The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the central bank about the health of the nation’s labor market.
The Federal Reserve is facing economic uncertainty and political pressure as it meets this week to decide whether to cut interest rates.
A recent poll from a Florida business group suggests state residents are most concerned with the cost of insurance and the pressures of inflation above all else.
The latest inflation report shows prices were up in January, pushing the annual inflation rate to 3%. News 6 Anchor Lisa Bell spoke with CBS News business analyst Jill Schlesinger to dig deeper into the Consumer Price Index.
As egg prices soar and some grocery stores place limits on how much you can buy, Clermont has changed its law to allow its residents to raise and keep backyard chickens.
Inflation in the United States ticked slightly higher last month, signaling that some prices remain stubbornly elevated as the holiday season approaches.
One of the top remaining vacancies in President-elect Donald Trump’s proposed Cabinet is his treasury secretary — and the views of his top contenders there reflect broader questions about how the president-elect might wield tariffs in his new administration.
While inflation is still an issue nationwide, Florida has seen a larger surge than many other states, largely thanks to the flood of people moving to the Sunshine State.
Holiday spending this year in the U.S. is expected to surpass pre-pandemic averages for the first time, according to a survey developed by Deloitte Development, LLC.
The Federal Reserve left its benchmark interest rate unchanged for the second time in its past three meetings, a sign that it’s moderating its fight against inflation as price pressures have eased.
It’s no secret that many people have faced financial struggles over the last few years amid rising costs for simple necessities: groceries, utilities and rent, to name just a few.
The government’s report Thursday that the economy grew at a 1.1% annual rate last quarter signaled that one of the most-anticipated recessions in recent U.S. history has yet to arrive.
A local nonprofit is calling for community support as they fear the high cost of living and inflation may prevent them from helping families in need in the future.
The Federal Reserve last week raised interest rates for the ninth time in the last year as it works to tame lingering inflation and slow down the economy.
The Second Harvest Food Bank of Central Florida, along with charity organization Serenity’s Grace, are getting results for families who are struggling to put food on the table.
Federal Reserve Chair Jerome Powell said Tuesday that if the U.S. job market further strengthens in the coming months or inflation readings accelerate, the Fed might have to raise its benchmark interest rate higher than it now projects.
Federal Reserve officials suggested at their most recent meeting that a continuing streak of robust hiring could keep inflation elevated and was a key reason why they expected to raise interest rates this year more than they had previously forecast.
Shrugging off rampant inflation and rising interest rates, the U.S. economy grew at an unexpectedly strong 3.2% annual pace from July through September, the government reported Thursday in a healthy upgrade from its earlier estimate of third-quarter growth.
The Pet Alliance of Greater Orlando believes inflation and higher costs of living could be contributing to lower adoption numbers this December.
Shares of Uber are surging after the company said there is little evidence that Americans are pulling back on hailing rides or ordering food deliveries despite soaring inflation.
Two of the nation’s largest grocers have agreed to merge in a deal that would help them better compete with Walmart, Amazon and other major companies that have stepped into the grocery business.
President Joe Biden is calling on Congress to suspend federal gasoline and diesel taxes for three months — an election-year move meant to ease financial pressures.
According to The Wedding Report, 2.5 million weddings are expected this year, marking the most since 1984. And with inflation at an all-time high, the timing could not be worse.
Thousands of Central Florida families who relied on free meals at school throughout the pandemic will have to apply for the benefit starting this next school year, but there are options for the summer.
Federal Reserve Chair Jerome Powell has pledged to do whatever it takes to curb inflation, now raging at a four-decade high and defying the Fed’s efforts so far to tame it.
Jeff Shell, the CEO of NBCUniversal, discussed the economic condition of the company’s theme parks at the 24th Annual Credit Suisse Communications Conference Tuesday.
The Federal Reserve intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three decades — and signaling more large rate increases to come that would raise the risk of another recession.
Sen. Linda Stewart, D-Orlando, called for an immediate moratorium on the Florida gas tax Friday, calling for Gov. Ron DeSantis to take action and provide “immediate fuel price relief” for Florida residents.
Three businesses in Lake County are being forced to shut their doors because of nationwide problems — workforce shortages and inflation.
The Biden administration is considering tapping a rarely used diesel reserve to help ease the pain at the gas pump as inflation continues to drive up prices.
U.S. producer prices soared 11% in April from a year earlier, a hefty gain that indicates high inflation will remain a burden for consumers and businesses in the months ahead.
Inflation eased slightly in April after months of relentless increases but remained near a four-decade high, making it hard for millions of American households to keep up with surging prices.
U.S. Rep. Darren Soto, D-Kissimmee, joined anchor Justin Warmoth on "The Weekly" to discuss the potential ruling, inflation, and whether he believes the Biden Administration is doing enough to curb the high cost of living.
President Joe Biden has journeyed to corn-rich Iowa to announce he's suspending federal rules that restrict ethanol in gasoline, aiming to strike at least a small blow against surging inflation.
Inflation soared over the past year at its fastest pace in more than 40 years, with costs for food, gasoline, housing and other necessities squeezing American consumers and wiping out the pay raises that many people have received.
It seems like you hear about it more and more these days: The extreme lengths people are going to in order to buy a new house; how much it costs to fill up the gas tank; and what we’re spending at the grocery store.
The nationwide average price for a gallon of unleaded gas has reached record highs in 2022, according to GasBuddy.com.
Just last week, we asked you, our readers and viewers: When it comes to inflation, or even just when you hear the word, what do you think of first? Or better yet, what’s affecting your life the most?
If you’re in the Jacksonville, Florida area, you’ve likely seen the logjam of container ships sitting idly offshore. The vessels are packed with items destined for store shelves -- and they’re things business owners and consumers desperately need delivered.
If you’ve been to the gas pumps lately, or even listened to any news outlet, you’re likely well aware that gas prices are at a painful high.
Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982 and likely only a harbinger of even higher prices to come.
With the gas prices shattering a record high on Tuesday, concerns are rising about the impact it will have on Central Florida tourism.
Singapore-based shipping company Sea Lead will now service Jacksonville Port Authority, Florida Gov. Ron DeSantis said Friday.
Even with inflation reaching its highest point in 40 years, it seems the high price of gas — at its highest level in eight years — is frustrating Americans the most.
With the Federal Reserve signaling it will begin raising its benchmark interest rate as soon as March — and probably a few additional times this year — consumers and businesses will eventually feel it.
With inflation punishing consumers and threatening the economy, the Federal Reserve will likely signal its intent this week to begin raising interest rates in March for the first time in three years.
Inflation jumped at its fastest pace in nearly 40 years last month, a 7% spike from a year earlier that is increasing household expenses, eating into wage gains and heaping pressure on President Joe Biden and the Federal Reserve to address what has become the biggest threat to the U.S. economy.
As South Florida home prices spiked during the pandemic, some people decided to put their home shopping on pause in the hopes that prices might drop, a decision they are coming to regret.
U.S. consumer prices rose 5.7% over the past year, the fastest pace in 39 years as a surge in inflation battered Americans as the holiday shopping season was getting under way.
:strip_exif(true):strip_icc(true):no_upscale(true):quality(65)/cloudfront-us-east-1.images.arcpublishing.com/gmg/C67CNH253RDGDOUMCTJGG4BJSI.jpg)
:strip_exif(true):strip_icc(true):no_upscale(true):quality(65)/cloudfront-us-east-1.images.arcpublishing.com/gmg/BMTY5WP3INGMDERX3SBJVK2IEQ.jpg)