Unemployment claims fall despite rising inflation, recession fears

Unemployment claims fall despite rising inflation, recession fears

ABC News’ Deirdre Bolton breaks down first-time unemployment claims falling slightly last week, despite worsening fears about recession, spiraling inflation and pain at the pump.

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Federal Reserve preparing to issue more interest rate hikes

Federal Reserve preparing to issue more interest rate hikes

ABC News Washington correspondent Alex Presha discusses how the White House is addressing concerns the U.S. could be heading toward a recession.

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Federal Reserve hikes interest rate by 0.75%

Federal Reserve hikes interest rate by 0.75%

The rate hike of 0.75% marks the largest increase since 1994.

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