Briefly: Fed voices determination to curb inflation
Fed voices determination to curb inflation
In minutes from their
The minutes show that the policymakers expressed concern during their meeting that the
Beginning in March this year, the Fed has raised rates five times in an aggressive pace that has boosted its key short-term rate to a range of 3% to 3.25%, the highest level since 2008. The central bank is set to raise rates again at its meetings in November and December, beginning with another large three-quarter-point hike early next month.
German airline prohibits AirTags in luggage
It does not appear that any other airlines are requiring passengers to turn off the trackers, which have become popular as a way to find lost baggage.
Although
Regulators in
Late slide pulls markets into the red
A wobbly day of trading on
Utilities, technology companies and health care stocks weighed on the market, keeping gains elsewhere in check. Duke Energy fell 4%,
PepsiCo rose 4.2% after raising its profit forecast for the year following encouraging quarterly financial results.
Cruise line operators were among the biggest gainers in the S&P 500. Carnival rose 10.1%,
Compiled from
With rising rates and rising debt, the taxpayer bill is finally coming due
Biden: Slight Recession Is Possible; Investors Weigh New Inflation Data, Fed Minutes; Bank Of England Confirms Emergency Support To End
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