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


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.