The Consumer Price Index is up 6.2% over last October. The Department of Labor, which maintains data on the cost of living, has reported that the Consumer Price…
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Inflation Hits 30-Year High
Numbers are above the Federal Reserve’s target. According to data released Friday by the Bureau of Economic Analysis, inflation has hit the highest rate in 30 years, fueling…
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Fed Official Expects Rate Hike Next Year
Inflation is running “hotter” than Federal Reserve had anticipated. The president of the St. Louis Federal Reserve Bank predicted an interest rate hike in late 2022, which is…
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Treasury Secretary Hints at Interest Increases
Expects the Federal Reserve to maintain economic stability. On Tuesday, Secretary of the Treasury Janet Yellen indicated that national interest rates might have to increase due to the…
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Federal Reserve Releases Statement on Interest Rates
Decision by FOMC to keep rates low during economic recovery On Wednesday, the Federal Reserve issued a statement from the Federal Open Market Committee (FOMC) regarding interest rates.…
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Federal Reserve Cuts Interest Rates Amid Virus Concerns
Half percent drop in lending rate hopes to stabilize economy On Tuesday, the Federal Reserve announced that it would be cutting their interest rates by half of a…
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