Federal Reserve Board Chairman Kevin Warsh speaks during a news conference at the Federal Reserve in Washington, Wednesday, Sept. 16, 2026. (AP Photo/Mark Schiefelbein)
Markets

Federal Reserve hikes key rate for 1st time in 3 years, defying Trump demands for a cut

Customers shop at a retail store in Vernon Hills, Ill., Monday, June 12, 2023. (AP Photo/Nam Y Huh)
United States

Is it a ‘richcession’? Or a ‘rolling recession’? Or maybe no recession at all?

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