A rate increase, the 11th in 17 months, would raise the Fed's short-term rate to roughly 5.3%, the highest level since 2001.
Federal Reserve Chair Jerome Powell speaks June 14 at the Federal Reserve Board Building in Washington.
Spectrum News Staff and Associated PressPUBLISHED 7:43 AM EDT Jul. 26, 2023by a quarter-point despite easing inflation, its 11th hike in 17 months. This is a developing story. Check back later for further updates.
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Big interest rate cuts ahead from the Bank of Canada if 2001 is any indicationThings can quickly change so get ready to see Bank of Canada actions speak louder than words over the coming year on interest rates. Read on.
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Jury acquits Kevin Spacey in London on sexual assault charges dating back to 2001A London jury acquitted Kevin Spacey on sexual assault charges on Wednesday after a four-week trial in which the actor said he was a “big flirt” who had consensual flings with men and whose only misstep was touching a man’s groin while making a “clumsy pass.”
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UK jury acquits Kevin Spacey on sexual assault charges dating back to 2001A London jury acquitted Kevin Spacey on sexual assault charges on Wednesday after a four-week trial in which the actor said he was a “big flirt” who had consensual flings with men
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