Hot dog sausages are seen in a supermarket, as inflation continues to hit consumers with the annual CPI increasing 8.3% in the 12 months through April, in Los Angeles, California,…
Tag: hikes
Fed to Fight Inflation With Fastest Rate Hikes in Decades | Business News
By CHRISTOPHER RUGABER, AP Economics Writer WASHINGTON (AP) — The Federal Reserve is poised this week to accelerate its most drastic steps in three decades to attack inflation by making…
Credit card debt will cost you more with the Fed’s interest rate hikes (video)
Last week the Federal Reserve raised its federal funds rate by one quarter of a percentage point after the consumer price index soared to 7.9% in February, reaching a 40-year…