Nation Feb 10 Inflation hits 40 year high, reinforcing Fed’s decision to raise interest rates Inflation soared over the past year at its highest rate in four decades, hammering America's consumers, wiping out pay raises and reinforcing the Federal Reserve's decision to begin raising borrowing rates across the economy.
Economy Feb 04 U.S. employers shrug off omicron, add 467,000 jobs in January The Labor Department’s Friday report also showed the unemployment rate ticked up to 4 percent from 3.9 percent. Job gains in December were also revised much higher.
Politics Jan 26 WATCH: Federal Reserve plans to raise rates as soon as March to cool down inflation The Federal Reserve signaled Wednesday that it plans to begin raising its benchmark interest rate as soon as March, a key step in reversing its pandemic-era low-rate policies that have fueled hiring and growth but also escalated inflation.
Economy Jan 24 Federal Reserve expected to raise interest rates in fight against inflation With inflation punishing consumers and threatening the economy, the Federal Reserve will likely signal its intent this week to begin raising interest rates in March for the first time in three years.
Economy Jan 20 Federal Reserve report on digital currency centers on banks The Federal Reserve released a highly anticipated report on central bank digital currencies that suggested it is leaning toward having banks and other financial firms, rather than the Fed itself, manage digital accounts for customers.
Economy Jan 12 Inflation jumps 7 percent, the biggest increase since 1982, as Americans increase spending Prices paid by U.S. consumer jumped 7% in December from a year earlier, the highest inflation rate since 1982 and the latest evidence that rising costs for food, gas, rent and other necessities are heightening the financial pressures on America's…
Politics Jan 11 WATCH: Federal Reserve chair Jerome Powell says inflation poses a major threat to job market Federal officials have forecast three increases in the their benchmark short-term rate this year, though some economists say they envision four rate hikes in 2022.
Economy Dec 15 Fed will tighten credit faster and sees 3 rate hikes in 2022 amid inflationary pressure In an abrupt policy shift, the Fed announced Wednesday that it will shrink its monthly bond purchases at twice the pace it previously announced, likely ending them altogether in March.
Economy Dec 15 WATCH: Jerome Powell says Federal Reserve will tighten credit amid inflation surge With inflation surging and unemployment falling, the Federal Reserve said Wednesday that it will shrink its support for the economy more quickly and expects to raise interest rates three times next year.
Economy Dec 09 Americans are focused on inflation as incomes go up, AP-NORC poll finds Americans' overall income has accelerated since the pandemic, but so has inflation — and a new poll finds that far more people are noticing the higher prices than the pay gains.