Jan 04 Officials cited strong hiring to justify raising interest rates, Fed minutes reveal By Christopher Rugaber, Associated Press Federal Reserve officials suggested at their most recent meeting that a continuing streak of robust hiring could keep inflation elevated and was a key reason why they expected to raise interest rates this year more than they had previously forecast. Continue reading
Dec 28 Why the U.S. is eyeing a digital dollar By Kenichi Serino As the Federal Reserve explores launching a digital dollar, some experts and activists question whether it could live up to its potential. Continue reading
Dec 23 Commerce Department inflation gauge shows price increases slowing to 5.5 percent By Paul Wiseman, Associated Press A measure of inflation closely watched by the Federal Reserve slowed last month, another sign that a long surge in consumer prices seems to be easing. Continue reading
Dec 16 Fed plans to keep rates high as US recession still a growing a fear By Paul Wiseman, Stan Choe, Associated Press On Thursday, stock investors were spooked by the growing understanding of how much further the Fed seems willing to go to defeat high inflation. Continue reading
Dec 14 WATCH: Federal Reserve Chair Powell announces small rate hike as inflation cools By Christopher S. Rugaber, Associated Press The Federal Reserve reinforced its inflation fight by raising its key interest rate for the seventh time this year and signaling more hikes to come. Continue reading
Dec 01 Applications for jobless benefits fall, suggests labor market unaffected by interest rate hikes By Matt Ott, Associated Press The number of Americans applying for unemployment benefits came back down last week and continue to hover around levels suggesting the U.S. labor market has been largely unaffected by the Federal Reserve's aggressive interest rate hikes. Continue reading
Nov 23 Average long-term U.S. mortgage rate lowers to 6.58 percent By Alex Veiga, Associated Press The average long-term U.S. mortgage rate edged lower for the second time in as many weeks, though it remains more than double what it was a year ago — a significant hurdle for many would-be homebuyers. Continue reading
Nov 17 Federal Reserve official suggests substantial rate hikes may be needed By Christopher Rugaber, Associated Press The Federal Reserve may have to raise its benchmark interest rate much higher than many people expect to get inflation under control, said James Bullard, who leads the Federal Reserve Bank of St. Louis. Continue reading
Nov 02 Federal Reserve unleashes another big rate hike but hints at a pullback soon By Christopher Rugaber, Associated Press It was the Fed's sixth rate hike this year — a streak that has made mortgages and other loans increasingly expensive and heightened the risk of a recession. Continue reading
Nov 02 WATCH: Federal Reserve Chair Jerome Powell faces questions after interest rate decision By Christopher Rugaber, Associated Press The Federal Reserve pumped up its benchmark interest rate Wednesday by three-quarters of a point for a fourth straight time to fight high inflation but also hinted that it could soon reduce the size of its rate hikes. Continue reading