Tag: key interest rate
Powell signals Fed may cut rates soon even as inflation risks...
JACKSON HOLE, Wyo. (AP) – Federal Reserve Chairman Jerome Powell on Friday opened the door ever so slightly to lowering a key interest rate...
Federal Reserve cuts key rate by quarter-point
WASHINGTON (AP) – The Federal Reserve cut its key interest rate Wednesday by a quarter-point – its third cut this year – but also...
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...
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