Dec 19 Watch 6:35 Markets drop as Fed signals it’s not done raising interest rates yet In a sign of confidence in economic growth, the Federal Reserve raised its benchmark interest rate by a quarter point, to its highest level in a decade. Fed chairman Jerome Powell said politics played "no role whatsoever" in the bank's… Continue watching
Nov 28 Stocks make biggest gain in months as Powell hints at slower interest rate hikes By Marley Jay, Associated Press In a speech to the Economic Club of New York, Powell said that rates are close to "neutral," the level at which they neither hold back growth nor aid it. That relieved investors who feel the nine-year-old bull market could… Continue reading
Nov 21 Home sales break 6-month losing streak, rising 1.4 percent By Paul Wiseman, Associated Press Despite the recent uptick, home sales are still down from a year ago, hurt by rising interest rates. Continue reading
Oct 16 Escalating attack, Trump calls the Federal Reserve his ‘biggest threat’ By Martin Crutsinger, Associated Press President Trump said he doesn't speak with Chairman Jerome Powell because of the Fed's political independence but said, "I'm not happy with what he's doing because it's going too fast" in raising rates at a time when inflation has remained… Continue reading
Oct 10 Trump says Federal Reserve ‘has gone crazy’ after big stock drop By Associated Press President Trump, who has been critical of the central bank's interest rate increases, told reporters that he thinks "the Fed is making a mistake." But he's also calling the drop "a correction we've been waiting for for a long time."… Continue reading
Sep 26 Analysis: The dangers of the Fed rate hike By Paul Solman The conventional wisdom was that the Federal Reserve would again hike short term interest rates today. That wisdom proved correct, as did the prediction that the Fed would say it is committed to further hikes. The conventional explanation is that… Continue reading
Sep 26 Citing strong economy, Fed raises rates for third time this year By Martin Crutsinger, Associated Press Many economists worry, though, that Trump's combative trade policies could slow the economy. Continue reading
Sep 25 3 things to watch with the Federal Reserve poised to raise interest rates By Martin Crutsinger, Associated Press The Federal Reserve is expected to raise interest rates Wednesday, but economists will also be watching for a signal that another hike is likely before the end of the year. Continue reading
Aug 30 U.S. consumer spending up a solid 0.4 percent in July By Martin Crutsinger, Associated Press U.S. consumer spending rose a solid 0.4 percent in July, the sixth straight month of healthy gains. Continue reading
Mar 21 Federal Reserve raises key interest rate, says it expects 2 more hikes this year By Martin Crutsinger, Associated Press These steps show confidence that the economy remains sturdy nearly nine years after the Great Recession ended, officials said. Continue reading