Jan 30 Federal Reserve prepares for smaller hike, but may hint of fewer increases By Christopher Rugaber, Associated Press The Federal Reserve is poised this week to raise its benchmark interest rate for an eighth time since March. But the Fed will likely announce a smaller hike for a second straight time, and it could change some key wording… Continue reading
Jan 12 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. Continue reading
Jan 04 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. Continue reading
Dec 14 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. Continue reading
Nov 02 Federal Reserve unleashes another big rate hike but hints at a pullback soon By Christopher Rugaber, Associated Press It was the Fed's sixth rate hike this year — a streak that has made mortgages and other loans increasingly expensive and heightened the risk of a recession. Continue reading
Nov 02 WATCH: Federal Reserve Chair Jerome Powell faces questions after interest rate decision By Christopher Rugaber, Associated Press 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. Continue reading
Oct 07 Solid U.S. hiring in September could mean more big Fed hikes By Paul Wiseman, Associated Press 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… Continue reading
Oct 04 U.S. job openings fell in August, potentially calming inflation By Christopher Rugaber, Associated Press 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. Continue reading
Sep 22 Federal Reserve Chair Jerome Powell says inflation fight may cause a recession By Christopher Rugaber, Associated Press 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. Continue reading
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