America In Focus: Fed officials eye higher rates; unemployment claims fall

America In Focus: Fed officials eye higher rates; unemployment claims fall - Regional Media News

The economy, inflation and how those forces could impact the lives of Americans were front and center over the past week. Trips to the grocery store and gas station are more painful than they were last year, and rising costs are impacting the decisions of both households and businesses. Here's a snapshot of prominent economic data and news that occurred over the past week and what it potentially means for you. Many Federal Reserve officials thin…

America In Focus: Fed officials eye higher rates; unemployment claims fall

Many Federal Reserve officials think the central bank will have to lift its key short-term interest rate in the coming months if inflation doesn’t subside, minutes of the Fed’s meeting last month showed.