Economy Nov 02 Federal Reserve unleashes another big rate hike but hints at a pullback soon By Christopher Rugaber, Associated Press
Economy Nov 02 WATCH: Federal Reserve Chair Jerome Powell faces questions after interest rate decision The Federal Reserve pumped up its benchmark interest rate Wednesday by three-quarters of a point for a fourth straight time to fight high inflation but also hinted that it could soon reduce the size of its rate hikes. By Christopher Rugaber, Associated Press
Economy Oct 07 Solid U.S. hiring in September could mean more big Fed hikes America's employers slowed their hiring in September but still added 263,000 jobs, a solid figure that will likely keep the Federal Reserve on pace to keep raising interest rates aggressively to fight persistently high inflation. Hiring fell from 315,000 in… By Paul Wiseman, Associated Press
Economy Oct 04 U.S. job openings fell in August, potentially calming inflation The number of available jobs in the U.S. plummeted in August compared with July, a sign that businesses may pull back further on hiring and potentially cool chronically high inflation. By Christopher Rugaber, Associated Press
Economy Sep 22 Federal Reserve Chair Jerome Powell says inflation fight may cause a recession The Federal Reserve delivered its bluntest reckoning Wednesday of what it will take to finally tame painfully high inflation: Slower growth, higher unemployment and potentially a recession. By Christopher Rugaber, Associated Press
Sep 21 WATCH: Fed raises key interest rate by three-quarters of a point By Christopher Rugaber, Associated Press The Fed’s move boosted its benchmark short-term rate, which affects many consumer and business loans, to a range of 3 percent to 3.25 percent, the highest level since early 2008. Continue reading
Sep 19 Interest rates likely to increase as Fed signals more hikes ahead By Christopher Rugaber, Associated Press Federal Reserve Chair Jerome Powell bluntly warned in a speech last month that the Fed's drive to curb inflation by aggressively raising interest rates would "bring some pain."… Continue reading
Aug 26 Watch 6:46 Why the Fed plans to keep aggressively fighting inflation even if it leads to job loss By William Brangham Federal Reserve Chair Jerome Powell delivered a stark message Friday on inflation, warning that more interest rate hikes are coming and they're going to take a toll. Those statements came during the Fed's annual economic symposium in Jackson Hole, Wyoming. Continue watching
Aug 26 Dow Jones drop 3 percent after Fed Chair Powell warns interest rates to stay high By Stan Choe, Damian J. Troise, Alex Veiga, Associated Press Stocks closed sharply lower after the head of the Federal Reserve dashed Wall Street's hopes that it may soon ease up on high interest rates in its effort to tame inflation. Continue reading
Aug 26 WATCH: White House press secretary Karine Jean-Pierre defends student debt forgiveness plan By Associated Press The White House defended the new plan announced by President Joe Biden that would give many Americans up to $10,000 in federal student loan debt forgiveness. Continue reading