Federal Reserve raises key interest rate for 11th time by a quarter-point in effort to slow inflation

The Federal Reserve raised its key interest rate Wednesday for the 11th time in 17 months, a streak of hikes that are intended to curb inflation but that also carry the risk of going too far and triggering a recession.

Fed Reserve hikes interest rates to 22-year-high
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LiveNOW's Andy Mac spoke with David Ragland, financial planner and CEO of IRC Wealth Management, about what the rate hike means for the consumers and the economy. More LiveNOW from FOX streaming video

Auto-loan rejections are up as Federal Reserve raises key interest rate

The Federal Reserve's decision Wednesday to raise its benchmark rate for the 11th time, by a quarter-point, could once again send ripple effects across the economy.

Trader Joe’s cookies recalled for possibly containing rocks

Trader Joe’s said it was alerted by their supplier that certain batches of two types of their cookies may contain rocks.

Cupkin children's cups sold on Amazon recalled over excess lead levels

Cupkin says liquid in the recalled cups is "not exposed to lead due to the double walled construction," but exposure can occur if the cup bottoms are mistreated.

What's the magic behind the 'Barbie' movie marketing mania?

Ahead of Friday’s U.S. release of the “Barbie” movie, parent company Mattel has created a product marketing blitz with more than 100 brands plastering pink everywhere.

Sam’s Club offering new memberships to teachers at discounted rate

The problem of classroom funding is widespread and Sam’s Club is looking to ease the burden for educators across the country with 60% off a new membership.

UPS strike could be the most expensive in 100 years

Small businesses and consumers face "lasting harm" from a looming UPS strike, according to an economic analysts.

Wholesale used car prices dip to pre-pandemic levels, report finds

The decline in vehicle prices shows a change in the used car market, which has been affected in part by supply chain issues and increased consumer demand.