Anxious Fed set for historic measure to try to curb inflation
The Federal Reserve is set to take its most aggressive action in decades to rein in inflation when it meets this week — a move that would have implications for the entire economy.
Federal Reserve
Fed signals more aggressive steps to fight inflation
Federal Reserve officials are signaling that they will take a more aggressive approach to fighting high inflation in the coming months – actions that will make borrowing sharply more expensive for consumers and businesses and heighten risks to the economy.
Biden extends student loan repayment freeze through August
President Joe Biden announced Wednesday that the repayment freeze on federally held student loans would be extended through August.
Dallas Fed: Global recession ‘seems unavoidable’ if Russian sanctions continue
The Dallas Federal Reserve is warning that ongoing sanctions against Russia will lead to a global recession.
US: Fed prepared to raise interest rates ‘aggressively’
The US central bank must be swift in bringing “much too high” inflation to heel, Federal Reserve Chair Jerome Powell said Monday, adding that the bank could “aggressively” raise interest rates if necessary.
Fed announces first interest rate hike in years as inflation looms large
The Federal Reserve announced Wednesday it would raise its interest rate target by a quarter percentage point in an effort to curb soaring inflation, a major step away from its pandemic-era emergency policies.
Cryptocurrency Helping Ukraine’s Army, Raising Questions For U.S.
Ukraine’s government says it has raised some $106 million in global donations in cryptocurrency for its army. At the same time, nations rush to launch their digital currencies as an alternative to the U.S. dollar.
Key inflation gauge hit 6.1% in January, highest since 1982
An inflation gauge that is closely monitored by the Federal Reserve jumped 6.1% in January compared with a year ago, the latest evidence that Americans are enduring sharp price increases that will likely worsen after Russia’s invasion of Ukraine.
U.S. Fed governor opens door to half-point rate hike in March
Federal Reserve Governor Michelle Bowman said Monday that she was open to lifting interest rates by more than the traditional quarter-point at the central bank’s next meeting in March.
Federal Reserve indicates interest rate hike arriving in March
With both volatile markets and significant inflation in the mix, the Federal Reserve on Wednesday indicated that it may soon raise interest rates for the first time in more than three years.
Fed takes ‘first step’ toward considering digital dollar, seeks public comment
The Federal Reserve is asking for the public’s help in weighing whether the United States should develop and adopt a central bank digital currency.
Federal Reserve Chairman Powell says inflation poses ‘severe’ threat to job market
Federal Reserve Chairman Jerome Powell acknowledged Tuesday that high inflation is indeed a serious threat to the U.S. central bank’s goal of helping to get U.S. employees back to work.
US Federal Reserve Signals 3 Interest Rate Hikes in 2022
Policymakers at the U.S. central bank, the Federal Reserve, moved aggressively Wednesday to fight raging inflation in consumer prices for American shoppers and businesses.
US Inflation Highest In Nearly 40 Years
Under U.S. President Joe Biden’s watch, prices spiked a whopping 6.8 percent in November, compared with the same time last year, the fastest increase of inflation this nation saw in 39 years, the Federal Reserve revealed.
Inflation expectations at record level as country grapples with higher prices
Short-term inflation expectations are at their highest levels since the Federal Reserve Bank of New York began surveying consumers nearly a decade ago.
Fed officials expect higher unemployment rates by year end, signal stimulus easing, interest hike
Fed officials on Wednesday downgraded their forecast for the U.S. unemployment rates, with expectations that inflation and joblessness will rise before the end of the year.
Dow tumbles more than 600 points at Monday close, following three straight weeks of losses
U.S. stocks shed more than 600 points as the markets closed Monday. This recent plummet comes as emerging risks continue to become the September story for Wall Street.
Nearly 2 million households owe $15 billion in back rent as eviction moratorium expires
As many as 1.95 million households across America owed a collective $15 billion in back rent when a nationwide eviction moratorium expired this weekend, according to Federal Reserve Bank of Philadelphia estimates.
CBO projects US deficit will soar to $3 trillion this year
The Congressional Budget Office is projecting that the United States’s deficit will balloon to $3 trillion in 2021.
Fed officials now say they expect to raise rates by 2023
The Federal Reserve has decided to keep interest rates near zero even as too-high inflation concerns continue to percolate.
