Latest / Charleston West Virginia News Today | 2 Min News | The Daily News Now!
Economy Slows, Inflation Stalls Fed | Charleston News
The economy’s growth slowed to just 1.5% in the latest quarter, down from 2.1% earlier this year, with consumer spending stepping in to prevent a deeper dip. But government spending, investments, and exports lagged. Inflation remains stubbornly high—at 3.7% overall and 3.3% core—far above the Fed’s 2% target. While the Fed kept rates steady, three members voted to raise them by a quarter point, signaling internal division. Chair Powell remains cautious, emphasizing the need for time to tame inflation and announced a return to regular press briefings. Listen in comfort:Get a discount on a Soli…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.