Powell expects more Fed rate hikes ahead as inflation fight ‘has a long way to go’
Federal Reserve Chairman Jerome Powell on Wednesday affirmed that more interest rate increases are likely ahead until additional progress is…
Fed holds off on rate hike, but says two more are coming later this year
WASHINGTON — The Federal Reserve on Wednesday decided against what would have been an 11th consecutive interest rate increase as…
Inflation report Tuesday will be critical for the direction of Fed policy
Inflation data from May will show that the price increases that have been bedeviling consumers for the past two years…
Inflation outlook hits two-year low in latest New York Fed survey
Consumers are growing more optimistic that inflation is on the way down, according to a New York Federal Reserve survey…
Consumer debt passes $17 trillion for the first time despite slide in mortgage demand
Total consumer debt hit a fresh new high in the first quarter of 2023, pushing past $17 trillion even amid…
Former Fed Chair Ben Bernanke says there’s more work ahead to control inflation
WASHINGTON — Former Federal Reserve Chair Ben Bernanke, who guided the central bank and the U.S. economy through the Great…
Inflation rose 0.4% in April and 4.7% from a year ago, according to key gauge for the Fed
Inflation stayed stubbornly high in April, potentially reinforcing the chances that interest rates could stay higher for longer, according to…
Traders raise the chances for a Fed rate cut following April inflation report
Even with inflation running well above the Federal Reserve’s goal, markets became more convinced Wednesday that the central bank will…
