KVSP raises
Bloomberg Creative/Getty Images (WASHINGTON) — The Federal Reserve raised its benchmark interest rate another 0.25% on Wednesday, reviving its inflation fight despite a significant cooldown of price increases in recent months. The rate hike brought the Fed’s benchmark interest rate to a 22-year high of between 5.25% and 5.5%. Inflation has fallen significantly from a peak […]
Anna Moneymaker/Getty Images (WASHINGTON) — The Federal Reserve on Wednesday raised its short-term borrowing rate another 0.25%, escalating the central bank’s attack on inflation just two days after the forced sale of First Republic Bank. The Fed’s 10th consecutive rate increase arrives less than a week after fresh government data showed that U.S. economic growth slowed […]
Beata Zawrzel/NurPhoto via Getty Images (WASHINGTON) — Just a day after the Justice Department announced a series of indictments targeting the Chinese government’s alleged efforts to intimidate dissidents living in the U.S., senior FBI officials on Wednesday raised alarm about what they described as an “inflection point” in authoritarian regimes seeking to engage in similar acts […]
Bloomberg Creative/Getty Images (WASHINGTON) — The Federal Reserve on Wednesday raised its short-term borrowing rate another 0.25%, intensifying the central bank’s fight against inflation despite concern that previous rate increases helped trigger the nation’s banking crisis. The Fed’s benchmark interest rate has contributed to the financial emergency facing U.S. banks. Inflation has fallen significantly from a […]
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