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The Economic Times

Global Business / The Economic Times

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America in focus: Fed officials eye higher rates; unemployment claims fall

Federal Reserve officials consider higher interest rates if inflation persists. Mortgage rates have eased slightly but remain higher than last year. US unemployment claims declined, indicating continued job security for most. Stock markets saw gains after a volatile week of trading. Bond market yields stabilized somewhat, contributing to calmer financial conditions.

22 Aug 2026 9:16 pm