The Federal Reserve held interest rates steady on Wednesday after hiking borrowing costs in September to clamp down on inflation. The central bank left the federal funds rate at a target range of 3.75% to 4%, keeping it unchanged after raising rates last month for the first time in three years. In a statement, the…
The Federal Reserve is scheduled to meet this week, when U.S. central bankers will decide whether to raise interest rates for the second time this year in a bid to subdue inflation. Most economists and Wall Street analysts expect the Fed to leave its benchmark rate unchanged at 3.75% to 4% when officials release the…
Candidates are in their last full week of campaigning before the midterm elections, and early voting is already underway in 43 states. The latest CBS News poll shows that most Americans do not approve of President Trump’s handling of the economy or inflation. Nikole Killion reports from Port Huron, Michigan. Source link
Call it the “avoidance” election, with many on each side more motivated by trying to prevent or stop things than by what they’ll gain. Against a backdrop of continued concern about inflation and the economy, Democrats maintain their lead in a bid for a House majority. They’re currently on pace for 229 seats in our…
McAllen, Texas — Benny Melendez, the owner of a small construction company along this stretch of the U.S.-Mexico border, says he’s been forced to take drastic measures to protect his immigrant workers. “If I don’t install fences, ICE is going to come into my property and take my workers away,” Melendez said as he showed…
Americans are facing a “food insecurity crisis” after shouldering an additional $22 billion in food costs due to rising inflation and billions of dollars in food-stamp cuts, according to Sen. Elizabeth Warren. In an Oct. 21 letter to U.S. Department of Agriculture Secretary Brooke Rollins, the Massachusetts Democrat said that the combination of rising food…
Republican Mike Rogers and Democrat Abdul El-Sayed clashed onstage Wednesday during the second, and final, debate in the increasingly bitter Michigan Senate race. El-Sayed repeatedly argued his opponent is and would be a “sock puppet” for President Trump in the Senate, while Rogers cast his opponent as untrustworthy and trying to run from past, further-left…
PHILADELPHIA — A few months before basketball superstar LeBron James made his decision to join the 76ers, season ticket holder Aaron Selkow was also staring down a crossroad: does he renew for a 59th season or has the buzzer sounded on the family’s longtime investment? “I’d been thinking about it forever,” Selkow, 56, recalled to…
Walmart on Tuesday debuted a discounted joint membership with Sam’s Club, the retailer’s warehouse club, in a bid to attract inflation-weary customers. Walmart said it’s offering a combined Walmart+ and Sam’s Club Plus membership for $120 a year, saving shoppers who buy them individually about $100 annually, according to the company. The joint membership gives…
Washington — President Trump is getting bipartisan blowback over his surprise decision to waive new sanctions on Russia two days before they were to go into effect. Congress approved the bipartisan legislation — championed by the late Republican Sen. Lindsey Graham of South Carolina, who died before it was passed — and it was signed…
