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Facing a stronger-than-expected economy and sticky inflation in core prices, the Federal Reserve signaled Wednesday it’s going to hike interest rates two more times before the year is through despite taking a break in June. The June pause marks the first interval in one of the fastest quantitative tightening cycles in the history of the…
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The stock market may be closely watching the chance of an official economic recession, but many Americans across the country are already feeling the squeeze as they contend with higher prices and borrowing costs than they saw a year ago. While Evelyn Canela, 31, a senior program director at a nonprofit based in Harlem, said…