The Federal Reserve on Wednesday raised its benchmark short-term interest rate for the first time in 9 ½ years, providing a long-awaited vote of confidence for the recovery from the Great Recession by beginning to remove the last of the central bank’s extraordinary steps to boost economic growth.
The share of U.S. homes sold to first time home buyers this year declined to the lowest level in almost 3 decades.
The U.S. trade deficit widened in October as exports resumed a steady decline, the latest sign a slumping global economy is draining foreigners’ appetite for American-made goods.
Much more is highlighted in Reports and Announcements
