How Federal Reserve’s series of rate hikes could affect your finances

How Federal Reserve’s series of rate hikes could affect your finances

As interest rates increase, many economists say they fear a recession could happen — and with it, job losses that may cause hardship for households already badly impacted by inflation.

As interest rates increase, many economists say they fear a recession could happen — and with it, job losses that may cause hardship for households already badly impacted by inflation.

Nearly half of US workers hope to get promoted, a raise in 2023, survey shows

Nearly half of US workers hope to get promoted, a raise in 2023, survey shows

According to the survey, which polled 1,000 full-time U.S. employees in December, the majority of respondents (60%) felt somewhat valued or not at all valued at work.

According to the survey, which polled 1,000 full-time U.S. employees in December, the majority of respondents (60%) felt somewhat valued or not at all valued at work.

November inflation rises at the slowest rate this year, beating expectations

November inflation rises at the slowest rate this year, beating expectations

Inflation rose 7.1% year-over-year in November, a slowdown from the 7.7% increase in October. Here's what this means for the economy and future interest rate hikes.

Inflation rose 7.1% year-over-year in November, a slowdown from the 7.7% increase in October. Here's what this means for the economy and future interest rate hikes.

Gas prices plunge to new low, expected to keep dropping in 2023: AAA

Gas prices plunge to new low, expected to keep dropping in 2023: AAA

The national average cost for a gallon of gas fell to $3.26, 52 cents less than a month ago and six cents less than a year ago, according to AAA.

The national average cost for a gallon of gas fell to $3.26, 52 cents less than a month ago and six cents less than a year ago, according to AAA.

Fed raises key interest rate by half a point, signals more to come

Fed raises key interest rate by half a point, signals more to come

The latest move will further heighten the costs of many consumer and business loans and increases the risk of a recession.

The latest move will further heighten the costs of many consumer and business loans and increases the risk of a recession.

Americans say holiday gifts harder to afford

Americans say holiday gifts harder to afford

More than half of U.S. adults say it’s harder to afford the holiday gifts they want to give this year.

More than half of U.S. adults say it’s harder to afford the holiday gifts they want to give this year.

These US states are raising minimum wage in 2023, with 4 above $15

These US states are raising minimum wage in 2023, with 4 above $15

More than 20 states are raising their minimum wage next year, some adjusting for inflation and others to build their way up to the called-for $15 an hour.

More than 20 states are raising their minimum wage next year, some adjusting for inflation and others to build their way up to the called-for $15 an hour.

What to know regarding new IRS rule on Venmo payments

What to know regarding new IRS rule on Venmo payments

If you use third-party payment platforms, such as Venmo or PayPal, you may soon be under added scrutiny by the Internal Revenue Service.

If you use third-party payment platforms, such as Venmo or PayPal, you may soon be under added scrutiny by the Internal Revenue Service.

Still missing your tax refund? The IRS will soon pay you 7% interest

Still missing your tax refund? The IRS will soon pay you 7% interest

Taxpayers still waiting to receive their 2021 tax refund will soon be paid 7% interest on the money by the IRS – but the money is taxable.

Taxpayers still waiting to receive their 2021 tax refund will soon be paid 7% interest on the money by the IRS – but the money is taxable.

Los Angeles is the fourth most expensive city to live in the world

Los Angeles is the fourth most expensive city to live in the world

Los Angeles is a very expensive city to live in - this we all know. In fact, it ranks high among the most expensive cities to live in the world.

Los Angeles is a very expensive city to live in - this we all know. In fact, it ranks high among the most expensive cities to live in the world.