While lower than previous hikes, this will still likely deepen economic pain for millions by pushing up the cost of borrowing even further
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Fed move acknowledges that inflation is easing
The Federal Reserve approved a half-point interest rate hike on Wednesday, a smaller increase than in recent months and an acknowledgment that inflation is finally...
Stocks fall following Fed rate hike
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Opinion: The Fed could be facing a nightmare scenario
The Federal Reserve has done a reasonable job of managing the surge in consumer price inflation over the past year and a half. Having peaked...
‘Anything extra is out of the question’: Inflation cuts into holiday spending
High inflation has made holiday budgeting more complicated for middle class Americans. CNN’s Gabe Cohen speaks with families about the sacrifices they are making this...
CEOs sound alarm bells about economy
Some top CEOs appear to be worried that the economy could be the Grinch that steals Christmas this year. And investors are not pleased....
Meet the world’s new richest person
Bernard Arnault, the chairman of French luxury goods giant LVMH, has just become the first European to top Bloomberg’s list of the world’s richest people,...
Americans have little appetite for Biden-Trump rematch in 2024
• Analysis: McCarthy’s impossible GOP math • GOP strategist: McCarthy ‘all wrong’ in quest to be speaker...
Department of Veterans Affairs sued over decision to offer abortion counseling and certain abortions to veterans
A nurse at a Department of Veterans Affairs medical facility in Texas sued the department Tuesday over its decision to offer abortions services in certain...
Stocks struggle after the Fed eases up on rate hikes
The Federal Reserve is expected to raise rates by a half point at the conclusion of its meeting at 2 pm ET. But investors will...