Fed hikes rate by three-quarters of a point in continued fight against inflation

Fed hikes rate by three-quarters of a point in continued fight against inflation

The Fed’s move boosted its benchmark short-term rate, which affects many consumer and business loans, to a range of 3% to 3.25%, the highest level since early 2008.

The Fed’s move boosted its benchmark short-term rate, which affects many consumer and business loans, to a range of 3% to 3.25%, the highest level since early 2008.

Existing home sales drop to lowest level since 2020

Existing home sales drop to lowest level since 2020

Sales of previously owned houses fell in August for the seventh consecutive month as rising interest rates pushed potential homebuyers out of the market.

Sales of previously owned houses fell in August for the seventh consecutive month as rising interest rates pushed potential homebuyers out of the market.

Rising interest rates offer better returns for savers

Rising interest rates offer better returns for savers

With the Federal Reserve expected to continue aggressive interest rate hikes to fight inflation, higher borrowing costs also mean a 'silver-lining' for some dedicated consumers. We're talking about savers. There aren't a lot who can, or do save.

With the Federal Reserve expected to continue aggressive interest rate hikes to fight inflation, higher borrowing costs also mean a 'silver-lining' for some dedicated consumers. We're talking about savers. There aren't a lot who can, or do save.

Here's how much more you'll pay to heat your home this winter

Here's how much more you'll pay to heat your home this winter

The average cost of heating a household this winter is set to increase by 17.2%, according to a forecast by the National Energy Assistance Directors Association.

The average cost of heating a household this winter is set to increase by 17.2%, according to a forecast by the National Energy Assistance Directors Association.

$19M Lotto Texas jackpot-winning ticket sold in Montgomery County

$19M Lotto Texas jackpot-winning ticket sold in Montgomery County

Check your tickets! A jackpot-winning Lotto Texas ticket worth an estimated annuitized $19 million was sold in Montgomery County, and the prize has yet to be claimed.

Check your tickets! A jackpot-winning Lotto Texas ticket worth an estimated annuitized $19 million was sold in Montgomery County, and the prize has yet to be claimed.

Woman wins $100K lottery twice in 2 years

Woman wins $100K lottery twice in 2 years

An Iowa woman has now won two $100,000 lottery prizes in a little more than two years.

An Iowa woman has now won two $100,000 lottery prizes in a little more than two years.

Federal reserve to announce another interest rate hike
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Federal reserve to announce another interest rate hike

Economists and investors are on edge this week as many are fearful the fed may get too aggressive and send the economy into a downward spiral.

Economists and investors are on edge this week as many are fearful the fed may get too aggressive and send the economy into a downward spiral.

Paid your student loans during the pandemic? Here's how to get a refund

Paid your student loans during the pandemic? Here's how to get a refund

Borrowers who paid down their debt during a pandemic freeze that started in March 2020 can in fact get a refund — and then apply for forgiveness.

Borrowers who paid down their debt during a pandemic freeze that started in March 2020 can in fact get a refund — and then apply for forgiveness.

EXPLAINER: How the strong U.S. dollar can affect everyone

EXPLAINER: How the strong U.S. dollar can affect everyone

After rising again Friday, the dollar is near its highest level in more than two decades against a key index measuring six major currencies, including the euro and Japanese yen.

After rising again Friday, the dollar is near its highest level in more than two decades against a key index measuring six major currencies, including the euro and Japanese yen.

Here's how inflation can show up on your restaurant bill

Here's how inflation can show up on your restaurant bill

Restaurants, in particular, have been hit hard by the pandemic and inflation. Wholesale food costs for things like eggs, butter, and flour have skyrocketed over the past 12 months.

Restaurants, in particular, have been hit hard by the pandemic and inflation. Wholesale food costs for things like eggs, butter, and flour have skyrocketed over the past 12 months.

Beating high travel prices during the holiday season
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Beating high travel prices during the holiday season

Be ready if you want to travel this holiday season. FOX 26?s Consumer Reporter Heather Sullivan has some Smart Sense on how to beat the high prices.

Be ready if you want to travel this holiday season. FOX 26?s Consumer Reporter Heather Sullivan has some Smart Sense on how to beat the high prices.

Social Security cost-of-living increase could be largest in 40 years, estimate says

Social Security cost-of-living increase could be largest in 40 years, estimate says

For the average retiree who got a monthly check of $1,656 this year, an adjustment of 8.7% would boost the payment by $144.10, according to an advocacy group’s estimate.

For the average retiree who got a monthly check of $1,656 this year, an adjustment of 8.7% would boost the payment by $144.10, according to an advocacy group’s estimate.

Biden: Tentative railway labor deal reached, averting strike

Biden: Tentative railway labor deal reached, averting strike

President Joe Biden said Thursday that a tentative railway labor agreement has been reached, averting a potentially devastating strike before the pivotal midterm elections.

President Joe Biden said Thursday that a tentative railway labor agreement has been reached, averting a potentially devastating strike before the pivotal midterm elections.