Fed Set to Impose Another Big Rate Hike to Fight Inflation
Conflicting signs about the health of the U.S. economy have thrust the Federal Reserve into a difficult spot as its interest rate-setting committee begins its latest meeting.
Fed: Sharply Higher Rates May Be Needed to Quell Inflation
Federal Reserve officials were concerned at their meeting last month that consumers were increasingly anticipating higher inflation, and they signaled that much higher interest rates could be needed to restrain it.
Hot Inflation Dims Likelihood Fed Can Achieve ‘Soft Landing’
For months, Chair Jerome Powell has held out hope that the Federal Reserve will be able to raise interest rates high enough to throttle rampant inflation without tipping the economy into recession.
Hiring Might Have Slipped Last Month to a Still-Strong Level
After months of robust hiring, U.S. employers might have pulled back slightly in May, to levels that would still be consistent with a healthy job market, despite high inflation and rising borrowing costs.
Biden Plots Inflation Fight With Fed Chair as Nation Worries
Focused on relentlessly rising prices, President Joe Biden plotted an inflation-fighting strategy Tuesday with the chairman of the Federal Reserve, with the fate of the economy and his own political prospects increasingly dependent on the actions of the government’s central bank.
Biden Says Inflation Is ‘Top Priority’ Before Meeting Fed Chair
President Joe Biden is set to meet with Federal Reserve Chairman Jerome Powell as soaring inflation takes a bite out of Americans’ pocketbooks.
Fed Officials Signal Rates May Head to ‘Restrictive’ Levels
Federal Reserve officials agreed when they met earlier this month that they may have to raise interest rates to levels that would weaken the economy as part of their drive to curb inflation, which is near a four-decade high.
Biden’s Burdens Grow: Sagging Global Economy Adds to US Woes
As President Joe Biden embarks for Asia on Thursday, he’s facing a new risk at home for the economy and his Democratic Party: a global slowdown caused by Russia’s invasion of Ukraine and the pandemic shutting down Chinese cities and factories.
Powell: Fed to Keep Hiking Rates Until it Controls Inflation
Chair Jerome Powell on Tuesday underscored the Federal Reserve’s determination to keep raising interest rates until there is clear evidence inflation is steadily falling – a high-stakes effort that carries the risk of causing an eventual recession.
Powell: ‘Soft’ Economic Landing May Be Out of Fed’s Control
Federal Reserve Chair Jerome Powell, fresh off winning Senate confirmation for a second term earlier in the day, acknowledged for the first time Thursday that high inflation and economic weakness overseas could thwart his efforts to avoid causing a recession.
World Shares Slip Ahead of Fed Interest Rate Decision
World shares were mostly lower on Wednesday as investors waited for a decision by the Federal Reserve on interest rates.
Fed Expected to Make Big Rate Hike, But Is It Too Late?
The Federal Reserve is poised this week to accelerate its most drastic steps in three decades to attack inflation by making it costlier to borrow – for a car, a home, a business deal, a credit card purchase – all of which will compound Americans’ financial strains and likely weaken the economy.
US Economy Shrank by 1.4 Percent in Q1 But Consumers Kept Spending
The U.S. economy shrank last quarter for the first time since the pandemic recession struck two years ago, contracting at a 1.4 percent annual rate, but consumers and businesses kept spending in a sign of underlying resilience.
Powell Reinforces Expectations of Sharp Rate Hike Next Month
The Federal Reserve must move faster than it has in the past to rein in high inflation, Chair Jerome Powell said Thursday, signaling that sharp interest rate increases are likely in the coming months, beginning at the Fed’s next policy meeting in May.
Federal Reserve’s Rate Hikes Threaten Its Goal of Narrowing Racial Gaps
America’s hiring boom of the past year has narrowed racial disparities in unemployment. Yet the Federal Reserve’s ongoing interest rate hikes – shaping up to be the steepest in 15 years – threaten to reverse that progress.
Fed Rate Cut Not Expected to Move Mortgage, Deposit Rates
Interest rates on residential mortgages and consumer banking accounts will likely see little movement in response to the Federal Reserve’s decision Wednesday to cut its benchmark interest rate by 25 basis points.
Fed Set to Cut Rates for First Time in Decade. Is it a Risk?
There’s little dispute that the Federal Reserve this week will do something it hasn’t done since 2008, when the U.S. economy was gripped by the Great Recession: Cut its benchmark interest rate.
Fed Leaves Its Key Rate Unchanged but Hints of Future Cuts
The Federal Reserve left its key interest rate unchanged Wednesday but signaled that it’s prepared to start cutting rates if needed to protect the U.S. economy from trade conflicts and other threats.
Powell Says He Sees ‘Moderate’ Risk from Corporate Debt
Federal Reserve Chairman Jerome Powell said Monday that the central bank is closely monitoring a sharp rise in corporate debt but currently does not see the types of threats that triggered the 2008 financial crisis.
Powell Hints at More Rate Hikes in 2018
After new Federal Reserve Chairman Jerome Powell issued prepared testimony and answered questions from lawmakers yesterday, many industry experts say the Federal Open Market Committee could raise interest rates four times this year, one more than previously predicted.
