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News
Federal Reserve holds interest rates steady for seventh-consecutive month
10+ hour, 18+ min ago (337+ words) KWXX - Hawaii The Federal Reserve opted to maintain its benchmark interest rate in the target range of 3.5% to 3.75% on Wednesday, marking a continued pause in monetary policy adjustments despite ongoing pressure from above-target inflation. The decision by the Federal Open…...
U.S. inflation climbs to 3-year high as energy costs fueled by Iran conflict push prices higher
1+ mon, 2+ week ago (457+ words) KWXX - Hawaii U.S. inflation accelerated to its highest level in more than three years in May, driven largely by rising gasoline and energy costs tied to the conflict involving Iran, according to data released Wednesday by the Labor Department’s Bureau of…...
Federal Reserve Keeps Interest Rates Unchanged | KWXX - Hilo, HI
6+ mon, 1+ day ago (592+ words) The central bank said in a statement that there are signs the job market has stabilized while it also said growth was “solid,” an upgrade from last month’s characterization as “modest.” Two officials dissented from the decision, with Governors Stephen…...