The Federal Reserve raised interest rates, with the biggest hike in nearly three decades, in order to help fight inflation. The move also triggers fears about the possible side effects, an economic slowdown or even a recession.
The Federal Reserve aggressively raises interest rates again, the third time they’ve done that this year. The move is an attempt to bring down record-high inflation, but it’s expected to have an immediate impact on how much Americans will have to pay to borrow money. It is already sparking fears of a possible recession.
Consumer News: A look at current gas prices, rates for airfare up nearly 50% from January
Dr. Anthony Fauci has tested positive for COVID-19.
Between the rising heat and rising inflation, one price you can definitely count on paying more for is your air conditioning bills. Even when it’s this hot outside, there are still small ways to help you save big.
Consumer News: Economic concerns mount with experts predicting another interest rate hike
There are some safety tips you should be aware of before jumping in bodies of water to beat the heat.
Consumer News: Where gas prices currently stand in the Midlands, SC Motor Fuel User Fee to go up 2 cents next month and more
A bipartisan group of 20 senators reached a deal over the weekend, in what could be some of the most significant congressional action on guns in decades. Although it falls short of the tough restrictions he was calling for, President Joe Biden says this is a step in the right direction after a streak of mass shootings across the country.
Stocks fall overnight, as a new workweek brings new concern about inflation, rising interest rates and more worries on Wall Street.
