Gross domestic product increased 0.6 percent after two quarters of decline, but key components continue to show an economic slowdown.
Tag: Federal Reserve System
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A Rising Dollar Is Hurting Other Currencies. Central Banks are Stepping In.
The Federal Reserve’s interest rate hikes are unsettling global markets and prompting other central banks to prop up their domestic currencies.
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Relentless Rise in Interest Rates Looms Over Another Volatile Week for Markets
The 10-year U.S. Treasury yield, which underpins everything from mortgages to credit cards, was on course to rise for a twelfth consecutive week, matching the longest streak since 1984.
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Federal Budget Deficit Fell to $1.4 Trillion as Pandemic Spending Eased
The gap between what the government borrows and what it spends narrowed amid less spending and higher tax receipts.