The Federal Reserve's favored inflation gauge slowed sharply last month, an encouraging sign in the Fed's yearlong effort to cool price pressures through steadily higher interest rates. Friday’s report showed consumer prices rose 0.3% from January to February.... Read More
Indiana House Republicans on Monday approved a bill that would ban all gender-affirming care for minors in the state, sending the measure to Indiana's Republican governor.... Read More
Attempted book bans and restrictions at school and public libraries continue to surge, setting a record in 2022, according to a report from the American Library Association. More than 1,200 challenges were reported in 2022, nearly double the total from 2021.... Read More
Sales of previously occupied U.S. homes surged in February to the fastest pace in six months as homebuyers seized on a modest drop in mortgage rates. The nation’s median price also edged lower, its first annual drop since 2012.... Read More
Cash-short banks have borrowed about $300 billion from the Federal Reserve in the past week, the central bank announced Thursday. Nearly half the money — $143 billion — went to holding companies for two major banks that failed over the past week.... Read More
Fewer Americans applied for jobless claims last week as the labor market continues to thrive despite the Federal Reserve's efforts to cool the economy and tamp down inflation. Applications for jobless claims in the U.S. fell by 20,000 to 192,000.... Read More
A new “good neighbor” rule issued by the Environmental Protection Agency will restrict smokestack emissions from power plants and other industrial sources that burden downwind areas with smog-causing pollution they can’t control.... Read More
Wholesale price increases in the United States slowed sharply last month as food and energy costs declined, a sign that inflationary pressures may be easing as the Federal Reserve considers whether to keep raising interest rates to fight higher prices.... Read More
A southern Indiana chemical plant released an orangish cloud of nitrogen oxide Tuesday, prompting officials to close nearby roads and issue shelter-in-place orders until the cloud dissipated.... Read More
U.S. consumer price increases eased slightly from January to February but still pointed to an elevated inflation rate that is posing a challenge for the Federal Reserve at a delicate moment for the financial system.... Read More
