JAY POWELL

More than 500,000 homes and businesses in West Virginia would see their electricity bills increase for a year to extend the life of a coal-fired power plant on the brink of closure.

Wednesday’s rate hike is the highest in 28 years.

The Federal Reserve intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three decades — and signaling more large rate increases to come that would raise the risk of another recession.

Robin Ventura understands why some people might be suspicious of any players who appear bulked up when they report when workouts start following the lockout.

Mortgage rates were mostly lower this week as the economy continued to show signs of recovery from the pandemic recession and recent bursts of inflation were deemed temporary by federal policymakers.

Stocks are moving modestly higher in early trading on Wall Street as investors cautiously welcome signs of calm in the bond market. (AP Photo/Mark Lennihan, File)Asian shares slipped Friday after surging U.S. bond yields renewed pressure on high-flying technology companies. Powell did not indicate the Fed might seek to rein in rising bond yields, which tend to draw money out of stocks into less risky bonds. Small-company stocks fell even more. Bank stocks, in contrast, tend to do better when bond yields are rising because higher yields mean banks can charge higher rates on mortgages and other loans.

Asian shares fell Thursday, tracking a decline on Wall Street as another rise in bond yields rattled investors who worry that higher inflation may prompt central banks to raise ultra-low interest rates. (AP Photo/Ahn Young-joon)BANGKOK – Asian shares fell Thursday, tracking a decline on Wall Street as another rise in bond yields rattled investors who worry that higher inflation may prompt central banks to raise ultra-low interest rates. Shares have yoyo'd recently with fluctuations in bond yields. When yields rise quickly, as they have in recent weeks, it forces Wall Street to rethink the value of stocks. U.S. government bond yields rose Wednesday after easing a day earlier.