Americans changing holiday travel plans due to inflation, survey finds

Over the holidays, many Americans are opting for fewer days of travel, cheaper accommodations, and shorter distances due to rising costs, a recent survey found.

More couples are asking wedding guests to help buy a home, experts say

The wedding experts at Zola.com (http://zola.com/) said they’ve seen the number of couples asking for housing-related funds double since 2019.

Fewer people request US unemployment benefits amid solid hiring, high inflation

Applications for unemployment benefits last week saw their lowest number of claims since April. If the number continues to drop, the Federal Reserve could raise interest rates higher than it plans to slow the economy.

Costco CEO says hot dog combo price might remain $1.50 forever

Costco CFO Richard Galanti said the company's gas and travel sectors allowed the company to make up for loss at the food court.

Butter shortage drives up prices ahead of holiday baking season

The average price of butter in August jumped 24.6% compared to a year ago, U.S. labor statistics show. Here’s what is driving the increase.

ON THE HILL: Expert weighs in on whether the US is headed for recession

In case you missed it Sunday morning, FOX 5's "On the Hill" program hosted economic expert Danny Leipziger to talk about the latest on the U.S. economy, including how to control inflation and whether the country is headed for a recession.

Fed hikes rate by three-quarters of a point in continued fight against inflation

The Fed’s move boosted its benchmark short-term rate, which affects many consumer and business loans, to a range of 3% to 3.25%, the highest level since early 2008.

EXPLAINER: How the strong U.S. dollar can affect everyone

After rising again Friday, the dollar is near its highest level in more than two decades against a key index measuring six major currencies, including the euro and Japanese yen.

Rise in rideshare costs hurting DC restaurants

As restaurants continue to try to stay alive post-pandemic, managers in D.C. say the cost of food isn't the only thing hurting their businesses.

President Biden's statement on tentative railway labor agreement

President Joe Biden said Thursday that a tentative railway labor agreement has been reached, averting a potentially devastating strike before the pivotal midterm elections.

Union members reject deal 2 days before deadline to avoid massive rail strike

A potential strike could impact shipments of everything from clothes to cars, hurting businesses nationwide as they deal with ongoing supply chain problems. The deadline to avoid a strike is Friday.

Dow falls 1,250 as inflation maintains grip on US economy

Many of the data points within the inflation report were worse than economists expected, including some the Fed pays particular attention to, such as inflation outside of food and energy pri

Inflation falls for 2nd consecutive month on lower gas prices

Inflation has driven up the costs of families’ grocery bills, rents, and utility costs, placing hardships on households and increasing gloom about the economy despite job growth and low unemployment.

Massive rail strike could mean more supply chain issues

A possible worker strike would threaten the U.S. economy with an estimated cost of $2 billion per day.

Is inflation cooling off? It depends where you live

Western states facing inflation rate of 9.6% even as price increases show hint of slowdown.