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Fed hints U.S. rates to stay high longer as inflation remains sticky

The U.S. Federal Reserve holds its benchmark interest rate steady at a 23-year high of 5.25-5.50 percent due to recent stubborn inflation, hinting that borrowing costs will remain at about ....

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US growth slowed sharply last quarter to 1.6 per cent pace, reflecting an economy pressured by high rates

The state of the US economy has seized Americans attention as the election season has intensified. Although inflation has slowed sharply, to 3.5 per cent from 9.1 per cent in 2022, prices remain well above their pre-pandemic levels. ....

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