news 12 logo
61°
  • WATCH LIVE
  • News
  • Weather
  • Investigative
  • Coronavirus
  • Crime
  • The Real Deal
Sections
  • Politics
  • Sports
  • Food & Fun
  • Environment
  • Transportation
  • State of Our Schools
  • Numbers & Links
  • N12 Events
  • Noticias Univision 41
Features
  • Road Trip: Close to Home
  • Kane in Your Corner
  • Turn to Tara
  • Chef's Quick Tips
  • Health Matters
  • Just Engaged in Connecticut
  • Just Married in Connecticut
  • On A Positive Note
  • Birthday Smiles
  • Advances in Health
  • Our Lives
  • Marijuana Matters
  • Photo Galleries
  • Honor Roll
  • Deep Dive
  • On the Scene
  • The Real Deal
  • Asian Pacific American Heritage Month
Regions
  • The Bronx
  • Brooklyn
  • Connecticut
  • Hudson Valley
  • Long Island
  • New Jersey
  • Westchester
Be the first to know
Topics you care about, straight to your inbox
Explore Newsletters
news 12 logo
61°
  • WATCH LIVE
  • News
  • Weather
  • Investigative
  • Coronavirus
  • Crime
  • The Real Deal

ALERT CENTER: Federal Reserve expected to raise interest rates

May 04, 2022, 9:21amUpdated on May 04, 2022
By: News 12 Staff
In a matter of hours, the federal reserve is expected to hike interest rates once again.
They are expected to raise the rates this time by a half percentage point.
The fed is grappling with how best to slow down the rate of inflation.
As News 12 has reported, the rate of inflation is at a 40 year high.
Related Stories
thumbnail image
2:11
May 11, 2022

Senate to vote on Women's Health Protection Act today

thumbnail image
1:53
May 09, 2022

New York leaders consider Constitutional amendment guaranteeing abortion rights

thumbnail image
9m ago

Car plows through guardrail, barrels down embankment off I-95 in Norwalk

thumbnail image
0:22
3h ago

2 people hurt in late night Brownsville fire

thumbnail image
0:46
3h ago

NY Assembly approves bill mandating cameras at all subway stations

thumbnail image
0:25
3h ago

Greenburgh Town Hall designated as drop-off site for donated baby formula

thumbnail image
1:20
3h ago

Officials: Firefighter injured in 3-alarm fire in Stamford

thumbnail image
0:28
3h ago

FDA issues warning over TikTok hack involving avocados

thumbnail image
1:24
4h ago

PepsiCo Rolling Remembrance Relay in Purchase honors military heroes

thumbnail image
1:24
5h ago

Community bands together to help homeowners of Middle Island house fire

Share this story
  • Newsletter
  • Send Photos/Videos
  • Contact
  • About Us
  • News 12 New York
  • Altice USA
  • Optimum Mobile
  • Optimum
  • Cheddar.com
  • i24 News
  • Careers
  • Advertise
  • Privacy Policy
  • Terms of Service
  • Ad Choices