Federal Reserve officials held interest rates steady Wednesday despite stubborn inflation.  The central bank’s Federal Open Market Committee (FOMC) voted 10-2 to keep the benchmark federal funds rate range at 3.75 percent to 4 percent. “The committee believes that the accumulation of more information will help it determine the policy stance appropriate to ensure a…

Federal Reserve officials held interest rates steady Wednesday despite stubborn inflation.  The central bank’s Federal Open Market Committee (FOMC) voted 10-2 to keep the benchmark federal funds rate range at 3.75 percent to 4 percent. “The committee believes that the accumulation of more information will help it determine the policy stance appropriate to ensure a…

The Treasury Department on Wednesday sanctioned 10 individuals and one entity involved in an alleged scheme to defraud American businesses to benefit the North Korean military. The department’s Office of Foreign Assets Control (OFAC) sanctioned eight North Korean nationals and two Russian nationals, accusing them of facilitating a government-run information technology (IT) scheme to generate…

The Treasury Department on Wednesday sanctioned 10 individuals and one entity involved in an alleged scheme to defraud American businesses to benefit the North Korean military. The department’s Office of Foreign Assets Control (OFAC) sanctioned eight North Korean nationals and two Russian nationals, accusing them of facilitating a government-run information technology (IT) scheme to generate…

Bond yields ticked up Wednesday morning ahead of the Federal Reserve’s decision on interest rates, with investors expecting the central bank to keep borrowing costs steady.  The 10-year U.S. Treasury bond yield was trading at more than 5.02 percent as of midmorning, up by roughly 3 basis points from closing time Tuesday. The note dipped…

Bond yields ticked up Wednesday morning ahead of the Federal Reserve’s decision on interest rates, with investors expecting the central bank to keep borrowing costs steady.  The 10-year U.S. Treasury bond yield was trading at more than 5.02 percent as of midmorning, up by roughly 3 basis points from closing time Tuesday. The note dipped…

Federal Reserve officials will decide whether to raise interest rates again on Wednesday, as persistent inflation strains Americans ahead of the midterm elections. Annual inflation was 3.7 percent in September, according to the consumer price index (CPI). That marked an increase from 3.4 percent in August and showed inflation remains entrenched in the economy amid…

Federal Reserve officials will decide whether to raise interest rates again on Wednesday, as persistent inflation strains Americans ahead of the midterm elections. Annual inflation was 3.7 percent in September, according to the consumer price index (CPI). That marked an increase from 3.4 percent in August and showed inflation remains entrenched in the economy amid…