The Federal Reserve raised its benchmark interest rates for the first time since 2023 on Wednesday, aiming for a timelier return to the central bank’s 2% goal. This increase raises the central bank’s target by a quarter percentage point, to a range of 3.75% to 4.00%.
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Marion Oktoberfest Turns Five This Fall
Uptown Marion’s Oktoberfest is back for a fifth year Saturday, September 19.
Zverev Defeats Shelton to Claim U.S. Open Title
Alexander Zverev defeated American Ben Shelton 6-3, 7-6(2), 5-7, 6-2 on Sunday, winning the U.S. Open men’s singles title and his second Grand Slam championship of the year. The top-seeded German took control early, winning the first two sets with his powerful serve and two-handed backhand. Although Shelton fought back to win the third set, …
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U.S. Economy Added 162,000 Jobs in August as Hiring Rebounds
The American job market bounced back last month. Employers added 162,000 jobs in August, the Bureau of Labor Statistics reported Friday, outpacing forecasts of a 65,000 gain.
August Set a Record at the Pump, With Gas Above $4 Every Single Day
For the first time in the history of AAA’s tracking, the national average price of a gallon of regular gasoline stayed above $4 on every day of a month.
Inflation Cooled Slightly to 3.4 Percent in July
Consumer prices rose 0.1 percent in July and were up 3.4 percent from a year earlier, the Bureau of Labor Statistics shared in its last report, a slight improvement on June’s 3.5 percent annual rate.