WASHINGTON (AP) — For the first time in nearly two years, the Federal Reserve is set Wednesday to keep its key short-term interest rate unchanged for a...
WASHINGTON — For the first time in nearly two years, the Federal Reserve is set Wednesday to keep its key short-term interest rate unchanged for a second straight policy meeting — the clearest sign to date that the Fed is edging closer to the end of its rate-hiking campaign.
Economists at Wall Street banks have estimated that sharp losses in the stock market and higher bond yields over the past few months will have a depressive effect on the economy equal to the impact of three or four quarter-point rate hikes by the Fed. And with the future path of rates murkier than usual, investors are demanding higher yields in return for the greater risk of holding longer-term bonds.
Adam Kinzinger said onetime Trump chief of staff John Kelly 'could barely stay awake' during a White House breakfast and told GOP lawmakers he was 'barely holding it together' in the role
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