Economy
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Country's real GDP increased in first quarter of 2026 at annualized rate of 2.2 percent
Investment, exports, consumer spending and government spending were contributors to the first-quarter real GDP increase. Imports, which are a subtraction in the calculation of GDP, also increased, the agency also said.
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Federal Reserve holds rates steady, but with significant disagreement
The vote was split 8-4, with officials expressing varying reasons for their vote.
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Federal Reserve expected to hold interest steady in Powell's final policy meeting as chair
The global energy shock stemming from the U.S.-Iran conflict in the Middle East is creating economic uncertainty as the Federal Open Market Committee meets to discuss policy.
