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The falling benchmark rate will eventually mean better rates for borrowers who face the highest credit card interest rates in…
The Federal Reserve's move raised its key short-term rate to a range of 3.75% to 4%, its highest level in…
Federal Reserve Chair Jerome Powell says battling inflation may cause a recession and a “soft landing” looks increasingly unlikely.
Rising consumer demand for services, such as airline tickets, hotel rooms and restaurant meals, is still helping fuel inflation.
The clearest signal that a recession is underway, economists say, would be a steady rise in job losses and a…