Despite steady economic performance, U.S. consumer confidence remains subdued, and a Goldman Sachs economist says declining overall happiness may be a factor.
BBC's Samira Hussain outlines the factors behind the Federal Reserve's decision and its potential impact on the US economy.
BBC correspondent Samira Hussain examines the factors behind the Federal Reserve's latest rate decision and what it may mean for the American economy.
The central bank unanimously approved an increase to the benchmark rate, marking its first hike in three years, according to the BBC.
Al Jazeera reports rising fuel prices and a perceived strategic setback for Washington from the conflict could weigh on President Trump ahead of the midterm elections.
Commerce Department data show the strongest monthly retail sales growth in five months, with a key GDP-related measure jumping 1.4%.
The central bank's 25 basis-point hike comes as inflation weighs on the economy and ahead of closely watched US midterm elections.
The rate increase, the first in three years, comes as inflation continues to weigh on the US economy ahead of critical midterm elections.
The 10-year US Treasury yield briefly touched 5.04% before easing back, marking its highest level in nearly two decades, BBC Business reported.
A number of American eateries are eliminating tips, arguing the long-standing practice is unfair to workers and diners alike, according to BBC Business.