Apr 14 Top Fed official sees need for more interest rate increases By Christopher Rugaber, Associated Press A senior Federal Reserve official said Friday that there has been little progress on inflation for more than a year and that more interest rate hikes are needed to get prices under control. Continue reading
Apr 12 Inflation eased in March but core prices remain stubbornly high By Christopher Rugaber, Associated Press U.S. consumer inflation eased in March, with less expensive gas and food providing some relief to households that have struggled under the weight of surging prices for nearly two years. Continue reading
Apr 07 Employers added 236,000 jobs in March, marking solid growth in labor market By Paul Wiseman, Associated Press Friday’s government report suggested that the economy and the job market remain on solid footing despite nine rate hikes imposed over the past year by the Fed. Continue reading
Mar 31 This key inflation measure slowed sharply in February By Paul Wiseman, Associated Press It's an encouraging sign in the Fed's yearlong effort to cool price pressures through steadily higher interest rates. Continue reading
Mar 28 Federal Reserve considering stronger bank rules after SVB failure, official says By Christopher Rugaber, Associated Press The Federal Reserve’s bank supervisors informed Silicon Valley Bank’s management as early as the fall of 2021 of risks stemming from its unusual business model, a top Fed official said, but the bank’s managers failed to take the steps necessary… Continue reading
Mar 22 WATCH: Federal Reserve Chair Powell gives update after raising interest rate amid banking turmoil By Christopher Rugaber, Associated Press The Federal Reserve is grappling with a hazier economic picture, clouded by turmoil in the banking industry and still-high inflation, just as it meets to decide whether to keep raising interest rates or declare a pause. Continue reading
Mar 16 Federal Reserve lent $300 billion in emergency funds to banks in the past week By Christopher Rugaber, Associated Press 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. Continue reading
Mar 14 U.S. inflation eases but stays high, putting the Federal Reserve in a tough spot By Christopher Rugaber, Associated Press 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. Continue reading
Mar 14 Inflation eased in February but remains high, putting pressure on Fed By Christopher Rugaber, Associated Press 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. Continue reading
Mar 13 Watch 11:30 Government takes steps to shore up confidence after collapse of two banks sparks fears By Paul Solman, Diane Lincoln Estes, Geoff Bennett, Saher Khan, Shoshana Dubnow 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… Continue watching