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US Financial News: news summary | 29 July 2023

Keep up to date with the latest stories in the aftermath of the Federal Reserve increasing interest rates to their highest in 22 years.

Headlines: Saturday 29 July 2023

- Federal Reserve has announced a 0.25% hike in interest rates for July

- 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

- June jobs report showed that US added 209,000 jobs last month

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US finance news: welcome

We'll be looking at the aftermath of the Federal Reserve's decision to raise interest rates in a bid to curb inflation in the US.

You can also follow our live blog for news on SNAP benefits, IRS refunds and Social Security benefits.

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