Powell Says Fed’s Inflation Fight Could Take Years
The Federal Reserve is expected to continue raising interest rates, despite their recent decision to temporarily slow down the pace of rate increases. Chair Jerome...
Powell, Other Central Bankers Face Uncertain Inflation Outlook: WSJ
Central bankers globally have hastily escalated interest rates to levels not seen in over a decade in an attempt to quell inflation. However, they admit...
Fed Officials Debate Whether to Pause Rate Rises
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Fed Officials Signal Higher Interest Rates Will Be Needed to Contain Inflation
A senior Federal Reserve official said the economy will need higher borrowing costs for a few years to bring down inflation and prevent price pressures...
Americans Cautious About Spending as Holiday Season Nears
U.S. consumers appear to be approaching the holiday season somewhat cautiously, according to The Conference Board. The private research group’s Holiday Spending Survey found consumers...
Cathie Wood Says Fed Rate Increases Raise Risk of Deflation
Cathie Wood, whose investment funds have been hammered this year by the selloff in technology stocks spurred by the Federal Reserve’s interest rate increases, wrote...
Fed’s Evans Open Minded on Size of September Rate Increase
Federal Reserve Bank of Chicago President Charles Evans said Thursday he is undecided on what size interest rate increase he will support at the central...
India’s Central Bank Takes Steps to Stem Rupee’s Slide
India’s central bank has relaxed debt-market rules for foreign portfolio investors and allowed commercial banks to raise interest rates on nonresidents’ foreign-currency deposits in a...
NY Fed: Public’s Near-Term Inflation Expectations Again Hit Record in February
Households’ expectations of the near-term future path of inflation surged back to record levels in February, amid growing worries that it will become harder to...
Fed’s Bullard: Four Interest Rate Rises in 2022 Now Appear Likely
Federal Reserve Bank of St. Louis President James Bullard said the U.S. central bank will need to move more aggressively on rate rises this year...