The Federal Reserve on Wednesday raised its benchmark interest rate by 75 basis points for the third straight month as it tries to bring scorching-hot inflation under control, a move that threatens to slow U.S. economic growth and exacerbate financial pain for millions of households and businesses.
(Reuters) – Federal Reserve Bank of New York President John Williams said Wednesday that inflation is still at problematic levels and the U.S. central bank will act to lower it, in comments that noted recent […]
WASHINGTON (AP) — Over the past year, inflation in the United States has tumbled from 9% all the way to 3%, softening most of the price pressures that have gripped the nation for more than two […]
Forty-six percent of bank executives predict overall economic conditions will worsen over the next 12 months Bankers are not feeling good about the next year. According to a survey released Wednesday by IntraFi Network, 46% of bank […]
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