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IRS warns about more tax scams

The IRS issued a consumer alert Tuesday about scams involving the fuel tax credit, the sick and family leave credit, and household employment taxes that it said have led thousands of taxpayers to file inflated refund claims. Instead of getting their refunds, taxpayers are finding that their… Read More »IRS warns about more tax scams

Fed’s Powell downplays potential for a rate hike despite higher price pressures

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Tuesday that the central bank is unlikely to raise its key interest rate in response to signs of stubborn inflation and underscored his view that price increases would soon start to cool again. Yet Powell, during a panel discussion in… Read More »Fed’s Powell downplays potential for a rate hike despite higher price pressures

CPI report shows inflation easing in April, with consumer prices still rising 3.4% from a year ago

KEY POINTS Inflation eased slightly in April, providing at least a bit of relief for consumers while still holding above levels that would suggest a cut in interest rates is imminent. The consumer price index, a broad measure of how much goods and services cost at the… Read More »CPI report shows inflation easing in April, with consumer prices still rising 3.4% from a year ago