The Federal Reserve held interest rates steady Wednesday, as inflation remained stubbornly above the Fed’s 2% target. Investors now think it could be September or later before rates start to fall.
inflation
Posted inNPR
Why beating inflation is turning out to be as hard as losing weight
Annual inflation proved to be hotter than expected last month, staying stubbornly above 3%. It continues to move in the wrong direction in recent months. Pushing it lower is proving to be hard.
Posted inArticle
‘I’m going to have to cut more corners’: Hope Valley man faces tough choices amidst rising costs
Rising costs are hitting consumers everywhere from the gas pump to the grocery line. The impact can be especially hard on seniors living on fixed incomes. As part of our series on inflation’s impact on Rhode Islanders, reporter Joe Tasca introduces us to a Hope Valley retiree who is struggling to afford basic necessities while adjusting to life in subsidized housing.