The Federal Reserve is widely expected to hike interest rates on Wednesday.
The Federal Reserve on Wednesday approved its first interest rate hike in more than three years and indicated another to come.
Developing story — details emerging. Check the source link for the latest updates.
The Federal Reserve Open Market Committee unanimously raised interest rates by a quarter-point on Wednesday, noting “inflation remains elevated. ” Fed Chair Kevin Warsh will speak to the increase at a press conference shortly.
Developing story — details emerging. Check the source link for the latest updates.
The Federal Reserve raised interest rates Wednesday for the first time in several years in the face of stubborn inflation. The central bank’s Federal Open Market Committee (FOMC), under Fed Chair Kevin Warsh, voted unanimously to increase the federal funds rate to a range of 3. 75 percent to 4 p...