July 26, 2023 9:00 pm ETFederal Reserve Chair Jerome Powell said on Wednesday that the central bank will raise its benchmark interest rate by a quarter-percentage-point, bringing U.S. rates to their highest point in 22 years. Photo: Nathan Howard/Associated Press
The economy likely grew at a solid pace in the second quarter, suggesting the U.S. is steering clear of a recession many forecasters had expected to take hold this year.Continue reading your article with
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