interest rates

The Federal Reserve raised interest rates by half a percentage point Wednesday, which was a smaller increase than the four previous hikes.

The Federal Reserve raised interest rates by another 0.75 percentage points Wednesday, as part of its ongoing effort to fight inflation. The big question is, what happens next.

Factories have added 467,000 jobs in the last 12 months, as production jumped to its highest level since 2008. But manufacturing remains a much smaller slice of the U.S. economy than it used to be.

New data shows the super-charged COVID-era housing market beginning to cool off in many regions across the country, including the Carolinas.

During the past two years, America’s red-hot housing market left millions of people scrambling to find an affordable home to purchase or rent.