In an effort to combat inflation at 40-year highs, the Federal Reserve on Wednesday announced its widely expected decision to raise interest rates for the first time since December of 2018. The Fed said it has decided to raise the target range for the federal funds rate by 25 basis points to 0.25 to 0.5 percent. more...
In a widely expected move, the Federal Reserve announced its decision to raise interest rates by 25 basis points on Wednesday. The Fed decided to raise the target range for the federal funds rate to 2 to 2.25 percent, citing realized and expected labor market conditions and inflation. more...
Consumer credit in the U.S. showed another significant increase in the month of April, according to a report released by the Federal Reserve on Friday. The report said consumer credit surged up by $20.5 billion in April after jumping by an upwardly revised $21.3 billion in March. Economists had expected credit to climb by about $16.5 billion compared to the $20.5 billion increase originally reported for the previous month. ...
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