US Interest Payments to Cost More Than Entire Defense Budget, $31 Trillion Debt Points to ‘Very Precarious Future’
The Federal Reserve announced on Wednesday it’s raising interest rates by another half point in an effort to stifle America’s crushing inflation problem. While this is smaller than the three quarter-point hikes from the past four Fed meetings, it’s sti…
Fed hikes interest rate by half a percentage point, with benchmark rate projected to top out at 5.25%
The Federal Reserve on Wednesday raised its benchmark interest rate by half a percentage point and signaled more tightening next year as it continues to battle high inflation, a fight that’s expected to slow the economy and raise unemployment.
Home sales fell for the ninth straight month in October, as higher mortgage rates scared off potential buyers
Existing home sales in the United States fell for the ninth straight month in October as higher mortgage rates kept buyers out of the housing market.
No Red Wave, But Republicans Poised To Win House
Commentators said Wednesday that Democrats defied historical odds in the critical U.S. midterm elections as an anticipated “red wave” of Republican victories did not materialize.
U.S. Interest Rates Rise Amid Soaring Inflation
U.S. interest rates rose again Wednesday in a sign that soaring inflation is hard to control in the world’s largest economy.
Fed Reserve expected to announce fourth consecutive interest rate hike
The US Federal Reserve is expected Wednesday to announce its fourth consecutive 0.75% interest rate hike since June, Reuters reports. Numerous economists polled by Reuters have said the Fed should not pause until inflation falls to around half its cur…
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