us government independent agencies

The Fed hits pause on interest rate hikes while it reviews more data

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The Fed hits pause on interest rate hikes while it reviews more data

Washington, DC CNN  —  The Federal Reserve said Wednesday it will pause its rate hikes, keeping its benchmark lending rate at a 22-year high, while signaling fewer rate cuts next year. The move was widely expected, after the central bank signaled in recent weeks that it intended to wait for more data to understand how … Read more

The US dollar could go digital. Here’s what you need to know

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The US dollar could go digital. Here’s what you need to know

CNN Business  —  As technology continues to revolutionize the way people live, work and spend, central banks around the globe have kicked off efforts to reinvent their local currencies for the digital era. Now, the United States is the latest to signal “urgency” in researching a potential digital version of its dollar via a Central … Read more