The Federal Reserve raised interest rates by a quarter-percentage point as part of its ongoing effort to fight inflation. Price hikes have begun to ease, but the Fed says inflation is not yet tamed.
The Consumer Financial Protection Bureau wants to cap late fees at $8. Banking groups say the proposal would result in higher costs for consumers.
The Federal Reserve is expected to continue its crackdown on inflation by raising interest rates, but only by a quarter percentage point. That would be the smallest rate hike since last March.
A new book says the Great Resignation was really the Great Reshuffle.
NPR's Steve Inskeep talks to Ken Kuttner, economics professor at Williams College, about the Federal Reserve's next expected interest rate hike. It would mark the eighth increase since March of 2022.
During the pandemic, the cost to fill and transport a shipping container skyrocketed. Now, shipping rates have dropped by roughly 80% over the last six months.
China has been trying to woo back foreign investors and businesses after nearly three years of self-imposed isolation, but a quick economic recovery will also hinge on domestic consumption.
NPR has been tracking prices at a Walmart in Georgia for four years. The latest shopping trip tells us a lot about what's been happening in world trade and the U.S. economy.