Markets plummeted Tuesday as Wall Street was rattled by hot inflation numbers that raised fears of even steeper interest rate hikes.

Michelle Holder expects Black and Latinx workers to lose jobs in higher proportion as interest rates rise and the economy cools.

It’s raised its benchmark deposit rate by 0.75% — to 0.75% — and may raise further. But Europe is also facing recession worries.

Inflation seems to be easing since the central bank met in July. But analysts observe the dynamics among policymakers.

More people in the United States are working two full-time jobs than ever before, says Lauren Kaori Gurley of The Washington Post.

CEO Steven Swartz highlights the media giant’s important, if little-known, stakes in automotive information and B2B operations.

It’ll also end its large-scale bond-buying program. Central bankers are trying to tame inflation — like their U.S. counterparts at the Federal Reserve.

Americans have a $860 billion credit card balance, according to the Federal Reserve Bank of New York.

Mortgage rates are rising, but deposit rates will lag, says Laurie Stewart, president of Sound Community Bank in Seattle.

All major indices are down for the year. That’s probably something the Fed isn’t all that mad about.