Hike

Oh, you want to buy a house? The bad news is that right now, you would pay a historically high price for a home, and as of today, you’d also hand over more money in interest for the privilege to do so — a whopping 5 percent, on average.

CNN host Abby Phillip called out President Joe Biden on Sunday for repeatedly refusing to accept responsibility for the historic surge of gas prices.

U.S. stocks edged lower on Thursday on worries about the raging conflict in Ukraine and the outlook for U.S. interest rate hikes, putting the main indexes on course for their worst quarter since the pandemic crash in 2020.

The Federal Reserve approved the first interest rate hike in the U.S. since 2018 this month, and several more increases seem likely in the months to come.

Inflation has reached ghastly proportions, as a new report shows. Its oxygen supply must be cut.

Easter is the latest holiday to be affected by inflation, as price surges and shortages of necessary raw materials hamper candy producers.

About seven in ten Americans say President Joe Biden’s economy “is in bad shape,” a Friday Associated Press-NORC poll revealed.

A majority of Americans believe the world is less stable since President Joe Biden assumed office, a Wednesday TIPP poll revealed.

Investors expect the Federal Reserve to move much more aggressively with hiking interest rates in the coming months as inflation rises to multidecade highs.

The Bank of England has warned that inflation could hit 8 per cent by as early as next month in Britain as it raised interest rates to pre-pandemic levels on Thursday.