Tuesday’s business headlines
INDIANAPOLIS (WISH) — Here’s a look at Tuesday’s business headlines with Monica Malpass.
Federal Reserve to discuss interest rates Tuesday
The Federal Reserve meets today to once again consider an interest rate hike.
Another hike was a sure bet until the banks started crumbling, analysts say, but the Fed must now decide between economic stability and fighting inflation.
The Fed is expected to announce another rate hike after Tuesday’s meeting.
Credit bureaus top list of consumer complaints
The three major credit bureaus topped the list of complaints to the U.S. Consumer Financial Protection Bureau in 2022.
Consumers reached out to the CFPB for help with errors with credit reporting as well as problems with investigations of their complaints.
Last year, there were 604,221 complaints tied to Transunion, Experian, and Equifax.
Facebook, Instagram adding blue checkmark
Adults in the U.S. can soon have a blue checkmark on Facebook and Instagram—as long as they pay and show identification.
The service, called Meta Verified, costs $11.99 a month for Facebook accounts that sign up from a web browser and $14.99 a month through the Facebook or Instagram mobile apps.
Meta-verified subscribers will get other perks, like increased security checks and the ability to talk to a real person about account issues.
Kroger expanding selection of store-brand products due to inflation
Kroger is expanding its assortment of store-brand products as grocery shoppers continue to feel the pinch of inflation.
About 30% of people globally say they’re buying mostly store-brand products instead of name-brand items.
Survey reviews big mac prices across the country
Cashnet USA reviewed Big Mac prices in all 50 states to determine where customers pay the most — and the least — for the iconic fast food burger.
In Indiana, the average price of a Big Mac is $4.11.