Live updates: Fed raises interest rates; House plows through work to recess a day early
The Federal Reserve unanimously raised interest rates by a quarter-point on Wednesday to address elevated inflation. House Republican leaders announced lawmakers will leave Washington a day early for the midterm election recess.
The Federal Reserve Open Market Committee unanimously raised interest rates by a quarter-point on Wednesday, noting "inflation remains elevated." Fed Chair Kevin Warsh will speak to the increase at a press conference shortly. House Republican leaders are cutting short the final legislative week before the midterm elections, announcing Wednesday that lawmakers will leave Washington after...
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