Federal Reserve News

Business

U.S. Growth Revised Up to 2.2% as Inflation Eases but Stays High

WASHINGTON - The U.S. economy grew at an annual rate of 2.2% from April through June, a substantial upward revision that...

Business

Fed Raises Rates for First Time Since 2023 as Inflation Persists

WASHINGTON - The Federal Reserve raised its benchmark interest rate by a quarter percentage point on Wednesday, its firs...

Business

U.S. Inflation Cools to 3.4% as Gas Prices Fall, but Household Pressure Persists

WASHINGTON - U.S. inflation eased in July as gasoline prices declined, offering households and the Federal Reserve a mea...