Fed cuts interest rates half a point, the first reduction since 2020

WASHINGTON —  The Federal Reserve on Wednesday slashed interest rates by an unusually large one-half of a…

Hotel sales lag in Los Angeles and across the state

Hotel sales are flagging in Los Angeles County and throughout the state as high interest rates…

Fed leader tees up interest rate cuts in search of soft landing

After a near textbook campaign to rein in inflation by raising interest rates, the head of…