Powell says the Fed will not hesitate to keep raising rates until inflation comes down
Jerome Powell, chairman of the U.S. Federal Reserve, arrives for a Senate Banking Committee hearing in Washington, D.C., on Thursday, July 15, 2021. Al Drago...
Powell says he can’t guarantee a ‘soft landing’ as the Fed looks to control inflation
US Federal Reserve Chairman Jerome Powell speaks during a news conference in Washington, DC, on May 4, 2022. Jim Watson | AFP | Getty Images...
Bernanke says the Fed’s slow response to inflation ‘was a mistake’
Former Federal Reserve Chair Ben Bernanke said the central bank erred in waiting to address an inflation problem that has turned into the worst episode...
Terra UST stablecoin dives below $1 peg; luna cryptocurrency down 80%
The two main tokens from embattled crypto project Terra went into free fall Wednesday. TerraUSD, or UST, plunged to as low as 26 cents. The...
Dow falls more than 600 points, S&P 500 tumbles below 4,000 to the lowest level in a year
Stocks fell sharply Monday, pushing the S&P 500 to breach the 4,000 level for the first time in more than a year as the market...
Dow tumbles 1,000 points, Nasdaq loses nearly 5% in worst day of the year for stocks
Stocks fell sharply on Thursday, erasing the gains seen in the previous session after the Federal Reserve raised rates by half a point in one...
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...
Dow tumbles 900 points and Nasdaq drops 4% to close out a brutal month
U.S. stocks sunk Friday with the Nasdaq Composite notching its worst month since 2008, as Amazon became the latest victim in April’s technology-led sell-off. The...
Dow drops about 300 points as April sell-off continues, global slowdown fears loom
The Dow Jones Industrial Average fell Monday, continuing an April market sell-off that has pushed the index lower for four straight weeks. Fear about a...
S&P 500 falls 1% on Friday, putting it on track for third-straight losing week
Stocks sank on Friday as the S&P 500 headed toward its third down week in a row amid busy earnings and rising bond yields. The...