The Federal Reserve hiked interest rates by 75 basis points for the third straight meeting after inflation numbers came in hotter than expected for August. The federal funds rate boost is in line with Wall Street’s expectations as Chair Jerome Powell has promised to keep forging ahead until they are “very confident” inflation is coming…

New York Attorney General Letitia James filed a major civil lawsuit Wednesday against former President Donald Trump, as well as three of his children and the Trump Organization. James is accusing them of a decade of major fraud and claiming the former president used it to enrich himself. According to James’ nearly 300-page suit, the…

More than 150 leaders around the world have come together this week to discuss concerns in their countries at the United Nations General Assembly. While food shortages, fuel prices, and climate change have been touched on, the focus has remained largely on Russia. As we enter day two of the UN General Assembly, President Joe…

On Sept. 21, 2022, a special master has addressed his role in reviewing documents seized at Mar-a-Lago; the House of Representatives is set to vote on a Electoral Count Act reform proposed by Jan. 6 House Committee members, and the Federal Reserve is expected to announce an interest rate hike once again. Special master first…

As the old saying goes, the cure for high prices is high prices. But that line won’t work for food prices at the grocery store, which in August marked the highest 12-month surge since 1979. Groceries are up 13.5% on the year, driven by spikes in the price of eggs (39.8%), chicken (16.6%), cereal (16.4%)…

There is fresh optimism among Democrats that the November midterm elections may not be the disaster they once expected. A string of legislative victories, including the Inflation Reduction Act and aid for veterans exposed to burn pits, has boosted President Biden’s approval ratings and re-energized his party. Despite the renewed hope, Straight Arrow News contributor…

August’s disappointing, market-crashing inflation numbers provided consumers little relief when it comes to the cost of living. As energy cools, food is proving to be one of the most persistent and painful parts of inflation that families can’t avoid. Food at home is up 13.5% on the year, the largest 12-month increase since 1979. Even…

On Sept. 13, 2022, King Charles III will meet with mourners in Northern Ireland as the United Kingdom prepares for Queen Elizabeth’s funeral next week; the White House is celebrating the Inflation Reduction Act on the day new inflation numbers are released; and the final set of primaries are being held today ahead of midterms…

The annual inflation rate cooled for the second straight month, reaching 8.3% in August after peaking at 9.1% in June. Consumer prices continued to see relief in energy, helping drive down the annual rate, according to the Bureau of Labor Statistics report. Monthly consumer prices rose 0.1 % from July to August. Gas prices continued…

The U.S. is barreling toward a railroad strike this week that could cost the economy $2 billion a day and send food prices soaring even higher. Labor unions and freight railroads worked through the weekend trying to reach a contract but have yet to come to terms. Both sides have until Friday before workers are…