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Federal Reserve Chairman Jerome Powell speaks during a news conference at the Federal Reserve Board building in Washington, Wednesday, July 27, 2022. The Fed's rate hiking cycle has begun to cause the country's economic situation to decline as fears of a recession percolate.

The US is not in recession, Fed Chairman Powell says

Zach Halaschak -
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Federal Reserve Chairman Jerome Powell attends a news conference following an Open Market Committee meeting, at the Federal Reserve Board Building, Wednesday, June 15, 2022, in Washington.

Fed conducts massive rate hike in bid to rein in soaring inflation

Zach Halaschak -
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A McDonald's restaurant sign is shown in Pittsburgh on Saturday, April 23, 2022. McDonald's confirmed Wednesday, July 27, 2022 that the iconic burger was one among a number of items facing price increases across its U.K. restaurant network. (AP Photo/Gene J. Puskar)
News

McDonald’s raises price of cheeseburger in UK for first time in 14 years

Asher Notheis -
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$300 direct tax rebate payments to be sent to some Hawaii residents next month
Economy

$300 direct tax rebate payments to be sent to some Hawaii residents next month

Jack Birle -
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FILE - Consumers shop at a Walmart store in Vernon Hills, Ill., Sunday, May 23, 2021. U.S. consumer confidence fell in August to the lowest level since February amid rising concerns about the rapidly spreading delta variant of the coronavirus and worries about higher inflation. The Conference Board reported Tuesday, Aug. 31, 2021 that its consumer confidence index dropped to a reading of 113.8 in August, down from a revised 125.1 in July.
Economy

Consumer confidence falls for third straight month amid soaring inflation

Washington Examiner -
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U.S. Senator Elizabeth Warren (D-MA) speaks during a Senate Banking, Housing and Urban Affairs Committee hearing with U.S. Treasury Secretary Janet Yellen on “Financial Stability Oversight Council Annual Report to Congress,” on Capitol Hill in Washington, U.S., May 10, 2022.
Beltway Confidential

Elizabeth Warren beckons the Fed to punish the working class with more inflation

Tiana Lowe Doescher -
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Brian Deese, the director of President Joe Biden's National Economic Council, faced a bevy of questions at Tuesday's White House press briefing about the administration's ongoing messaging on inflation and a potential recession.
News

White House hammered over recession and inflation spin

Christian Datoc -
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Tiana Lowe on Fox Business
News

WATCH: Tiana Lowe warns Biden economy ‘gets much worse’

Julia Johnson -
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Discussions on the future of Social Security have occurred in Congress for years, and experts have warned that the program could be insolvent in 10 years if nothing is done.
Business

$18 minimum wage initiative unlikely to appear on 2022 ballot after CA judge ruling

Washington Examiner -
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In this photo, the seal of the Board of Governors of the United States Federal Reserve System is displayed in the ground at the Marriner S. Eccles Federal Reserve Board Building in Washington.

Fed set for another huge rate hike — the only question is how big

Zach Halaschak -
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