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
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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Fed raises interest rates by 0.75% in effort to curb inflation
The Federal Reserve announced its biggest interest hike in nearly three decades on Wednesday as fears of a recession continue to mount.
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Federal Reserve hikes interest rate by 0.75%
The rate hike of 0.75% marks the largest increase since 1994.
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Dow plummets as fears rise over inflation, bear market
Stocks were down sharply on Monday amid fears over inflation and Federal Reserve rate increases. ABC News financial reporter Alexis Christoforous has the latest on the economy.
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Inflation rate is highest in 40 years
ABC News business reporter Alexis Christoforous reports on the new consumer price index data showing inflation is up 8.6% over the last year.
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US employers add 390,000 jobs in May
The unemployment rate was unchanged at 3.6%. WATCH the ABC News Livestream: https://bit.ly/3rzBHum SUBSCRIBE to ABC News: https://bit.ly/2vZb6yP WATCH MORE on http://abcnews.go.com/ LIKE ABC News on FACEBOOK: https://www.facebook.com/abcnews FOLLOW ABC News on TWITTER: https://twitter.com/abc #ABCNews #unemployment #USJobs
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Rate hike for Verizon
Verizon will increase its prices for consumer and business customers.
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