Watch live: Fed Chair Jerome Powell appears before Senate Banking Committee

Fed Chair Jerome Powell is testifying before the Senate Banking Committee. Powell told Congress the Fed could raise interest rates more than planned to tame inflation. Price increases and job growth have surged lately. RELATED: Biden meets with Jerome Powell…

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How Fed interest rate hikes will affect your credit card, mortgage | USA TODAY

This is why the Federal Reserve raises interest rates, and what it means for your bottom line. RELATED: How do Federal Reserve interest rate changes affect your finances? https://bit.ly/3XSVTaI The Federal Reserve is expected to whittle down the size of…

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The US job market is cooling. Here’s what that means for workers | JUST THE FAQS

From layoffs to hiring freezes, there are signs that the job market in the U.S. is slowing. Here’s what workers should know. RELATED: Holiday shopping: Why you’ll see deep holiday discounts amid inflation https://bit.ly/3Di5ksh » Subscribe to USA TODAY: http://bit.ly/1xa3XAh…

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Is a recession inevitable? | States of America

Inflation reached a high of 9.1 percent earlier this year, the highest rate in more than four decades. In response, the Fed has raised interest rates five times. The question millions of Americans are asking is: When will the pain…

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Biden meets with Jerome Powell to address inflation across US | USA TODAY

The White House and the Federal Reserve are grappling with how to deal with inflation. RELATED: Biden, Democrats introduce legislation to ease baby formula shortage https://bit.ly/3z9KY38 » Subscribe to USA TODAY: http://bit.ly/1xa3XAh » Watch more on this and other topics…

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Economy could fall into recession, according to one Wall Street bank | JUST THE FAQS

Deutsche Bank is the first big bank predicting a recession. Here’s why it will probably be a mild one. RELATED: The Great Recession: many Americans still suffering https://bit.ly/3NXxCMk A recession in the U.S. is brewing as the Federal Reserve is…

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