Doug covers topics from a national angle including politics, consumer issues, stories that cross borders, and news that catches the attention of U.S. lawmakers.
The U.S. Federal Reserve released its latest decision on rates, saying the U.S. central bank will keep rates at their current levels for now as inflation continues to take a toll on American spending.These cities raised taxes — for child care. Parents say it changed their lives AP via Scripps News 8:56 AM, May 01, 2024 The central bank said on Wednesday that recent economic indicators"suggest that economic activity has continued to expand at a solid pace.
The White House saysa primary driver of economic growth is consumer spending, and experts say it could be older Americans who have benefited from outsize gains in the housing and stock market who are causing some of the slowdown in a lowering of rates by the Fed, The Associated Press reported.Biden administration announces water heater energy standards Justin Boggs 9:37 AM, May 01, 2024 Those outcomes appear to be revealing themselves in the form of increased spending on discretionary travel.
On Wednesday the U.S. Federal Reserve called the country's economic outlook"uncertain" and said it would remain"highly attentive" to the risks of inflation.
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Federal Reserve Holds Policy Steady, Says Progress on Inflation Has StalledStephen Alpher is CoinDesk's managing editor for Markets. He holds BTC above CoinDesk’s disclosure threshold of $1,000.
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Federal Reserve says it doesn't plan to cut interest rates until inflation further coolsU.S. stocks are drifting Wednesday as Wall Street waits to hear from the Federal Reserve about where interest rates may be heading.
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