Florida's gas prices are dropping: here's why

After weeks of seeing gas prices consistently rising, Florida drivers may soon see some relief at the pump as prices across the state have started to decline, AAA says.

Rate hike intended to bring down inflation, experts say

The Federal Reserve's increase in interest rates this week marked the largest rate hike in 28 years, as the Central Bank tries to combat surging inflation.

Fed raises key interest rate in largest hike since 1994

The Federal Reserve on Wednesday 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.

Americans feeling the stress from inflation

Ask pretty much anyone how they feel about rising gas and food prices, and they won’t have nice things to say. Fox 9 asked a local financial expert and a local psychologist their best tips to relieve the current financial stress and make their dollars stretch further.

Worries of potential recession rise with no signs of inflation slowing down

Families are continuing to struggle with no signs of inflation slowing down. Tuesday morning's producer price index showed wholesalers are still getting hit by inflation, and consumers are paying the price.

What makes a bear market? Wall Street term explained

Wall Street is back in the claws of a bear market amid worries about inflation and higher interest rates. Here are answers to some common questions about bear markets.

Wall Street tumbles into bear market territory as inflation, costs soar

A steep selloff on Wall Street Monday sent the Dow Jones Industrial Average tumbling more than 1,000 points before settling with a loss of more than 874, or 2.8%.

These electric vehicles are cheaper to own than gas ones now

Building electric vehicles is expensive, which is why their prices are high, and it's mostly about the batteries.

Florida citrus production falls to eight-decade low

Florida's struggling citrus industry is approaching the end of its growing season with the lowest production since 1940.

Gas prices hit $5 nationwide for the first time ever

The national average price has jumped 19 cents in just the past week, and it is up $1.93 from this time last year.

With inflation highest in 40 years, some retirees rejoin workforce

Tampa Bay residents are bracing for their bills with news of the worst inflation rate in decades in the US. It's forcing many of them to make tough decisions, like seeking out free groceries to leaving retirement to re-enter the workforce.

Biden blames pandemic, Putin as high US inflation persists

In President Joe Biden’s estimation, the U.S. is in a strong position to overcome the worst inflation in more than 40 years. But so far, inflation just keeps getting the better of the U.S. economy and of the Biden administration.