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About 1.67 million people were receiving jobless aid the week that ended Nov. 26, up 62,000 from the week before.
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The unemployment rate is 3.7%, a couple of ticks above a half-century low.
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It was the Federal Reserve’s sixth rate hike this year.
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The central bank’s decision follows a jump in inflation to 9.1%, the fastest annual rate in 41 years.
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A local expert says even though the increase will make borrowing more expensive, it is meant to help us all.
The Federal Reserve took emergency action Sunday and slashed its benchmark interest rate by a full percentage point to nearly zero to try to offset the impact of the coronavirus outbreak.
Federal Reserve Chairman Jerome Powell is asking Congress to tackle the growing budget deficit.
The Federal Reserve has cut its benchmark interest rate for the third time this year to try to sustain the economic expansion in the face of global threats. But it hinted that it won't cut again at its next meeting.
The Federal Reserve is raising its benchmark interest rate for the third time in six months, providing its latest vote of confidence in a slow-growing but durable economy.
The Federal Reserve is raising its benchmark interest rate for the second time in three months and signaling that any further hikes this year will be gradual.