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Fed begins Warsh era by keeping rates on hold, sees one hike later this year
The Federal Reserve held interest rates steady, but policymakers expect a hike in borrowing costs later this year amid growing concerns about inflation.
Yum Brands to sell struggling Pizza Hut for $2.7B after prolonged demand slump
Yum Brands said it would sell Pizza Hut for $2.7 billion, as it struggles with stiff competition in the fast-food market and cautious consumer spending.
Consumer inflation posts largest increase in three years in May
U.S. consumer inflation increased at its fastest pace in three years in May as the Middle East conflict raised the price of gasoline and other energy products.
Job market notches third straight month of solid growth in May
The economy posted another month of strong employment gains in May, confirming that the labor market was gaining traction after stumbling last year.
Gas tax in MD to increase slightly on July 1
Maryland motorists will face an increase in the state gas tax rate starting next month, though they may not notice the change.
Inflation posts largest annual increase in three years in April
U.S. inflation increased at its fastest pace in three years in April, driven by higher energy prices due to the Iran war.
Fed minutes show more policymakers were prepared to lay groundwork for rate hike
A growing number of Federal Reserve officials said last month the central bank should lay the groundwork for a possible rate hike.
Tax refunds help to lift US retail sales; rising inflation drag looms
U.S. retail sales increased solidly for a third straight month in April, though part of the rise in receipts was due to a sharp rise in inflation since the start of the U.S.-backed war with Iran.
Warsh clinches Senate approval as next Fed chair as inflation intensifies
The U.S. Senate approved Kevin Warsh as chair of the Federal Reserve, putting him at the helm as the central bank grapples with intensifying inflation.
Consumer prices see biggest annual rise in almost three years as prices increase broadly
U.S. consumer prices rose at a brisk clip for a second straight month in April, resulting in the largest annual increase in inflation in nearly three years.
MD-based Marriott raises annual room revenue growth forecast
Bethesda-based hotel operator Marriott International raised its full-year forecast for room revenue growth.
Annual inflation posts biggest gain in nearly three years in March
Inflation accelerated in March with the personal consumption expenditures price index rising 0.7%, the largest gain since June 2022, driven by higher gasoline prices.
