The U.K. economy expanded at the fastest pace since World War II last year after suffering a milder hit than expected in December. The 7.5% expansion was the largest since…
Tag: Rate
The US Economy Grew at Its Fastest Rate Last Year Since 1984
The US economy grew 5.7% throughout last year, the fastest expansion since 1984. That puts Biden in the same ranks as Reagan, who saw similar growth after the early-’80s recessions.…
Fed’s Mester: more rate hikes ahead in ‘painful’ battle with inflation
Hot dog sausages are seen in a supermarket, as inflation continues to hit consumers with the annual CPI increasing 8.3% in the 12 months through April, in Los Angeles, California,…
Consultant says Kingsport has one of the worst water rate structures ever seen | News
Kingsport has a water rate problem. A local government consulting firm said it’s so bad that the consultants had never seen anything like it. “This is one of the more,…
Despite the Fed’s big rate hike, most banks won’t pay much in interest
Jerome Powell, Federal Reserver Governor. Katie Kramer | CNBC The Federal Reserve just raised its benchmark interest rate by half a percentage point, its largest such move in more than…
Fed to Fight Inflation With Fastest Rate Hikes in Decades | Business News
By CHRISTOPHER RUGABER, AP Economics Writer WASHINGTON (AP) — The Federal Reserve is poised this week to accelerate its most drastic steps in three decades to attack inflation by making…
Fed officials discussed 50 basis point rate hike despite Russia invasion
Several Federal Reserve Board members favored a more aggressive interest rate hike in March to kick off a series of increases this year, but policymakers ultimately held back given such…
Unemployment rate fell to 3.6% in March as jobs report showed big gain
U.S. employers added a booming 431,000 jobs in March as tumbling COVID-19 cases more than offset concerns about soaring inflation and the war in Ukraine. The unemployment rate fell from 3.8% to 3.6%,…
Credit card debt will cost you more with the Fed’s interest rate hikes (video)
Last week the Federal Reserve raised its federal funds rate by one quarter of a percentage point after the consumer price index soared to 7.9% in February, reaching a 40-year…