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Federal Reserve hikes interest rate by 0.75%

Wednesday, June 15 by ABC News

(WASHINGTON) -- The Federal Reserve raised interest rates significantly on Wednesday, hiking it 0.75%, escalating a strategy of increased borrowing costs that aims to dial back historic inflation.The rate hike of 0.75% marks the largest increase since 1994. The dramatic rate increase follows new... Read More.

Despite recent shootings, New York City transit crime rate holds steady

Monday, May 23 by ABC News

(NEW YORK) -- Daniel Enriquez, 48, was shot and killed in an unprovoked attack on a Q train Sunday in New York City as it headed into Manhattan. The tragedy comes just a few weeks after a gunman opened fire on an N train... Read More.

Unemployment rate holds steady at 3.6% as 428,000 jobs added in April

Friday, May 6 by ABC News

(WASHINGTON) -- U.S. employers added 428,000 jobs to their payrolls in April, the latest figures released Friday by the Labor Department show.The increase marks the 12th straight month of job growth above 400,000.The biggest gains in employment last month occurred in leisure and hospitality... Read More.

Biden touts economic growth, debt and deficit reduction ahead of Fed rate hike

Wednesday, May 4 by ABC News

(WASHINGTON) -- President Joe Biden on Wednesday said that the federal government will pay down the national debt this quarter for the first time in six years.His remarks on economic growth came ahead of the Federal Reserve announcing a hike in interest rates Wednesday... Read More.

Boston COVID test positivity rate passes ‘threshold of concern’

Thursday, April 14 by ABC News

(BOSTON) -- Boston public health officials are urging residents to take extra precautions as COVID-19 cases tick up ahead of the upcoming holiday weekend.In a blog post Wednesday, the Boston Public Health Commission said the city's test positivity rate currently sits at 6.2%, which... Read More.

Unemployment rate drops to 3.6% as 431,000 jobs added in March

Friday, April 1 by ABC News

(WASHINGTON) -- U.S. employers added 431,000 jobs to their payrolls last month, the latest figures released Friday by the Labor Department show.The biggest increases in employment in March occurred in leisure and hospitality (112,000) followed by professional and business services (102,000), retail trade (49,000)... Read More.

Women lost jobs at a higher rate in the pandemic. Many still haven’t returned.

Wednesday, March 16 by ABC News

(NEW YORK) -- For months after its doors were shut in March 2020, preschool teacher Rachel Shelton's old classroom sat as though stuck in a time warp.Decorations for spring and St. Patrick's Day still hung on the walls even though the kids -- abruptly... Read More.

Hong Kong doubles down on ‘Zero COVID’ policy, as death rate soars to world’s highest

Friday, March 11 by ABC News

(HONG KONG) -- As much the rest of the world learns to live with COVID-19, the highly infectious omicron variant has finally broken through Hong Kong’s once-lauded defenses.The city was a poster child for COVID control, after going long stretches of last year without... Read More.

Black New Yorkers were hospitalized for COVID at a rate two times higher than white during omicron

Friday, March 4 by ABC News

(NEW YORK) -- Black New Yorkers were hit disproportionately hard during the omicron wave compared to white New Yorkers, according to a new analysis from the city's Department of Health & Mental Hygiene published Wednesday.Black New York City residents were hospitalized for COVID-19 at... Read More.

Unemployment rate drops to 3.8% as 678,000 jobs added in February

Friday, March 4 by ABC News

(WASHINGTON) -- U.S. employers added 678,000 jobs to their payrolls last month, the latest figures released Friday by the Labor Department show, exceeding economists’ expectations.Economists had expected to see employment grow by around 440,000 new positions.The biggest increases in employment in February occurred in... Read More.

Biden relaunches cancer ‘moonshot’ initiative to help cut death rate

Wednesday, February 2 by ABC News

(WASHINGTON) -- President Joe Biden on Wednesday relaunched the federal government's cancer "moonshot" initiative, with the goal of cutting the death rate from cancer in half over the next quarter-century."We can end cancer as we know it," Biden said during an event at the... Read More.

Biden to relaunch cancer ‘moonshot’ initiative to help cut death rate

Wednesday, February 2 by ABC News

(WASHINGTON) -- President Joe Biden on Wednesday will relaunch the federal government's cancer "moonshot" initiative, with the goal of cutting the death rate from cancer in half over the next quarter-century, according to the White House.The initiative is personal for Biden, who lost his... Read More.