Fewer people request US unemployment benefits amid solid hiring, high inflation

Applications for unemployment benefits last week saw their lowest number of claims since April. If the number continues to drop, the Federal Reserve could raise interest rates higher than it plans to slow the economy.

What Harris County commissioners are asking for to break spending stalemate
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Amid dire predictions of health care shortages, lost pay raises, and possible layoffs, there is word from Harris County Commissioner Tom Ramsey that none of it has to happen.

Costco CFO says hot dog combo price might remain $1.50 forever

Costco CFO Richard Galanti said the company's gas and travel sectors allowed the company to make up for loss at the food court.

CBO: Biden's student loan cancellation plan to cost $400B

The Biden administration previously estimated the plan would cost about $24 billion a year over the next 10 years.

Auto insurance rates up 8%
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FOX 26 Consumer Reporter Heather Sullivan has some smart sense on why your auto insurance rate is going on.

Butter shortage drives up prices ahead of holiday baking season

The average price of butter in August jumped 24.6% compared to a year ago, U.S. labor statistics show. Here’s what is driving the increase.

The cost of unemployment benefits fraud
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FOX 26 Consumer Reporter Heather Sullivan has some smart sense on how the cost of unemployment is benefitting fraud.

Dow hits 2022 low as markets sell off on recession fears

Stocks tumbled worldwide Friday on more signs the global economy is weakening, just as central banks raise the pressure even more with additional interest rate hikes.

How latest interest rate hike will affect credit cards, mortgages, car loans
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This week, the Fed raised interest rates for a 5th time this year to fight inflation up another three-quarters of a point. That means credit cards, mortgages and car loans are about to cost you more.

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.

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.

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.