By CHRISTOPHER RUGABER - AP Economics Writer

By CHRISTOPHER RUGABER – AP business writer WASHINGTON (AP) – The Federal Reserve on Wednesday embarked on a risky effort to tame the worst inflation since the early 1980s by raising its short-term interest rate and announcing up to six more rate hikes this year. The Fed’s quarter-point hike in interest rates, which it had … Read more

By CHRISTOPHER RUGABER – AP business writer WASHINGTON (AP) — Driven by rising costs for gas, groceries and housing, consumer inflation rose 7.9% last year, the sharpest rise since 1982 and likely just a harbinger of even higher prices. The increase, reported Thursday by the Labor Department, reflected the 12 months that ended in February … Read more