The central bank is ramping up its drive to tighten credit and slow growth with inflation having reached a four-decade high of 8.6%, spreading to more areas of the economy and showing no sign of slowing.
Federal Reserve
Jun 10, 2022 |
Consumer prices surged 8.6% last month from a year earlier, faster than April’s year-over-year increase of 8.3%, the Labor Department said Friday. The new inflation figure, the highest since 1981, will heighten pressure on the Federal Reserve to continue raising interest rates aggressively.
May 23, 2022 |
The S&P 500 rose 1.9%, with technology and financial sector stocks doing much of the heavy lifting for the benchmark index. The Dow Industrial Average rose 2% and the Nasdaq climbed 1.6%.
May 5, 2022 |
The substantial half-point hike in its benchmark short-term rate that the Federal Reserve announced Wednesday won’t, by itself, have much immediate effect on most Americans’ finances. But additional large hikes are expected to be announced at the Fed’s next two meetings, in June and July, and economists and investors foresee the fastest pace of rate increases since 1989.
Mar 15, 2022 |
The wilder action was in oil and Asian stock markets, where tightened anti-COVID measures in China are raising worries about demand for energy and about disruptions to manufacturing and global trade. Oil prices tumbled more than 8%, taking some pressure off the world’s high inflation, and a barrel of U.S. crude fell below $95 after starting the week above $109.
Jan 24, 2022 |
The stock market extended its three-week decline and put the benchmark S&P 500 on track for a so-called correction — a drop of 10% or more from its most recent high.
Dec 10, 2021 |
Economists are now voicing a more discouraging message: Higher prices will likely last well into next year, if not beyond.
Jun 17, 2021 |
The Federal Reserve signaled Wednesday that it may act sooner than previously planned to start dialing back the low-interest-rate policies that have helped fuel a swift rebound from the pandemic recession but have also coincided with rising inflation.
Feb 23, 2021 |
Federal Reserve Chair Jerome Powell underscored the U.S. economy’s ongoing weakness Tuesday in remarks that suggested that the Fed sees no need to alter its ultra-low interest rate policies anytime soon.
Nov 5, 2020 |
The Fed announced no new actions after its latest policy meeting but left the door open to provide further assistance in the coming months.
Oct 12, 2020 |
According to the Federal Reserve, the gap between the rich and the not-so-rich in the U.S. is getting wider. What that new data may mean for economic inequality in America.
Oct 6, 2020 |
Federal Reserve Chair Jerome Powell warned Tuesday that a tentative recovery from the pandemic recession could falter unless the federal government supplies additional economic support.
Jul 28, 2020 |
Whether piled up in change jars, cup holders or couch crevices, coins are not circulating, and that makes it difficult for businesses to deal in cash, the U.S. Coin Task Force says. Here’s how to help.
Feb 25, 2020 |
A conversation with with the Nobel Prize-winning economist and New York Times opinion columnist about his new book, “Arguing With Zombies: Economics, Politics, and the Fight for a Better Future.”
Jul 31, 2019 |
While the U.S. economy continues its record-breaking expansion, some wonder whether the Fed reacted to softening global markets or perhaps even pressure from President Donald Trump.
Jul 29, 2019 |
The Fed under Chairman Jerome Powell has signaled that rising economic pressures — notably from President Donald Trump’s trade wars and from a global slowdown — have become cause for concern. So has an inflation rate that remains chronically below the Fed’s target level.
