The Fed increased its benchmark rate by 0. 25 percentage points to battle resurgent inflation driven by soaring energy prices.
Source: [CBS News](https://www.cbsnews.com/news/fed-interest-rate-decision-today/)
First deliveries of Generac’s backup power generators are worth $2. 4 billion.
Developing story — details emerging. Check the source link for the latest updates.
Developing story — details emerging. Check the source link for the latest updates.
Developing story — details emerging. Check the source link for the latest updates.
The Federal Reserve unanimously raised interest rates by a quarter point despite repeated calls from President Donald Trump for lower rates.
President’s criticism comes after Federal Reserve chair Kevin Warsh announced quarter-percent increase – the first since July 2023 Sign up for the US Breaking News email US Federal Reserve raises interest rates for the first time since 2023 Reader Q&A: how united are the Democrats ahead of the US...