Federal Reserve ratchets up interest rates to combat inflation

  • US Economy Shrinks 0.6% in April-June

    Battered by surging consumer prices and rising interest rates, the US economy shrank at a 0.6% annual rate from April through June, the government announced, unchanged from its previous second-quarter estimate. It marked the second consecutive quarter of economic contraction, one informal...

    Published On September 30th, 2022