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 05 U.S. jobless claim applications fall to lowest in 14 weeks By Matt Ott, Associated Press The number of Americans applying for jobless benefits fell to the lowest level in more than three months last week, reflecting a still-robust job market despite the Federal Reserve's efforts to cool the economy and bring down decades-high inflation. Continue reading
Dec 14 Watch 5:39 After raising interest rates again, Federal Reserve warns more hikes likely in 2023 By Geoff Bennett, Dorothy Hastings After announcing another half-point interest rate hike, Federal Reserve Chair Jay Powell indicated more hikes are on the way in 2023. This comes as inflation shows signs of slowing gradually, but there are again concerns the Fed is not going… Continue watching
Dec 12 After year of interest rate hikes, Wall Street ticks higher ahead of next Fed meeting By Stan Choe, Associated Press Wall Street is ticking higher at the start of a busy week where central banks are likely to unload the year’s final barrage of hikes to interest rates. 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 30 Watch 7:37 Some economists concerned aggressive interest rate hikes do more harm than good By William Brangham The Federal Reserve has raised interest rates six times this year and Fed Chair Jay Powell suggested that a seventh hike, albeit a smaller one, is on the way next month. But some Democrats and economists worry the Fed hit… Continue watching