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Economy

Chances of a Federal Reserve rate cut fade as inflation worsens

Chances of a Federal Reserve rate cut fade as inflation worsens

  • CHRISTOPHER RUGABER Associated Press

The jump in gas prices stemming from the war in Iran has had another impact that may also affect many Americans' finances: higher interest rates.

Trump touted bigger tax refunds this year, but Americans will likely spend them on gas

Trump touted bigger tax refunds this year, but Americans will likely spend them on gas

  • CHRISTOPHER RUGABER Associated Press

Spiking gas prices in the U.S. are on track to eat up tax refunds this year, leaving most Americans with little extra to spend.

DOJ investigation into Powell could backfire on Trump and keep Fed chair in office

DOJ investigation into Powell could backfire on Trump and keep Fed chair in office

  • CHRISTOPHER RUGABER Associated Press

Trump tapped former Fed official Kevin Warsh to succeed Powell, but his nomination stalled due to the investigation.

US national debt surges past record $39 trillion just weeks into war in Iran

US national debt surges past record $39 trillion just weeks into war in Iran

  • FATIMA HUSSEIN Associated Press

The Government Accountability Office says rising debt can raise borrowing costs for mortgages and cars. It can also squeeze wages and push up prices. 

Fed keeps key rate unchanged, sees limited economic effect from Iran war

Fed keeps key rate unchanged, sees limited economic effect from Iran war

  • CHRISTOPHER RUGABER Associated Press

Powell said he has "no intention" of leaving the central bank until a Justice Department probe into building renovations at the Fed is over.

US drivers see gas prices jump to highest level since 2023 as Iran war drags on

US drivers see gas prices jump to highest level since 2023 as Iran war drags on

  • WYATTE GRANTHAM-PHILIPS Associated Press

According to motor club AAA, the national average for a gallon of regular gasoline jumped to $3.79 Tuesday, up from $2.98 before the war.

Trump administration kicks off process to try to replace tariffs Supreme Court struck down

Trump administration kicks off process to try to replace tariffs Supreme Court struck down

  • JOSH BOAK Associated Press

Trump and his team made it clear they seek to replace billions in lost revenues by using different laws to establish new tariffs.

Trump expects his Fed pick and AI to deliver a replay of the '90s boom. Economists have doubts

Trump expects his Fed pick and AI to deliver a replay of the '90s boom. Economists have doubts

    Trump and his nominee to become Fed chair, Kevin Warsh, say AI could spark a 1990s-style boom. Many economists aren’t convinced.

    Trump's portrayal of 'golden age' is out of sync with how Americans see economy

    Trump's portrayal of 'golden age' is out of sync with how Americans see economy

      The economy is growing but hardly "roaring," and some price measures show inflation remains stubbornly elevated.

      The wealthy ramp up spending while other Americans tread water, new study finds

      The wealthy ramp up spending while other Americans tread water, new study finds

        The figures support the notion of a “K-shaped” economy, in which upper-income Americans are fueling a disproportionate share of the consumption that is the primary driver of the economy.

        Federal Reserve keeps interest rates unchanged even as Trump insists they be lowered

        Federal Reserve keeps interest rates unchanged even as Trump insists they be lowered

          The central bank said there are signs the job market stabilized and growth was "solid," an upgrade from last month's characterization.

          Paralyzing winter storms put a big chill on the US economy, but how much?

          Paralyzing winter storms put a big chill on the US economy, but how much?

            Experts say the massive winter storm hitting the American East is taking a multi-billion-dollar toll on the U.S. economy. But exactly how much is hard to quantify.

            Trump pushes for lower rates, ban on investor purchases to tackle home affordability

            Trump pushes for lower rates, ban on investor purchases to tackle home affordability

              The U.S. housing market is in a sales slump that dates back to 2022, when mortgage rates began to climb from COVID-19 pandemic lows.

              Federal Reserve cuts key rate but signals higher bar for future reductions

              Federal Reserve cuts key rate but signals higher bar for future reductions

                Lower rates from the Fed can bring down borrowing costs for mortgages, auto loans, and credit cards over time, though market forces can also affect those rates.

                Local News

                Longtime Elm Creek teacher is waiting for a kidney. She's swimming and doing Pilates, too.

                Longtime Elm Creek teacher is waiting for a kidney. She's swimming and doing Pilates, too.

                As retired teacher Cindy Schroeder awaits a kidney transplant, she's swimming five mornings a week, doing Pilates and more. It's as beneficial emotionally as it is physically.

                Friends, customers in Kearney stunned that man known for generosity faces deportation

                Friends, customers in Kearney stunned that man known for generosity faces deportation

                Carlos Godinez won’t be alone in court Tuesday. His sister and legal team will be at his side, and 2,000-plus friends and customers signed petitions vouching for his moral character.

                Grass fire damages properties north of Highway 30

                Grass fire damages properties north of Highway 30

                A grass fire developed just north of Highway 30 and Cessna Road just after noon Saturday, multiple sources reported. Several properties were damaged.

                Kearney police say cause of infant's death is 'undetermined'

                Kearney police say cause of infant's death is 'undetermined'

                KPD said: “Ultimately, it was determined that prosecution would not proceed, as there is not a reasonable belief that evidence of a crime could be presented beyond a reasonable doubt.”

                State & Regional

                Two weeks later, Nebraska DISH customers still without some favorite channels

                Two weeks later, Nebraska DISH customers still without some favorite channels

                DISH Network customers in Nebraska no longer have access to some of their favorite local channels.

                Lincoln hits 20-year low in major crimes amid police hiring surge

                Lincoln hits 20-year low in major crimes amid police hiring surge

                Lincoln police say serious crime hit a 20-year low in 2025, driven by drops in property crime and stronger staffing levels.

                Think Lincoln has enough coffee shops? Think again — 2 more 7 Brews coming.

                Think Lincoln has enough coffee shops? Think again — 2 more 7 Brews coming.

                The Arkansas-based coffee chain 7 Brew is opening two more Lincoln locations this fall, marking the drive-thru stand's fifth and sixth in Nebraska's capital.

                Reader blames Democrats for long TSA lines

                Reader blames Democrats for long TSA lines

                For the second time in six months, the Democrats are using these poor public servants as pawns, a readers writes in a letter to the editor.

                Nation & World

                Nestlé says 413,793 KitKat candy bars stolen en route from Italy to Poland

                Nestlé says 413,793 KitKat candy bars stolen en route from Italy to Poland

                "Whilst we appreciate the criminals' exceptional taste … cargo theft is an escalating issue for businesses of all sizes," KitKat said.

                Scientists capture video of female sperm whales working together during birth to protect calf

                Scientists capture video of female sperm whales working together during birth to protect calf

                Scientists have captured rare footage of a sperm whale giving birth, offering a window into the large mammals' behavior.

                New studies of old dogs help scientists understand where they came from

                New studies of old dogs help scientists understand where they came from

                Using the oldest dog genes studied so far, scientists are finding more evidence that our furry friends have been our companions for thousands of years.

                How notorious billionaire Leona Helmsley's foundation is saving lives in rural America

                How notorious billionaire Leona Helmsley's foundation is saving lives in rural America

                "Your ZIP code should not determine your health outcomes," said Walter Panzirer, the Helmsley trustee who started the rural health program, "and yet for so many rural Americans, it does."

                Recommended For You

                Malmo Fire Department prepares to host 27th annual breakfast

                Malmo Fire Department prepares to host 27th annual breakfast

                ICE detains Kearney entrepreneur with deep Nebraska ties

                Nebraska quarterback Anthony Colandrea impresses in spring game

                Nebraska quarterback Anthony Colandrea impresses in spring game

                Shopping

                5 Best THC Gummies of 2025

                5 Best THC Gummies of 2025

                Affiliate content. Find the best options for THC gummies in 2025. 

                Survey: Impulse Buys May Be Ruining Some Americans’ Finances

                Survey: Impulse Buys May Be Ruining Some Americans’ Finances

                Long gone are the days where impulse buying meant grabbing an unplanned candy bar or magazine in the checkout line. Now, social media makes it quick and easy for us to purchase just about anything with the click of a button, whether or not it’s in the budget. And for some Americans, it’s hurting them...

                Holiday Shoppers Beware: 3 Traps to Avoid as Scammers Prepare

                Holiday Shoppers Beware: 3 Traps to Avoid as Scammers Prepare

                Black Friday is fast approaching, and shoppers are gearing up. The National Retail Federation expects more than 183 million people to shop over the weekend spanning Thanksgiving to Cyber Monday this year. But fraudsters are preparing for Black Friday too, looking for opportunities to steal your money or personal information. Before you dive into holiday...

                Survey: Many Gift-Buying Parents Pressured to Overspend This Holiday Season

                Holiday shopping season is upon us, and the pressure is on, or at least it feels that way for some parents. A new NerdWallet survey, conducted by The Harris Poll, finds that 48% of parents with children under 18 feel pressure to spend more money on holiday gifts than they’re comfortable spending.According to NerdWallet’s annual...

                Partner

                Provided
                Wandering Risk: Dementia Rates and the Growing Importance of GPS Monitoring

                Wandering Risk: Dementia Rates and the Growing Importance of GPS Monitoring

                Provided content. As Canada’s population ages, a quiet public safety issue is becoming harder to ignore: wandering among people living with dementia.

                Sponsored
                National Pork Producers Association is all about pork and community

                National Pork Producers Association is all about pork and community

                Content by Power of Pork. Giving back to our communities, contributing to the health of our communities, helps ensure everyone has the opportunity to receive the nutrition they need.

                Sponsored
                Nothing says decadence like this sweet and zesty Honey Orange Glazed Ham

                Nothing says decadence like this sweet and zesty Honey Orange Glazed Ham

                Content by The Power of Pork. This glazed ham is a showstopping blend of sweet, citrusy and savory flavors, perfect for gatherings or a cozy family dinner. 

                Sponsored
                One pot wonder: Tender Apple Cider Braised Pork Shoulder

                One pot wonder: Tender Apple Cider Braised Pork Shoulder

                Content by The Power of Pork. Try this Apple Cider Braised Pork Shoulder dish for dinner.

                Crime

                Recent crime stories in Racine County

                Recent crime stories in Racine County

                Kearney police, Buffalo County Sheriff's Office launch joint paid internship

                Kearney police, Buffalo County Sheriff's Office launch joint paid internship

                From patrol to investigations, interns with KPD and BCSO get hands-on experience — and $15 to $20 an hour.

                SWAT vehicle used during risky arrest involving firearms in Kearney

                SWAT vehicle used during risky arrest involving firearms in Kearney

                KPD Chief Gabe Kowalek said he was proud of the safe manner in which officers took the suspect into custody while protecting bystanders.

                Troopers find 242 pounds of cocaine during commercial truck inspection near Overton

                Troopers find 242 pounds of cocaine during commercial truck inspection near Overton

                The driver was arrested. Bail is set at $2 million, and a preliminary hearing is set for March 12, according to court records.

                Politics

                Nick's Gyros owner in Kearney will answer ICE allegations that could get him deported

                Nick's Gyros owner in Kearney will answer ICE allegations that could get him deported

                Carlos Godinez has helped many, but now he needs the community's help to avoid deportation. The restaurant owner’s sister, a lawyer, is trying to help him but feels powerless.

                Report: Many Nebraska inmates who died may have qualified for medical parole

                Report: Many Nebraska inmates who died may have qualified for medical parole

                A new report finds up to half of Nebraska inmates who died of natural causes may have qualified for medical parole but remained in prison.

                Nebraska gubernatorial candidate Walz calls for unity at Lincoln listening session

                Nebraska gubernatorial candidate Walz calls for unity at Lincoln listening session

                "I don't care if they're Republicans, Democrats or Independents. We've got to have conversations. We have got to open those doors again."

                Recent Racine County Board of Supervisors stories

                Recent Racine County Board of Supervisors stories

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