Federal Reserve hikes key rate for 1st time in 3 years, defying Trump demands for a cut
The Federal Reserve increased its key interest rate by a quarter-point to approximately 3.9%. This marks the first rate hike in three years. The move occurred despite calls from President Trump for a rate cut.
The quarter-point increase lifts the Fed’s key rate to about 3.9%.
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Good morning. Mostly sunny with a high around 89 and chances of isolated showers before 2 PM and then again this evening. A low near 72 overnight. The Mystics visit the Chicago Sky tonight. 🌎 How well do you know the District? Play our new geography game and test your local knowledge. 📫 You can […] The post JD Vance Likens “Emily in Paris” to Shakespeare, House Leaves Town, and the Obamas’ Dog Sunny Died first appeared on Washingtonian.
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Home shoppers holding out for relief from rising mortgage rates may be in for a long wait. The weekly average rate on a 30-year fixed-rate home loan has been rising for months and reached its highest level in over 14 months last week at 6.76%, according to mortgage buyer Freddie Mac. This week’s snapshot, due...
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YOUNGSTOWN, Ohio (AP) — In the wood-paneled basement of a union hall, retirees sat in folding chairs last week as they recalled how miles of steel mills and plentiful jobs had slowly disappeared. “We told our children to get your education, get out, and don’t come back,” said Al Antonelli, who has been a member...