Federal Reserve keeps key rate unchanged and still foresees 3 rate cuts this year
WASHINGTON (AP) — Federal Reserve keeps key rate unchanged and still foresees 3 rate cuts this year.
WASHINGTON (AP) — Federal Reserve keeps key rate unchanged and still foresees 3 rate cuts this year.
Russia’s Central Bank on Friday raised its key lending rate to its highest level in more than two years to stem soaring inflation in an overheated economy hit by Western sanctions in response to Moscow's military action in Ukraine. “Growth in domestic demand is still outstripping the capabilities to expand the supply of goods and services,” the bank said in a statement. It noted that inflationary risks have been driven by high inflation expectations and changing trade terms as a result of “geopolitical tensions,” a reference to Western sanctions against Russia over its action in Ukraine.
The Fed’s preferred inflation gauge had its slowest annual increase in more than three years, likely getting policy makers closer to the conviction needed to ease monetary policy.
A man accused of a series of sexual assaults on his wedding night and honeymoon has been found not guilty on all charges in a Sydney court.
The "Late Show" host mocked the former president over one curious claim.
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Republican presidential candidate Donald Trump called in to Fox News Thursday, where he told supporters that presumptive Democratic nominee Kamala Harris is a “radical left, not very smart person” who’s part of a massive conspiracy to weaponize the nation’s legal system against him. Harris’ campaign fired back mere minutes later with an email blasting the “78-year-old convicted criminal’s Fox ...
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