Wednesday, November 2, 2022

Fed delivers big rate hike, signals possible smaller increases ahead

The Federal Reserve on Wednesday raised interest rates by three-quarters of a percentage point as it continued to battle the worst outbreak of inflation in 40 years, but signaled future increases in borrowing costs could be made in smaller steps to account for the "cumulative tightening of monetary policy" it has enacted so far.

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'Walked into his girlfriend's building': How Mike Walz, JD Vance celebrated demise of Houthi commander in leaked war chat

The strike was part of a broader US military operation initiated Friday afternoon following a directive from President Biden to restore free...