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Federal Reserve hikes key rate for 1st time in 3 years, defying Trump demands for a cut
The Fed Raises Rates Again Federal Reserve officials raised their benchmark interest rate by a quarter point, marking the first increase since 2023. The decision lifted the key rate to…
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America In Focus: inflation accelerated in August, home sales weaken and diesel prices soar
Inflation and Energy Costs Increase Economic data showed that inflation and energy costs continued pressuring American households and businesses. Consumer prices rose 3.4% in August from a year earlier, matching…
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Why the Federal Reserve is lifting rates now, and what it means
The Fed Moves from Caution to Action Six weeks after a divided Federal Reserve kept rates unchanged, its policy committee unanimously approved an increase. Nearly all officials also indicated that…
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Retail sales rise a better-than-expected 1.2% in August after shoppers pulled back spending in July
A Strong August Rebound Retail sales rose 1.2% in August after a revised 0.5% decline in July, according to Commerce Department data. The gain exceeded economists’ forecast of 0.7%. July’s…