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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Inflation Rose to 5 Percent in May
Supply chain and hiring challenges contribute to higher prices. A report released Thursday by the Department of Labor revealed that consumer prices increased 5 percent for the year…
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Job Openings at Record High
Hiring challenges are acute for several months. The Labor Department reported Tuesday that job openings rose to a new record high in April, along with the number of…
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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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