Florida gas prices drop amid omicron variant concerns

Average gasoline prices in Florida dropped four cents during the past week and are expected to continue to fall because of concerns about how the omicron variant of the coronavirus could affect global fuel demand, according to the AAA auto club. 

Inflation surges globally as economies reel from pandemic

Rising inflation is leading to price increases for food, gas and other products and pushing many people to choose between digging deeper into their pockets or tightening their belts. In developing economies, it's especially dire.

Fed dialing back COVID-19 economic aid amid high inflation

In a statement Wednesday after its latest policy meeting, the Fed said it will start reducing its $120 billion in monthly bond purchases in the coming weeks, by $15 billion a month, though it reserved the right to change that pace.