economy

March 7, 2026

Pogacar Makes It Three in a Row at Strade Bianche While Chabbey Sprints to Glory

Teenage French Sensation Paul Seixas Finishes Second

Pogacar Makes It Three in a Row at Strade Bianche While Chabbey Sprints to Glory

TL;DR

  • The Federal Reserve raised its benchmark interest rate by a quarter percentage point.
  • The new target range for the federal funds rate is 5.25% to 5.5%.
  • This is the 11th rate increase since March 2022 and the highest level in 22 years.
  • The Fed may pause future rate hikes based on economic data.
  • Inflation remains elevated, and further increases could occur if it doesn't decline.
  • The U.S. economy shows resilience with strong job growth and consumer spending.
  • The Fed aims to bring inflation down to its 2% target.
  • The next Fed meeting is in September.

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