Relief checks live updates: COLA 2023, mortgages, social security payments, housing market, December jobs report

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Hello and welcome to AS USA’s live blog on financial news, focusing on inflation and relief programs to help families keep up with increasing prices. 

After a stronger-than-expected December jobs report, the Federal Reserve may continue to increase interest rates. Over the past few months, the Fed has said that a tight labor market, like the one we are currently experiencing, is to blame for inflationary pressure. However, it could be a few weeks before another increase is announced. 

California is wrapping up the delivery of payments for the Middle-Class Tax Refund, and at this time, it does not appear that many states have plans to provide more relief. 

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