Despite growing calls from politicians and economists for the Federal Reserve to pause its rate hikes, it came as no surprise that Fed officials once again unanimously stated on May 3, that they would.
The real gross domestic product (GDP) decreased 0.9% in the second quarter, according to the Bureau of Economic Analysis (BEA), following the first quarter decrease of 1.6%. This turn of events would.
As was widely expected, the Federal Reserve said it will raise interest rates by three-quarters of a percentage point rate, in a back-to-back move, following last month's historic raise. The new.
Inflation data was worse than expected in June, with the Bureau of Labor Statistics' (BLS) Consumer Price Index (CPI) increasing 9.1% for the 12 months ending June, a new four-decade high. The.
Inflation not only continued to rise in June, but data was even worse than expected. The Bureau of Labor Statistics (BLS) released its Consumer Price Index (CPI) on July 13, and the all-items index.