Federal reserve

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.