Economy Sep 16 Interest rate hike a 'reassuring' sign Fed is acting independently, economist says By Geoff Bennett, Courtney Norris
Economy Sep 16 U.S. stocks slip after the Fed raises interest rates, hints more hikes may be on the way U.S. stocks slipped Wednesday after the Federal Reserve hiked its main interest rate for the first time in three years and suggested more may be ahead as it tries to get the nation’s high inflation under control. By Stan Choe, Associated Press
Economy Sep 16 What the Fed rate hike likely means for you Bad news for borrowers, good news for savers. By Paul Wiseman, Associated Press
Economy Sep 16 Retail sales rise better-than-expected 1.2% in August The strong spending report comes as the Federal Reserve is widely expected to lift its short-term interest rate Wednesday for the first time in three years to fight stubbornly high inflation. By Anne D'Innocenzio, Associated Press
Economy Sep 15 WATCH: Warsh says 'inflation is too high' after Fed raises interest rate 1st time in 3 years The quarter-point increase lifts the Fed’s key rate to about 3.9% and, over time, could result in higher borrowing costs for mortgages, auto loans, and credit cards. By Christopher Rugaber, Associated Press
Sep 11 U.S. inflation accelerated last month as gas prices spiked, squeezing Americans' finances U.S. inflation accelerated last month as gas prices spiked in the wake of renewed fighting in the Middle East, underscoring the affordability challenges that are top of mind for many voters with midterm elections now just seven weeks away. Continue reading
Aug 31 WATCH: Trump says Fed Chair Warsh will 'do what he has to do' on possible rate hikes By Associated Press Trump suggested he’s not necessarily opposed to Federal Reserve Chair Kevin Warsh raising interest rates because of inflationary pressures, but he said that he thinks interest rates are “too high.”… Continue reading
Aug 29 Warsh raises stakes for Fed's next meeting, and other takeaways from Jackson Hole conference By Christopher Rugaber, Associated Press Warsh's high-profile speech at the Fed's annual Jackson Hole economic conference was mostly praised afterward by economists and other Fed policymakers in attendance. Still, there was also some pushback and criticism during the first day of the conference. Continue reading
Aug 28 Watch 6:11 Fed Chair Warsh not ruling out interest rate hike amid inflation concerns By Amna Nawaz, Karina Cuevas, Amalia Huot-Marchand Federal Reserve Chair Kevin Warsh said there is still work to do on inflation. At the Fed’s annual economic symposium in Jackson Hole, Wyoming, Warsh also said that although he is not committed to a rate hike, he is not… Continue watching
Aug 28 WATCH: Fed Chair Warsh signals stubborn inflation may require rate hikes in Jackson Hole speech By Christopher Rugaber, Associated Press Federal Reserve Chair Kevin Warsh said Friday that inflation is still too high and suggested the central bank may have to raise interest rates in the coming months to bring it down, a clearer signal than he had sent previously… Continue reading