Headlines: Saturday 5 August 2023
– Treasury Secretary Yellen calls US credit rating downgrade “entirely unwarranted”
– Job openings fall to lowest level in more than two years in June
– Biden administration launches new student debt repayment plan
– Federal Reserve announced a 0.25% hike in interest rates
– Inflation in the US was at 3% in June, as Fed bids to cut rate to 2%
– Initial unemployment claims fell by 9,000 in week ending 15 July, to 228,000
Take a look at related AS USA news articles:
