The Federal Reserve Open Market Committee raised interest rates by a quarter-point on Wednesday, citing that inflation remains elevated. Fed Chair Kevin Warsh is scheduled to address the increase at a press conference shortly. Meanwhile, House Republican leaders announced on Wednesday that they will conclude the final legislative week before the midterm elections early, allowing lawmakers to leave Washington sooner than planned.
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Federal Reserve raises interest rates; House to recess early
The Federal Reserve Open Market Committee raised interest rates by a quarter-point on Wednesday, citing elevated inflation. Additionally, House Republican leaders announced an early recess for lawmakers ahead of the midterm elections.
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Live updates: Fed raises interest rates; House plows through work to recess a day early
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Federal Reserve raises interest rates; House to recess early