The Federal Reserve is expected to cut its short-term rate Wednesday for the second time this year despite an increasingly cloudy view of the economy it is trying to influence. The data drought raises risks for the Fed because it is widely expected to keep cutting rates in an effort to shore up growth and hiring. Yet should job gains pick up soon, the Fed may not detect the change. And if hiring rebounds after weak job gains during the summer, further rate cuts may not be justified.
Alter Ego Comics has been a staple in the Lima community for more than two decades, offering a wide variety of pop culture merchandise. Owner Marc Bowker said the latest round of tariffs is forcing him to raise prices — a move that could hurt his small business.
It was an opportunity to hear from officials from seven organizations that represent Ohio businesses in some form. The Big 7 Regional thought roundtable was held Friday with dozens of local businesses, political leaders, and industry officials showing up to hear how the Big 7 can help them with the challenges they are facing.
A survey by Credit Karma says about 30% of taxpayers will rely on refunds to make ends meet. So, here are some steps to get yours back the fastest possible. One, make sure you file electronically, don't file paper tax forms. Request your refunds be sent to direct deposit, which could save 10 days. Review your returns to make sure you don't set off any red flags with the IRS.
The increased inflation pushed the national defense spending bill higher. The over $816 billion National Defense Authorization Act was signed into law last week by President Biden. The bill was $45 billion higher than originally requested to offset the record high inflation that the Untied States is currently experiencing. The bill also approved a nearly 5% pay raise for military and civilian members of the defense department.
One battle being for the seat of the U.S. Senate. Republican candidate JD Vance making a stop in Lima today in order to connect with voters before they officially cast their ballots. Vance says one of his campaign focuses is dealing with the nation's inflation crisis.
Allen County Sheriff Matt Treglia talked about how recent inflation has impacted his force as well as the county jail, pointing to struggles in making sure there is enough food for inmates, as well as gas for police cruisers that travel all around the county.
As he goes from place to place, he hears from voters about impact of the record high inflation that has hit the United States. He says the path to recovery starts with getting more money in American’s pockets, which includes tax breaks and getting skilled workers in higher paying jobs. Recent polling number have Ryan and his challenger Republican JD Vance in virtual neck and neck race. So, we asked Ryan who is going to push him over the top on election night.
LIMA, OH (WLIO) - A United States representative says that the upcoming election is important to current trends across the nation, including i…
The Federal Reserve raised interest rates by another .75, which causes prices to rise like car and student loans and credit card debt. Senator Rob Portman says if you look at the numbers the United States is already in a recession. While inflation remains at a 40-year high and everybody is feeling it even though wages have gone up slightly, the problem is that the cost of everything has gone up even higher.