Business and Economic News

The Federal Reserve raises interest rates for the first time since 2018
The Federal Reserve is expected to raise interest rates today for the first time since 2018, in an effort to tamp down inflation. Additional rate hikes are likely in the months to come.
On Equal Pay Day, women are trying to make a dollar out of 83 cents
It took women working year round full-time jobs 74 extra days to earn what men did in 2021. And the data is worse for women of color, who are disproportionately employed in low-wage jobs.
Despite uncertainty, Minnesota farmers are hopeful they'll have a good year
The invasion of Ukraine has grain prices on a roller coaster while fertilizer and fuel prices are rising. That's creating financial uncertainty for farmers, but many are sticking with their planting plans in what’s expected to be a profitable year, despite the economic uncertainty.
High gas prices present another hurdle in bringing workers back to the office
Gas prices have soared just as workers who have been remote for two years return to their commutes. Some are asking for companies to wait until prices come down to bring people back.
Surplus steals show, but borrowing plan still in Capitol mix
Minnesota’s sizable surplus is driving the discussion at the state Capitol, but a borrowing plan for construction projects will enter the conversation before long.
MN House passes drought relief bill for farmers
The Minnesota House has passed legislation to provide financial relief to farmers who were hurt by last year’s drought.