U.S. Inflation Hits New 40-Year High as Price Increases Spread
The prices of gas, food and most other goods and services jumped in May, raising inflation to a new four-decade high and giving American households no respite from rising costs.
Interest Rates
Federal Reserve Cuts Key Interest Rate by Quarter-Point
The Federal Reserve is cutting its key interest rate for the first time in a decade to try to counter threats ranging from uncertainties caused by President Donald Trump’s trade wars to chronically low inflation and a dim global outlook. The central bank cut its benchmark rate – which affects many loans for households and businesses – by a quarter-point…
