Economy May 11 U.S. prices see smallest rise in eight months, spurring hopes that inflation may be peaking Inflation slowed in April after months of relentless gains, a tentative sign that price increases may be peaking while still imposing a financial strain on American households.
Economy May 04 How higher Federal Reserve rates stand to affect Americans’ finances Economists foresee the fastest pace of rate increases since 1989. The result could be much higher borrowing costs for households well into the future as the Fed fights the most painfully high inflation in four decades.
Economy May 04 Federal Reserve raises key rate by a half-point in bid to tame inflation The Federal Reserve intensified its drive to curb the worst inflation in 40 years by raising its benchmark short-term interest rate by an sizable half-percentage point.
Politics May 04 WATCH: Federal Reserve Chair Jerome Powell gives update as Fed announces interest rate hike The Fed also announced that it will start reducing its huge $9 trillion balance sheet, made up mainly of Treasury and mortgage bonds. Reducing those holdings will have the effect of further raising loan costs throughout the economy.
Economy May 02 Federal Reserve poised to fight inflation with fastest rate hikes in decades The Federal Reserve is poised this week to accelerate its most drastic steps in three decades to attack inflation by making it costlier to borrow, which will compound Americans' financial strains and likely weaken the economy.
Politics Apr 29 Biden, Mexican president discuss migration, other issues President Joe Biden discussed efforts to address the unprecedented flow of migration along the U.S. southern border in a Friday afternoon call with Mexican President Andrés Manuel López Obrador.
Economy Apr 29 A key inflation gauge jumped 6.6 percent in March, possibly nearing a peak An inflation gauge closely tracked by the Federal Reserve surged 6.6% in March compared with a year ago, the highest 12-month jump in four decades and further evidence that spiking prices are pressuring household budgets and the health of the…
Politics Apr 28 U.S. economy shrinks first time in two years but consumer and business spending strong The U.S. economy shrank last quarter for the first time since the pandemic recession struck two years ago, contracting at a 1.4 percent annual rate, but consumers and businesses kept spending in a sign of underlying resilience.
Politics Apr 28 WATCH: Senate debates bill to help build domestic technology supply chains amid shrinking economy The debate comes amidst news that the U.S. economy shrank in the first three months of the year, and faces threats from high inflation and rising interest rates.
Economy Apr 06 Federal Reserve 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.