Tag: key interest rate
Fed lifts rate by quarter-point and signals more hikes ahead
WASHINGTON (AP) – The Federal Reserve extended its fight against high inflation Wednesday by raising its key interest rate by a quarter-point, its eighth...
December retail sales fall 1.1% as inflation takes a toll
NEW YORK (AP) – Americans cut back on spending in December, the second consecutive month they've done so, underscoring how inflation and the rising...