INDIANAPOLIS (WISH) — Here’s a look at the headlines from Tuesday’s affairs with Jane King.
The consumer price index is expected to be released on Tuesday.
The report is expected to show inflation slowing again last month – although price increases facing US consumers remain near 40-year highs – even as the Federal Reserve raises interest rates at pace. the fastest in decades.
While falling oil prices likely lowered headline inflation last month, Bank of America economists said in a recent note that the potential decline in core prices could only be the result of rebates for holidays and a drop in used-car prices, while housing — the single largest share of the consumer price index — is expected to remain rigid.
The Federal Reserve is expected to raise interest rates this week
The Federal Reserve is all but certain to announce its intention to raise interest rates again on Wednesday, but some investors are hoping it will be a smaller increase than the last four hikes. Traders bet on a rise of only half a point.
CVS and Walgreens agree to $10 billion opioid settlement
CVS and Walgreens have agreed to pay state and local governments a combined total of more than $10 billion to settle lawsuits over their role in the opioid abuse epidemic.
The agreements are among the largest in a flurry of proposed and finalized opioid regulations in recent years. Another major drugstore operator, Walmart, agreed to a settlement last month for $3 billion.
Indiana is expected to receive $219 million from CVS and Walgreens and $59.4 million from Walmart.
Opioids have been linked to more than 500,000 deaths in the United States over the past two decades, with the most casualties in recent years.
Supreme Court Rejects Attempt to Suspend Ban on Flavored Tobacco Products
The United States Supreme Court has rejected a tobacco industry bid to block a California ban on flavored tobacco products.
The emergency plea was made by RJ Reynolds, a unit of British American Tobacco, and other major tobacco companies seeking to stop or delay the measure, which is expected to come into effect next week.
Airbnb introduces New Year restrictions
Airbnb is trying to combat disruptive parties and neighborhood nuisance by limiting some guests who make overnight bookings around New Years this year, the popular rental company said.
Airbnb said in a press release that it plans to ban some guests who request all-day bookings.
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