Federal Reserve likely to skip interest rate hike at next meeting, officials signal
Leading Federal Reserve officials are sending out stronger signals that they will forego an interest rate increase at the central bank's next meeting.
Measure of inflation closely tracked by Fed increased in April
A key index of U.S. prices ticked higher in April, and consumer spending rebounded, a sign that inflationary pressures in the economy remain high.
A June pause in rate hikes would be a close call for Fed officials, minutes show
Federal Reserve officials were divided on whether to pause their interest rate hikes at their upcoming meeting in June, according to meeting minutes.
Survey of economists: Inflation, Fed’s key interest rate both will stay high
The Federal Reserve will make only modest progress in its fight against inflation for the rest of this year, a group of business economists predict in a survey.
Federal Reserve Chair Powell hints at a pause in rate hikes
Chair Jerome Powell indicated Friday that the Federal Reserve will likely forgo an increase in its benchmark interest rate.
Retail sales up slightly in April, buoyed by solid job market, lower prices in some areas
Americans picked up their spending modestly in April, spending money online and dining out, buoyed by a solid job market and a retreat in prices for some things.
Biden taps new Fed vice chair, first Hispanic member of Fed board
President Joe Biden has nominated Philip Jefferson, a member of the Federal Reserve's Board of Governors, to serve as vice chair of the board.
Fed official: Inflation not easing fast enough toward 2% target
Inflation remains “stubbornly high” and is no longer making much progress toward the Federal Reserve's 2% target, a top Fed official said.
US prices stay high, showing inflation pressures persist
Consumer prices in the United States rose again in April, and measures of underlying inflation stayed high.
Lawsuit: Yellen should ignore ‘unconstitutional’ debt limit
A union of government employees sued Janet Yellen and Joe Biden to try to stop them from complying with the law that limits the government's total debt.
How a Fed increase could affect credit card debt, auto loans
NEW YORK — If, as expected, the Federal Reserve raises interest rates yet again Wednesday in its drive to cool inflation, much of America will be directly affected. Rates on credit cards, mortgages and auto loans, which have been surging since the Fed began raising rates last year, all stand to rise even more. The result […]
FDIC recommends raising insured deposit limit for businesses
U.S. businesses might be able to secure bank deposit insurance for accounts holding more than $250,000 if Congress agrees with the Federal Deposit Insurance Corp.'s new proposal to ease the industry turmoil that has sparked three bank failures in the past two months.