Economy Mar 22 WATCH LIVE: Fed Chair Powell gives update after interest rate decision amid banking turmoil By Christopher Rugaber, Associated Press
Economy Mar 16 Federal Reserve lent $300 billion in emergency funds to banks in the past week Nearly half the money — $143 billion — went to holding companies for the two major banks that failed over the past week, Silicon Valley Bank and Signature Bank, triggering widespread alarm in financial markets. By Christopher Rugaber, Associated Press
Economy Mar 14 U.S. inflation eases but stays high, putting the Federal Reserve in a tough spot U.S. consumer price increases eased slightly from January to February but still pointed to an elevated inflation rate that is posing a challenge for the Federal Reserve at a delicate moment for the financial system. By Christopher Rugaber, Associated Press
Economy Mar 14 Inflation eased in February but remains high, putting pressure on Fed U.S. consumer price increases eased slightly from January to February but still pointed to an elevated inflation rate that is posing a challenge for the Federal Reserve at a delicate moment for the financial system. By Christopher Rugaber, Associated Press
Economy Mar 13 Watch 11:30 Government takes steps to shore up confidence after collapse of two banks sparks fears Regional banks took a beating and suffered their deepest losses in years on the stock market Monday. It came after the government's top financial authorities spent the weekend taking action to shore up confidence around the system after the failure… By Paul Solman, Diane Lincoln Estes, Geoff Bennett, Saher Khan
Mar 12 Federal government moves urgently to avert potential banking crisis By Ken Sweet, Christopher Rugaber, Chris Megerian, Cathy Bussewitz, Associated Press The U.S. government took extraordinary steps Sunday to stop a potential banking crisis after the historic failure of Silicon Valley Bank, assuring depositors at the failed financial institution that they would be able to access all of their money quickly. Continue reading
Mar 10 U.S. economy adds 311,000 jobs in February despite Fed’s rate hikes By Chris Rugaber, Associated Press America's employers added a substantial 311,000 jobs in February, fewer than January's huge gain but easily enough to keep pressure on the Federal Reserve to raise interest rates aggressively to fight inflation. Continue reading
Mar 08 Powell says ‘no decision’ on the Federal Reserve’s next move on interest rates By Christopher Rugaber, Associated Press Federal Reserve Chairman Jerome Powell stressed Wednesday that the central bank's policymakers have yet to decide how large an interest rate hike to impose at its next meeting in two weeks in its drive to defeat high inflation. Continue reading
Mar 07 WATCH: Fed Chair Jerome Powell says increased rate hikes may continue if economy stays strong By Christopher Rugaber, Associated Press The Federal Reserve could increase the size of its interest rate hikes and raise borrowing costs to higher levels than previously projected if evidence continues to point to a robust economy and persistently high inflation, Chair Jerome Powell told a… Continue reading
Feb 24 Federal Reserve rate hikes likely to cause a recession, research says By Christopher Rugaber, Associated Press Can the Federal Reserve keep raising interest rates and defeat the nation's worst bout of inflation in 40 years without causing a recession? Not according to a new research paper. Continue reading