HARRISBURG— Late this week, the Pennsylvania Department of Human Services announced that nearly 700,000 Pennsylvanians who are on Medicaid will begin receiving letters to inform them of federally-mandated changes to the program that are scheduled to begin in January 2027, according to a release. This letter is the first in a series of communications from PA…

Ahead of the upcoming Federal Reserve meeting, stubborn inflation, rising Treasury yields and signals from other central banks have all raised the prospect of a rate hike, which economists say is now all but certain. Ahead of the upcoming highly-anticipated Federal Reserve meeting, stubborn inflation, rising Treasury yields and signals from other central…

—The Federal Reserve and its interest rate policy will be the main focus for Wall Street this week. Wall Street will also get an update Wednesday on U.S. retail sales for August. The rate of inflation has held stubbornly above 3%, fueled by the U.S. war with Iran and its impact on the world's oil supply.

The Federal Reserve appears increasingly likely to hike interest rates next week, as inflation remains stubbornly elevated amid the war with Iran. This is raising expectations of a rate hike, even as President Trump pushes for Fed Chair Kevin Warsh to cut rates. Jai Kedia, a research fellow at the Center for Monetary and Financial Alternatives at the…