Fed raises rates by half a percentage point — the biggest hike in two decades — to fight inflation
WASHINGTON — The Federal Reserve on Wednesday raised its benchmark interest rate by half a percentage point, the most aggressive step yet in its fight...
Producer Price Index March 2022:
The prices that goods and services producers receive rose in March at the fastest pace since records have been kept, the Bureau of Labor Statistics...
Mortgage forecast lowered as rates soar, refinancing falls
The nation’s mortgage bankers are scaling back their expectations for the year as rapidly rising rates make it even more expensive to buy a home....
Powell says ‘inflation is much too high’ and the Fed will take ‘necessary steps’ to address
U.S. Federal Reserve Chairman Jerome Powell addresses an online only news conference in a frame grab from U.S. Federal Reserve video broadcast from the Federal...
US jobless claims total 214,000, better than expected for tight labor market
The U.S. labor market tightened further last week, with jobless claims coming in at the lowest level since the beginning of the year, the Labor...
Federal Reserve approves first interest rate hike in more than three years, sees six more ahead
The Federal Reserve on Wednesday approved its first interest rate increase in more than three years, an incremental salvo to address spiraling inflation without torpedoing...
A full recap of the Fed’s rate hike decision and Powell’s market-moving comments
Powell says there is ‘misalignment’ in labor market but not a wage-price spiral Powell said that the Fed doesn’t see evidence of a wage-price spiral...
Here’s everything the Fed is expected to do at its meeting this week
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a House Financial Services Committee hearing in Washington, D.C., U.S., on Wednesday, March 2, 2022....
CPI inflation February 2022:
Inflation grew worse in February amid the escalating crisis in Ukraine and price pressures that became more entrenched. The consumer price index, which measures a...
Inflation ‘could get out of control,’ calls for action
James Bullard Olivia Michael | CNBC NEW YORK — St. Louis Federal Reserve President James Bullard cautioned Thursday that without central bank action on interest...