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The Federal Reserve raised its benchmark interest rate by a hefty three-quarters of a point for a second straight time.
Tagged with: federal reserve inflation
Read More »Fed unleashes another big rate hike in bid to curb inflation
Fed board member opens door to 1-point hike if demand rises
A member of the Federal Reserve's Board of Governors said he would be open to supporting a huge 1 percentage point increase in the Fed's key short-term interest rate.
Tagged with: federal reserve interest rates
Read More »Fed ethics inquiry clears Powell and Clarida trades
The Fed's inspector general concluded that financial trades made several years ago by Chair Jerome Powell and Richard Clarida did not violate any laws or ethics rules.
Tagged with: federal reserve
Read More »Senate approves Michael Barr to Federal Reserve post
The Senate easily approved Michael Barr to be the Federal Reserve's top banking regulator in a bipartisan vote Wednesday.
Tagged with: Congress federal reserve
Read More »Fed official: Solid economy can handle rising rates
The U.S. economy is healthy and shows little sign of an imminent recession, and can withstand higher interest rates, the St. Louis Federal Reserve president said.
Tagged with: Economy federal reserve inflation
Read More »Powell: Fed aiming to avoid recession amid inflation fight
Federal Reserve Chair Jerome Powell said the pace of future rate hikes will depend on whether — and how quickly — inflation starts to decline.
Tagged with: federal reserve inflation interest rates
Read More »This is how a higher Fed rate could affect your finances
These are some of the most common questions being asked about the impacts of the Federal Reserve rate hike.
Tagged with: federal reserve interest rates
Read More »Average mortgage rates jump by most in 35 years
Average long-term U.S. mortgage rates made their biggest one-week jump in 35 years, one day after the Federal Reserve raised its key rate by three-quarters of a point.
Tagged with: federal reserve mortgage rates mortgages
Read More »Fed attacks inflation with its largest rate hike since 1994
The Federal Reserve intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point.
Tagged with: federal reserve inflation interest rates
Read More »Hot inflation dims likelihood Fed can achieve ‘soft landing’
With the Fed set to announce another sharp interest rate hike after it meets this week, the likelihood that it can engineer a so-called “soft landing” appears to be dimming.
Tagged with: federal reserve inflation
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