inflation

Powell expects a quarter-point Fed rate hike this month

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WASHINGTON (AP) — Chair Jerome Powell said Wednesday that he supports a traditional quarter-point increase in the Federal Reserve’s benchmark short-term interest rate when the Fed meets later this month, rather than a larger increase that some of its policymakers have proposed. But Powell did open the door to a bigger hike in the event … Read more

Biden’s message to Americans worried about Russia’s invasion of Ukraine: ‘We are going to be OK’

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CNN — President Joe Biden sent a message of empathy to the American people worried about the effects that Russia’s invasion of Ukraine may have on gas prices and other everyday goods that have already been getting more expensive. Speaking to political leaders in Washington, Biden started his State of the Union address by sending … Read more