Financial

Financial

Fed raises key rate by a half-point in bid to tame inflation

The Federal Reserve intensified its fight against the worst inflation in 40 years by raising its benchmark interest rate by a half-percentage point Wednesday — its most aggressive move since 2000 — and signaling further large rate hikes to come. The increase in the Fed’s key short-term rate raised it to a range of 0.75%

Financial

Powell reinforces expectations of sharp rate hike next month

The Federal Reserve must move faster than it has in the past to rein in high inflation, Chair Jerome Powell said Thursday, signaling that sharp interest rate increases are likely in the coming months, beginning at the Fed’s next policy meeting in May. In a panel discussion held by the International Monetary Fund during its

Financial

AZ Attorney General’s Office Issues Consumer Advisory Regarding Buy Now Pay Later Loans

Attorney General Mark Brnovich wants Arizona consumers to make informed decisions about the use of Buy Now Pay Later (BNPL) products. BNPL products are becoming an increasingly popular way for consumers to purchase goods or services now and pay over time through installment payments.  BNPL consumers may benefit from increased purchasing power and paying over

Financial

Stocks extend rally, notching biggest weekly gain since 2020

Stocks recovered from an early slide on Wall Street and closed broadly higher Friday, notching their biggest weekly gain in 16 months. The S&P 500 rose for the fourth straight day, adding 1.2% to a streak that included back-to-back days with gains of 2%. The Dow Jones Industrial Average rose 0.8%, while the Nasdaq composite

Financial

Wall Street reels, then recovers after invasion of Ukraine

Markets swung wildly Thursday as the world reacted to Russia’s invasion of Ukraine. Stocks in Europe fell sharply, while stocks in the U.S. recovered from early losses after President Joe Biden stopped short of implementing the steepest possible sanctions against Russia. The S&P 500 rallied 1.5% after erasing an early 2.6% loss, while the Nasdaq

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