US economy grew at 2.4% rate in second quarter
The US economic recovery gained momentum in the spring as buoyant consumer spending and resurgent business investment helped to keep a recession at bay.
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The US economic recovery gained momentum in the spring as buoyant consumer spending and resurgent business investment helped to keep a recession at bay.
After pausing in June, the US Federal Reserve is widely expected to hike interest rates again on Wednesday, adopting its most restrictive monetary stance for 22 years despite recent signs of slowing inflation
At the upcoming Federal Open Market Committee (FOMC) meeting on Wednesday, the Federal Reserve is poised to increase the fed funds rate by 25 basis points, pushing borrowing costs to 5.25-5.5%, the highest since February 2001.
WASHINGTON, July 24 — After pausing in June, the US Federal Reserve is widely expected to hike interest rates again on Wednesday, adopting its most restrictive monetary stance...
The Federal Reserve is expected to raise rates by 0.25% on Wednesday, resuming its aggressive rate hiking campaign in an effort to bring inflation back to its 2% target.