale egg prices have plummeted 50 percent since peaking in December, meaning consumers can expect lower prices at the grocery store in the near term. However,… 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
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
Despite some money from the state, the Southeast Ohio Food Bank struggles to meet growing demand
By: Theo Peck-Suzuki | Report for America
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POMEROY, Ohio (WOUB/Report for America) — The Southeast Ohio Food Bank has returned to doing mobile food distributions, thanks to support from local partners and the state government. Unfortunately, the… Read More
What you need to know about interest-free payment plans
By: PBS Newshour
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WASHINGTON, D.C. (NewsHour) — As prices remain high from inflation, the concept of “buy now, pay later” is gaining popularity among consumers. Companies like Affirm, Afterpay and Klarna allow customers… 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
How stores ended up with too many (wrong) clothes
By: Alina Selyukh I NPR
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WASHINGTON, D.C. (NPR) — Remember when we couldn’t get enough athleisure or pajamas? Now, the hottest question for clothing retailers is whether they’ve got an “inventory glut” — too many… Read More