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Inflation worries grow as feds grapple with interest rates

Inflation worries grow as feds grapple with interest rates
In a pivotal meeting that concluded on Wednesday, Federal Reserve officials faced uncertainties regarding the U.S. inflation trajectory, questioning whether progress had stalled. Despite previously setting a benchmark for potentially lowering interest rates, based on ... more
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Inflation crisis: Will you be able to afford basics in 2024?

Inflation crisis: Will you be able to afford basics in 2024?
Inflation's Sticky Situation In a recent Federal Reserve meeting, officials grappled with an inflation rate that's stubbornly staying around 3.2 percent. This persistence sparks concerns about the Fed's ability to bring inflation back to normal ... more
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Social Security and Medicare cuts could be coming: What would prompt it?

Social Security COLA money
In a revealing shift, former President Donald Trump hinted on Monday that he's open to the idea of cutting Social Security and Medicare, marking a stark contrast from his previous position and recent critiques of ... more
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2024 tax refunds see boost: Averaging 5% higher than 2023

What happens if I don’t file my taxes on time?
In the 2024 tax filing season, Americans are pocketing larger refunds from the Internal Revenue Service (IRS), with the average refund climbing to $3,182, a 5.1% increase over last year's average of $3,028. Despite the ... more
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IRS overhaul proposed as Biden takes aim at tax cheats, modernizing operations

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In a significant move to enhance the Internal Revenue Service's (IRS) capabilities, President Joe Biden has proposed a $12.3 billion budget for the IRS in fiscal year 2025. This funding level matches the agency's 2023 ... more
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Inflation: Rising long-term prices signal challenges ahead for federal reserve

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A recent survey from the New York Federal Reserve reveals growing consumer concerns over inflation, with long-term expectations surging beyond the Federal Reserve's target. The Survey of Consumer Expectations indicated that while the one-year inflation ... more
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Daylight Saving Time: Politicians push for permanent spring forward

NY senator proposes permanent daylight saving time
As Americans brace themselves for the biannual clock change, Senators Rick Scott and Marco Rubio have reignited the conversation around making daylight saving time (DST) permanent. With the support of a bipartisan bill, the Sunshine ... more
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FLX Today: How much is too much for a Thanksgiving turkey? Wegmans pushes the limits! (video)

FLX Today: How much is too much for a Thanksgiving turkey? Wegmans pushes the limits! (video)
How much is too much for a fully-cooked turkey? While going out to eat is not uncommon on holidays like Thanksgiving, a pre-cooked turkey from Wegmans has an eye-popping price tag. How much does it ... more
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Inflation slows to 7.7% for the last 12 months

Inflation slows to 7.7% for the last 12 months
Inflation rates appear to be slowing as new data shows that consumer inflation reached 7.7% in October for the previous year. This year to year gain has been the smallest one since January. Not taking ... more
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Two thirds of Americans surveyed think the U.S. is in a recession

Two thirds of Americans surveyed think the U.S. is in a recession
Two thirds of registered voters in the U.S. believe that the current economy is actually in the midst of a recession. This data was collected using a Politico-Morning Consult Poll. While 22% of Americans surveyed ... more
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Candy that had the highest rate of inflation ahead of Halloween

Candy that had the highest rate of inflation ahead of Halloween
Nothing has been safe from inflation, and that includes candy ahead of Halloween. One of the most important parts of Halloween is the candy, but even that has become more expensive. Nothing is off limits ... more
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Inflation and the car market; will it ever go back to normal?

Inflation and the car market; will it ever go back to normal?
Inflation has impacted a lot of things, but it's really hurt the car market for American consumers. Will it ever go back to normal? New vehicle prices have been incredibly high since inflation took hold ... more
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Inflation and Thanksgiving: Prices are soaring just in time for holiday dinners

Inflation and Thanksgiving: Prices are soaring just in time for holiday dinners
Inflation has already made grocery shopping unaffordable for Americans, and now it's increasing just in time for Thanksgiving and holiday dinners. Graphic courtesy of the Farm Bureau Americans are expected to pay record breaking prices ... more
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Social Security: Seniors are missing out on payments thanks to income limits failing to adjust for inflation

Social Security: Seniors are missing out on payments thanks to income limits failing to adjust for inflation
When it comes to receiving government benefits, there are income limits, and seniors are at risk of missing out thanks to limits not being adjusted for inflation like Social Security is. When seniors see their ... more
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Inflation: Vice President Kamala Harris promotes Inflation Reduction Act in Upstate NY as wages for workers fail to keep up

Inflation: Vice President Kamala Harris promotes Inflation Reduction Act in Upstate NY as wages for workers fail to keep up
As inflation doesn't appear to be slowing down anytime soon, it's becoming painfully noticeable that working wages aren't keeping up with the inflation rate. Now, Kamala Harris is promoting the Inflation Reduction Act in response ... more
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The Inflation Reduction Act and current inflation rates

The Inflation Reduction Act and current inflation rates
Inflation is still high and Americans are wondering what is being done to help. Luckily, the Inflation Reduction Act is underway and we know the inflation rates. Hurricane season: Why a delayed start doesn’t mean ... more
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Inflation: 10 items that have increased in price by up to 98% at Walmart in two years

Walmart makes new investments and new rewards program
Grocery prices have increased dramatically since the Covid-19 pandemic. With the inflation rate at 8.5%, you will even notice price hikes at Walmart. Direct payments and relief checks going out in September in these four ... more
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Americans over the age of 65 are struggling to pay for medications: Will Inflation Reduction Act fix problem in time?

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Will the Inflation Reduction Act reduce the cost of medications to those over the age of 65? That question has been at the center of debate since Congress announced passage of the package. Susan Hunter, ... more
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Inflation: Local food pantries are overwhelmed as more families struggle to afford groceries (video)

Inflation: Local food pantries are overwhelmed as more families struggle to afford groceries (video)
The U.S. economy has been hit hard by inflation. Families in New York are struggling to pay for food, and local food pantries are feeling the pressure. COVID and supply chain disruptions kickstarted inflationary pressures ... more
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