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U S Fed raises interest rates to tame 40-year-high inflation

Housing costs in Utah are jumping, but not as sharply as those in neighboring Colorado, where the median sales price for a Denver metro home was 615,000 dollars

U S Fed raises interest rates to tame 40-year-high inflation

Housing costs in Utah are jumping, but not as sharply as those in neighboring Colorado, where the median sales price for a Denver metro home was 615,000 dollars

U S Fed raises interest rates to tame 40-year-high inflation

Housing costs in Utah are jumping, but not as sharply as those in neighboring Colorado, where the median sales price for a Denver metro home was 615,000 dollars

Asian markets in retreat as Fed officials fan rate hike fears

Federal Reserve s Powell: High inflation exacts a toll

High inflation is taking a toll on American families, Federal Reserve Chair Jerome Powell acknowledged in remarks to be delivered at a Tuesday congressional hearing, where he is sure to face tough questions on the subject. “We know that high inflation exacts a toll, particularly for those less able to meet the higher costs of essentials like food, housing, and transportation,” Powell said in prepared testimony that was made public Monday. The Senate Banking Committee will hold a hearing on Powell's nomination to a second four-year term Tuesday.

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