Money

Mortgage rates have jumped, home sales have slumped and credit cards and auto loans have gotten pricier. Savings rates are slightly juicier, though.

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.

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

A poll shows that the workplace has gotten worse for younger employees, particularly those under 35 years old.

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.

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.

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.

The tentative railway labor agreement averted a nationwide strike that could have been devastating to the economy.

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.

Here are some questions people are likely to have about the standoff, along with answers about what it means for the economy.

Members of one union are rejecting a tentative deal with the largest U.S. freight railroads while three other unions remained at the bargaining table just days ahead of a national strike deadline.

A potential strike could impact shipments of everything from clothes to cars, hurting businesses nationwide as they deal with ongoing supply chain problems. The deadline to avoid a strike is Friday.

Many of the data points within the inflation report were worse than economists expected, including some the Fed pays particular attention to, such as inflation outside of food and energy pri

Inflation has driven up the costs of families’ grocery bills, rents, and utility costs, placing hardships on households and increasing gloom about the economy despite job growth and low unemployment.

A possible worker strike would threaten the U.S. economy with an estimated cost of $2 billion per day.

Hard Rock International, the global gambling, entertainment and hospitality company, said Monday it is spending over $100 million to give significant raises to 10,000 non-tipped workers, most of them in the U.S.

At one time, Queen Elizabeth II appeared on at least 33 different currencies, more than any other monarch, an achievement noted by Guinness World Records.

Western states facing inflation rate of 9.6% even as price increases show hint of slowdown.