The move lifted the Fed’s benchmark short-term rate from roughly 5.1% to 5.3% — its highest level in 22 years.
The Teamsters called the tentative agreement “historic” and “overwhelmingly lucrative.” It includes, among other benefits, higher wages and air conditioning in delivery trucks.
The 6-3 decision leaves borrowers on the hook for repayments set to resume in late summer.
The FTC also alleged that Amazon’s leadership slowed or rejected changes that made canceling the Amazon Prime subscription easier.
For the first time in 15 months, the Federal Reserve has kept its key interest rate unchanged.
Treasury Secretary Janet Yellen said Friday the projected debt ceiling deadline is extended to June 5, four days later than previously estimated.
The Fed’s rate increases over the past 14 months, aimed at quelling inflation, have elevated the cost of loans and heightened the risk of a recession.
The treasury secretary urges Congress to protect nation’s “full faith and credit” by raising the government’s borrowing authority.
The central bank also signaled that it’s likely nearing the end of its aggressive series of rate hikes.
Critics say ESG investments allocate money based on political agendas rather than on earning the best returns for savers.
