Forecasters see growing chance of a recession as Fed hikes rates this year to fight inflation
Forecasters have raised their outlooks for a recession and boosted their inflation projection as the Federal Reserve faces the quandary of fast-rising prices and greater...
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...
Goldman Sachs leaves Russia due to Ukraine invasion
David M. Solomon, Chairman and CEO of Goldman Sachs, speaks during the Milken Institute’s 22nd annual Global Conference in Beverly Hills, April 29, 2019 Mike...
Russia’s war on Ukraine a ‘defining moment’ of the century: John Kerry
U.S. Special Presidential Envoy for Climate John Kerry speaks during the CERAWeek energy conference 2022 in Houston, Texas, March 7, 2022. Daniel Kramer | Reuters...
Dow drops nearly 800 points as market turmoil continues from Russia-Ukraine war, inflation fears
Stocks fell again on Monday, following four straight weeks of declines, as investors grew increasingly concerned higher energy prices stemming from the Russia-Ukraine conflict would...
10-year Treasury yield tops 2% for the first time since 2019 after hot inflation
U.S. Treasury yields climbed on Thursday, with the benchmark 10-year rate breaching the 2% level, after key inflation data showed hotter-than-expected price pressures. The yield...
Jeffrey Gundlach says the Fed is ‘obviously behind the curve,’ will raise rates more than expected
Jeffrey Gundlach speaking at the 2019 SOHN Conference in New York on May 6th, 2019. Adam Jeffery | CNBC DoubleLine Capital CEO Jeffrey Gundlach said...
Seven hikes? Fast-rising wages could cause the Fed to raise interest rates even higher this year
A sign advertising for temporary workers at a Target store in Mount Kisco, New York. Scott Mlyn | CNBC Too much of a good thing,...
After a huge year for growth, the U.S. economy is about to slam into a wall
Free food is handed out by the Brooklyn community organization PASWO during a weekly food distribution on December 08, 2021 in New York City. Spencer...