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The Federal Reserve raised its key interest rate by a substantial three-quarters of a point for a third straight time.
Tagged with: federal reserve inflation
Read More »Fed attacks inflation with another big hike and expects more
How much ‘pain’? Fed to signal more rate hikes ahead
Federal Reserve Chair Jerome Powell warned in a speech that the Fed’s drive to curb inflation would “bring some pain." On Wednesday, Americans may get a better sense of how much pain.
Tagged with: federal reserve inflation
Read More »Service sector remains strong despite inflation’s grip
The largest part of the U.S. economy is holding up against the hottest inflation in four decades and the threat of a potential recession.
Tagged with: inflation service sector
Read More »Driven by consumers, inflation grows more persistent
U.S. inflation is showing signs of entering a more stubborn phase that will likely require drastic action by the Federal Reserve.
Tagged with: federal reserve inflation
Read More »Inflation slows for 2nd month but remains stubbornly high
U.S. inflation slowed for a second straight month on a sharp fall in gas prices, yet excluding energy most other items got more expensive in August.
Tagged with: inflation
Read More »As small businesses raise prices amid inflation, some customers push back
Inflation isn’t only costing small businesses money. It’s costing them customers as well.
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Read More »Fed hoping August hiring report will show slowdown
If Friday’s jobs report for August were to show a significant hiring slowdown, the Federal Reserve would likely welcome it.
Tagged with: federal reserve inflation
Read More »Job vacancies rose in July, dashing Fed hopes for cooling
The number of open jobs in the United States rose in July after three months of declines, a sign that employers are still urgently seeking workers.
Tagged with: federal reserve hiring inflation jobs
Read More »Fed’s inflation fight could bring ‘pain,’ job losses, Powell says
The Fed will likely impose more large interest rate hikes in coming months and is focused on taming the highest inflation in four decades.
Tagged with: federal reserve inflation
Read More »Inflation eases as consumer prices rise 6.3% in July
Inflation eased last month as energy prices tumbled, raising hopes that a surge in prices increases may have peaked.
Tagged with: consumer prices inflation
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