WEATHER ALERT
Trump's treasury pick could give an indication of what he plans to do about tariffs
Read full article: Trump's treasury pick could give an indication of what he plans to do about tariffsOne of the top remaining vacancies in President-elect Donald Trump’s proposed Cabinet is his treasury secretary — and the views of his top contenders there reflect broader questions about how the president-elect might wield tariffs in his new administration.
These metros have the ‘biggest inflation problems.’ 2 are in Florida
Read full article: These metros have the ‘biggest inflation problems.’ 2 are in FloridaWhile inflation is still an issue nationwide, Florida has seen a larger surge than many other states, largely thanks to the flood of people moving to the Sunshine State.
‘Holidaying like it’s 2019:’ Consumer spending to pass pre-pandemic levels, survey suggests
Read full article: ‘Holidaying like it’s 2019:’ Consumer spending to pass pre-pandemic levels, survey suggestsHoliday spending this year in the U.S. is expected to surpass pre-pandemic averages for the first time, according to a survey developed by Deloitte Development, LLC.
Fed keeps rates unchanged and signals optimism about a potential 'soft landing'
Read full article: Fed keeps rates unchanged and signals optimism about a potential 'soft landing'The Federal Reserve left its benchmark interest rate unchanged for the second time in its past three meetings, a sign that it’s moderating its fight against inflation as price pressures have eased.
More families are facing eviction and going without basic necessities. Here’s how you can help.
Read full article: More families are facing eviction and going without basic necessities. Here’s how you can help.It’s no secret that many people have faced financial struggles over the last few years amid rising costs for simple necessities: groceries, utilities and rent, to name just a few.
How will we know if the US economy is in a recession?
Read full article: How will we know if the US economy is in a recession?The government’s report Thursday that the economy grew at a 1.1% annual rate last quarter signaled that one of the most-anticipated recessions in recent U.S. history has yet to arrive.
Seminole nonprofit’s ability to give could be hindered by inflation
Read full article: Seminole nonprofit’s ability to give could be hindered by inflationA local nonprofit is calling for community support as they fear the high cost of living and inflation may prevent them from helping families in need in the future.
‘Stock Doctor’ discusses latest rate hike, potential impacts of a deeper recession
Read full article: ‘Stock Doctor’ discusses latest rate hike, potential impacts of a deeper recessionThe Federal Reserve last week raised interest rates for the ninth time in the last year as it works to tame lingering inflation and slow down the economy.
Central Florida families rely on food drives as they feel effects of inflation
Read full article: Central Florida families rely on food drives as they feel effects of inflationThe Second Harvest Food Bank of Central Florida, along with charity organization Serenity’s Grace, are getting results for families who are struggling to put food on the table.
Fed Chair Powell sees ‘significant’ inflation drop in 2023
Read full article: Fed Chair Powell sees ‘significant’ inflation drop in 2023Federal Reserve Chair Jerome Powell said Tuesday that if the U.S. job market further strengthens in the coming months or inflation readings accelerate, the Fed might have to raise its benchmark interest rate higher than it now projects.
Fed minutes: Officials cited strong hiring to justify hikes
Read full article: Fed minutes: Officials cited strong hiring to justify hikesFederal Reserve officials suggested at their most recent meeting that a continuing streak of robust hiring could keep inflation elevated and was a key reason why they expected to raise interest rates this year more than they had previously forecast.
US economy grew 3.2% in Q3, an upgrade from earlier estimate
Read full article: US economy grew 3.2% in Q3, an upgrade from earlier estimateShrugging off rampant inflation and rising interest rates, the U.S. economy grew at an unexpectedly strong 3.2% annual pace from July through September, the government reported Thursday in a healthy upgrade from its earlier estimate of third-quarter growth.
Pet Alliance of Greater Orlando sees fewer adoptions during the holidays this year
Read full article: Pet Alliance of Greater Orlando sees fewer adoptions during the holidays this yearThe Pet Alliance of Greater Orlando believes inflation and higher costs of living could be contributing to lower adoption numbers this December.
Uber sees few signs of customer pullback despite inflation
Read full article: Uber sees few signs of customer pullback despite inflationShares of Uber are surging after the company said there is little evidence that Americans are pulling back on hailing rides or ordering food deliveries despite soaring inflation.
Kroger seeks to create grocery giant with $20B Albertsons bid
Read full article: Kroger seeks to create grocery giant with $20B Albertsons bidTwo of the nation’s largest grocers have agreed to merge in a deal that would help them better compete with Walmart, Amazon and other major companies that have stepped into the grocery business.
President Biden calls for 3-month suspension of gas tax. Here’s how much you would save
Read full article: President Biden calls for 3-month suspension of gas tax. Here’s how much you would savePresident Joe Biden is calling on Congress to suspend federal gasoline and diesel taxes for three months — an election-year move meant to ease financial pressures.
I now pronounce you sticker shocked: How to cut costs on weddings delayed by COVID
Read full article: I now pronounce you sticker shocked: How to cut costs on weddings delayed by COVIDAccording to The Wedding Report, 2.5 million weddings are expected this year, marking the most since 1984. And with inflation at an all-time high, the timing could not be worse.
Struggling families look for solutions as pandemic free school lunch program expires
Read full article: Struggling families look for solutions as pandemic free school lunch program expiresThousands of Central Florida families who relied on free meals at school throughout the pandemic will have to apply for the benefit starting this next school year, but there are options for the summer.
Fed’s aggressive rate hikes raise likelihood of a recession
Read full article: Fed’s aggressive rate hikes raise likelihood of a recessionFederal Reserve Chair Jerome Powell has pledged to do whatever it takes to curb inflation, now raging at a four-decade high and defying the Fed’s efforts so far to tame it.
NBCUniversal CEO calls demand for Universal theme parks ‘historic’
Read full article: NBCUniversal CEO calls demand for Universal theme parks ‘historic’Jeff Shell, the CEO of NBCUniversal, discussed the economic condition of the company’s theme parks at the 24th Annual Credit Suisse Communications Conference Tuesday.
Fed attacks inflation with its largest rate hike since 1994
Read full article: Fed attacks inflation with its largest rate hike since 1994The Federal Reserve intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three decades — and signaling more large rate increases to come that would raise the risk of another recession.
Orlando lawmaker calls for early suspension of Florida gas tax
Read full article: Orlando lawmaker calls for early suspension of Florida gas taxSen. Linda Stewart, D-Orlando, called for an immediate moratorium on the Florida gas tax Friday, calling for Gov. Ron DeSantis to take action and provide “immediate fuel price relief” for Florida residents.
‘We really struggle:’ Award-winning Lake County restaurant, 2 others closing
Read full article: ‘We really struggle:’ Award-winning Lake County restaurant, 2 others closingThree businesses in Lake County are being forced to shut their doors because of nationwide problems — workforce shortages and inflation.
Truckers hit hard by surges in diesel prices, consumers may be affected
Read full article: Truckers hit hard by surges in diesel prices, consumers may be affectedThe Biden administration is considering tapping a rarely used diesel reserve to help ease the pain at the gas pump as inflation continues to drive up prices.
US producer prices surge 11% in April as food prices jump
Read full article: US producer prices surge 11% in April as food prices jumpU.S. producer prices soared 11% in April from a year earlier, a hefty gain that indicates high inflation will remain a burden for consumers and businesses in the months ahead.
US inflation dips from 4-decade high but still causing pain
Read full article: US inflation dips from 4-decade high but still causing painInflation eased slightly in April after months of relentless increases but remained near a four-decade high, making it hard for millions of American households to keep up with surging prices.
The Weekly: Florida Congressman Soto talks Roe v. Wade, inflation
Read full article: The Weekly: Florida Congressman Soto talks Roe v. Wade, inflationU.S. Rep. Darren Soto, D-Kissimmee, joined anchor Justin Warmoth on "The Weekly" to discuss the potential ruling, inflation, and whether he believes the Biden Administration is doing enough to curb the high cost of living.
Biden waiving ethanol rule in bid to lower gasoline prices
Read full article: Biden waiving ethanol rule in bid to lower gasoline pricesPresident Joe Biden has journeyed to corn-rich Iowa to announce he's suspending federal rules that restrict ethanol in gasoline, aiming to strike at least a small blow against surging inflation.
US inflation jumped 8.5% in past year, highest since 1981
Read full article: US inflation jumped 8.5% in past year, highest since 1981Inflation soared over the past year at its fastest pace in more than 40 years, with costs for food, gasoline, housing and other necessities squeezing American consumers and wiping out the pay raises that many people have received.
Inflation and car prices: What’s going on? How did this happen?
Read full article: Inflation and car prices: What’s going on? How did this happen?It seems like you hear about it more and more these days: The extreme lengths people are going to in order to buy a new house; how much it costs to fill up the gas tank; and what we’re spending at the grocery store.
With soaring gas prices, EVs and public transportation have never looked more attractive
Read full article: With soaring gas prices, EVs and public transportation have never looked more attractiveThe nationwide average price for a gallon of unleaded gas has reached record highs in 2022, according to GasBuddy.com.
We asked how inflation is affecting your life. Here’s what you had to say.
Read full article: We asked how inflation is affecting your life. Here’s what you had to say.Just last week, we asked you, our readers and viewers: When it comes to inflation, or even just when you hear the word, what do you think of first? Or better yet, what’s affecting your life the most?
Ships are sitting offshore containing items that we desperately need -- what can be done?
Read full article: Ships are sitting offshore containing items that we desperately need -- what can be done?If you’re in the Jacksonville, Florida area, you’ve likely seen the logjam of container ships sitting idly offshore. The vessels are packed with items destined for store shelves -- and they’re things business owners and consumers desperately need delivered.
How do your county’s current gas prices compare to last week, last month?
Read full article: How do your county’s current gas prices compare to last week, last month?If you’ve been to the gas pumps lately, or even listened to any news outlet, you’re likely well aware that gas prices are at a painful high.
US inflation soared 7.9% in past year, a fresh 40-year high
Read full article: US inflation soared 7.9% in past year, a fresh 40-year highPropelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982 and likely only a harbinger of even higher prices to come.
‘Only time will tell:’ Orange County leaders worry rising gas prices will impact tourism
Read full article: ‘Only time will tell:’ Orange County leaders worry rising gas prices will impact tourismWith the gas prices shattering a record high on Tuesday, concerns are rising about the impact it will have on Central Florida tourism.
Sea-Lead to service Jacksonville port in ‘solution’ for supply chain issues, Gov. DeSantis says
Read full article: Sea-Lead to service Jacksonville port in ‘solution’ for supply chain issues, Gov. DeSantis saysSingapore-based shipping company Sea Lead will now service Jacksonville Port Authority, Florida Gov. Ron DeSantis said Friday.
Could gas prices reach $4 a gallon? Gas Buddy analyst weighs in
Read full article: Could gas prices reach $4 a gallon? Gas Buddy analyst weighs inEven with inflation reaching its highest point in 40 years, it seems the high price of gas — at its highest level in eight years — is frustrating Americans the most.
How Fed hikes could affect mortgages, car loans, card rates
Read full article: How Fed hikes could affect mortgages, car loans, card ratesWith the Federal Reserve signaling it will begin raising its benchmark interest rate as soon as March — and probably a few additional times this year — consumers and businesses will eventually feel it.
Fed to signal rate hike as it launches risky inflation fight
Read full article: Fed to signal rate hike as it launches risky inflation fightWith inflation punishing consumers and threatening the economy, the Federal Reserve will likely signal its intent this week to begin raising interest rates in March for the first time in three years.
Inflation at 40-year high pressures consumers, Fed and Biden
Read full article: Inflation at 40-year high pressures consumers, Fed and BidenInflation jumped at its fastest pace in nearly 40 years last month, a 7% spike from a year earlier that is increasing household expenses, eating into wage gains and heaping pressure on President Joe Biden and the Federal Reserve to address what has become the biggest threat to the U.S. economy.
Some regret sitting on housing market sidelines
Read full article: Some regret sitting on housing market sidelinesAs South Florida home prices spiked during the pandemic, some people decided to put their home shopping on pause in the hopes that prices might drop, a decision they are coming to regret.
Consumer prices up 5.7% over past year, fastest in 39 years
Read full article: Consumer prices up 5.7% over past year, fastest in 39 yearsU.S. consumer prices rose 5.7% over the past year, the fastest pace in 39 years as a surge in inflation battered Americans as the holiday shopping season was getting under way.
Your wild home-buying, selling stories: These 17 help paint the picture
Read full article: Your wild home-buying, selling stories: These 17 help paint the pictureWe’ve all heard about it by now: Houses are selling like crazy (and they have been for quite some time now), interest rates have been at all-time lows, and it seems like everywhere you turn, you learn of another wild real estate story.