Fed minutes: Officials cited strong hiring to justify hikes
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.
US economy grew 3.2% in Q3, an upgrade from earlier estimate
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 reliability and role of US election polling
Pre-election polls for the 2020 U.S. presidential race commonly forecasted Joe Biden winning by a larger margin than he did over President Donald Trump. Hear the AP discuss the reliability of surveys and the role they should play in elections. (Oct. 17)
news.yahoo.comKansas voters uphold right to an abortion: CBS News Flash August 3, 2022
CBS News projects that Kansas voters will uphold the right to an abortion, rejecting a measure that would have tightened curbs or banned abortions, statewide. House Speaker Nancy Pelosi, in Taiwan, says went there in peace for the region. China is fuming about the visit. And the Senate has passed the bill to expand health care benefits for veterans who were exposed to burn pits during their military service.
news.yahoo.comInflation & the housing crisis: Families forced into desperation
Inflation & the housing crisis: Families forced into desperation Many of you are being forced to make some drastic decisions. 9 investigates how the rise of inflation has left people desperate to find a roof at night. 9 Investigates how the rise of inflation has left people desperate to find a roof at night at 5 p.m. Thursday on Channel 9 Eyewitness News. Read: US inflation surges again in June, raising risks for economy14 states approve stimulus checks as inflation continues to rise As an answer to soaring inflation and high gas prices 14 states are offering stimulus payments. (NCD)Inflation housing crisis Families forced into desperation (WFTV)©2022 Cox Media Group
wftv.comFed attacks inflation with its largest rate hike since 1994
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.
Inflation climbs at fastest pace in nearly 40 years
Inflation surged to its highest level in nearly four decades in 2021. The Consumer Price Index increased by 0.5% in December, for a total annual increase of 7%. CBS News senior White House correspondent Weijia Jiang and CBS News congressional correspondent Scott MacFarlane join CBSN to discuss the Biden administration's plans to combat inflation and what it means for Americans moving forward.
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