Feb 01 Here’s what the Federal Reserve interest rate hike means for you By Cora Lewis, Associated Press The Federal Reserve raised its key rate by a quarter point Wednesday, bringing it to the highest level in 15 years as part of an ongoing effort to ease inflation by making borrowing more expensive. Continue reading
Feb 01 Watch 5:48 News Wrap: Fed raises interest rates by quarter point, says more hikes likely In our news wrap Wednesday, the Federal Reserve raised interest rates by just a quarter point and said more hikes are likely, a winter storm disrupted life across the southern U.S. for a third day, the FBI searched President Biden's… Continue watching
Feb 01 Interest rate boosted again by quarter-point as Fed signals more hikes to combat inflation By Christopher Rugaber, Associated Press The central bank’s latest move put its benchmark short-term rate in a range of 4.5 percent to 4.75 percent, its highest level in about 15 years. Continue reading
Feb 01 WATCH: Federal Reserve Chair Jerome Powell gives update after small rate hike By Chris Rugaber, Associated Press The Federal Reserve extended its fight against high inflation Wednesday by raising its key interest rate a quarter-point, its eighth hike since March. Continue reading
Feb 01 WATCH: White House speaks on police reform, Biden’s meeting with McCarthy By Associated Press The White House is facing fresh pressure to advance the issue of police reform as Vice President Kamala Harris was called to the pulpit at the funeral for Tyre Nichols. Continue reading
Jan 27 U.S. inflation and consumer spending eases in December By Christopher Rugaber, Associated Press The Federal Reserve's preferred inflation gauge eased further in December, and consumer spending fell — the latest evidence that the Fed's series of interest rate hikes are slowing the economy. Continue reading
Jan 12 Inflation eases across U.S., may need less action from Fed to control it By Christopher Rugaber, Associated Press Rising U.S. consumer prices moderated again last month, bolstering hopes that inflation's grip on the economy will continue to ease this year and possibly require less drastic action by the Federal Reserve to control it. Continue reading
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