interest rates

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.

Stocks rally on Wall Street following inflation report, bank failures

By Stan Choe, Associated Press

The S&P 500 was 1.5 percent higher in early trading after a report showed inflation is still high but heading lower. Stocks of smaller and mid-sized banks recovered some of their prior plunges caused by worries that customers could yank…

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.

Jobless claims fall for 3rd straight week, raises specter of more interest rate hikes

By Matt Ott, Associated Press

The number of people applying for unemployment benefits in the U.S. fell for third straight week.

Powell predicts ‘significant’ inflation drop but job market strength means more rate hikes

By Christopher Rugaber, Associated Press

Federal Reserve Chair Jerome Powell said Tuesday that last week's blockbuster U.S. jobs report showed it would likely take time to curb high inflation but that he expects a "significant decline" in inflation this year.

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.

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…

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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.

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.