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What the rate hike will mean for housing

Thursday, September 22 by ABC News

(NEW YORK) -- The Federal Reserve’s string of interest rate hikes this year has thrown cold water on the once red-hot housing market.Existing home sales fell for the seventh straight month in August, down 0.4%, according to the National Association of Realtors, as the... Read More.

Fed hikes benchmark rate 0.75% in significant escalation of inflation fight

Thursday, September 22 by ABC News

(WASHINGTON) -- The Federal Reserve instituted a dramatic interest rate hike on Wednesday, the latest in a series of borrowing cost increases, as the central bank tries to dial back near-historic inflation while avoiding an economic downturn.The Fed raised the benchmark interest rate by... Read More.

Veteran suicide rate is lowest in years, VA says, but advocates worry that’s an undercount

Tuesday, September 20 by ABC News

(WASHINGTON) -- The number of suicides among military veterans dropped to its lowest rate in over a decade, according to a report released Monday by the Department of Veteran Affairs. The latest figures come days after a national suicide prevention nonprofit said the federal... Read More.

Fed rate hikes haven’t curbed inflation much. These policies would work instead, economists say

Tuesday, September 20 by ABC News

(WASHINGTON) -- A hotter-than-expected inflation report last week dispelled hopes of relief for strained households and rekindled questions about U.S. policy for fighting sky-high prices.The Federal Reserve has instituted a series of aggressive interest rate hikes in recent months as it tries to slash... Read More.

Fed rate hikes deliver these financial benefits, experts say

Wednesday, July 27 by ABC News

(WASHINGTON) -- The Federal Reserve significantly raised its benchmark interest rate on Wednesday, the latest in a series of hikes meant to tackle sky-high price increases last seen more than four decades ago.But rate hikes at the Fed risk widespread financial pain. An increase... Read More.

Federal Reserve set for another dramatic rate hike

Wednesday, July 27 by ABC News

(WASHINGTON) -- Economists expect a major rate hike from the Federal Reserve on Wednesday, the latest in a series of borrowing cost increases as the central bank tries to slash near-historic inflation while avoiding a recession.The Fed will likely raise the benchmark interest rate... Read More.

‘Aftershock’ explores the high mortality rate among Black expectant mothers

Tuesday, July 19 by ABC News

(NEW YORK) -- Expectant mothers Shamony Gibson and Amber Rose Isaac both died from preventable childbirth complications, their families say, and the women's deaths have had a devastating effect on their loved ones.Gibson, 30, died just 13 days after the birth of her son... Read More.

Wyoming struggles for answers amid growing suicide rate

Friday, July 15 by ABC News

(CHEYENNE, Wyo.) -- Lyle Neiberger would have turned 33 this year. But he is forever 17, frozen in his father Lance’s memory.“I’ve never been angry at my son. I've always been angry at me. Why didn't I see it? What if I would have done... Read More.

Biden to announce appointees to Cancer Panel, part of initiative to cut death rate

Thursday, July 14 by ABC News

(WASHINGTON) -- President Joe Biden will announce Wednesday his appointees to the President's Cancer Panel, ABC News can exclusively reveal.The Cancer Panel is part of Biden's Cancer Moonshot Initiative, which was relaunched in February, with a goal of slashing the national cancer death rate... Read More.

New York City’s COVID test positivity rate surpasses 10% for the first time since January

Thursday, June 30 by ABC News

(NEW YORK) -- New York City's COVID-19 test positivity rate is skyrocketing, indicating that a sixth wave of the virus could be around the corner.As of June 26 -- the latest date for which data is available -- the test positivity rate hit 10.05%, according... Read More.

What the interest rate hike means for homebuyers

Friday, June 17 by ABC News

(NEW YORK) -- A difficult year for many homebuyers became even tougher when the Federal Reserve dramatically raised borrowing costs this week in an effort to tame sky-high inflation, experts told ABC News.For months, homebuyers have faced the dual challenges of skyrocketing mortgage rates... Read More.

What interest rate hikes mean for you and the economy

Thursday, June 16 by ABC News

(NEW YORK) -- The Federal Reserve on Wednesday dramatically escalated its fight to dial back historic inflation, raising its benchmark interest rate by 0.75%, the largest rate hike since 1994. The move offers hope that sky-high prices for essentials like fuel and groceries will... Read More.