US ECONOMY
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Business & Economy
Powell: Fed is prepared to accelerate pace of rate hikes
Washington, Mar 7 (EFE).- The Federal Reserve chairman told Congress on Tuesday that the US central bank remains laser-focused on…
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Business & Economy
Fed further eases pace of tightening with quarter-point rate hike
Washington, Feb 1 (EFE).- The United States Federal Reserve on Wednesday announced the eighth consecutive increase in its benchmark interest…
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Business & Economy
US economy grew by 2.1 percent in 2022
Washington, Jan 26 (EFE).- The US economy grew by 2.1 percent in 2022, according to early calculations of the country’s…
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Business & Economy
Fed continues inflation fight, raises rates by half point
Washington, Dec 14 (EFE).- The United States Federal Reserve took further action Wednesday to tackle high inflation, although it opted…
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Business & Economy
Fed expects to slow rate hikes as soon as December
Washington, Nov 30 (EFE).- Federal Reserve Chairman Jerome Powell said Wednesday that interest rate hikes will start to slow as…
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Business & Economy
US economy grows an annual rate of 2.6 pct. in 3rd quarter
Washington, Oct 27 (EFE).- The United States’ economy emerged from a “technical recession” in the third quarter, growing at an…
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Business & Economy
After Fed’s latest rate hike, Powell says to expect more in coming months
Washington, Sep 21 (EFE).- The chairman of the United States Federal Reserve said Wednesday after a new 75-basis-point interest rate…
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Business & Economy
Powell: Rate hikes needed now to avert greater economic pain down the road
Washington, Aug 26 (EFE).- Despite the hardships associated with steady interest rate hikes, the longer-term economic pain for businesses and…
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Business & Economy
Fed announces another major rate hike
Washington, Jul 27 (EFE).- The United States Federal Reserve said Wednesday that it is increasing its benchmark interest rate by…
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Business & Economy
Fed hikes interest rate by 0.75 percentage points in bid to tame inflation
Washington, Jun 15 (EFE).- The United States Federal Reserve on Wednesday raised its benchmark interest rate by 0.75 percentage points,…
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