GDP grew at a 2.4% pace in the second quarter, topping expectations despite recession calls
The U.S. economy showed few signs of recession in the second quarter, as gross domestic product grew at a faster-than-expected…
CME Group CEO Terry Duffy: Manage your risk because everyone I’ve talked to got Fed ‘dead wrong’
It’s vital for investors to manage risk right now no matter where interest rates go, according to CME Group CEO…
Fed approves hike that takes interest rates to highest level in more than 22 years
WASHINGTON – The Federal Reserve on Wednesday approved a much-anticipated interest rate hike that takes benchmark borrowing costs to their…
15 years of low interest rates reshaped the U.S. economy. Here’s what’s changing as rates stay higher for longer
The United States is entering a new economic era as the Federal Reserve has been hiking its benchmark interest rate.…
Here’s what to expect from the Federal Reserve meeting Wednesday
Despite an improving inflation picture, the Federal Reserve is expected on Wednesday to approve what would be the 11th interest…
Federal Reserve officially launches new FedNow instant-payments service
The Federal Reserve launched its FedNow instant-payments service Thursday, following several years of developing a system officials say will allow…
The war against inflation is a long way away from being won
Don’t break out the party hats just yet: Despite recent signs that inflation is cooling, the fight to bring down…
Watch Fed Chair Jerome Powell speak live at a policy forum in Portugal
[The stream is slated to start at 9:30 a.m. ET. Please refresh the page if you do not see a…
Powell says more ‘restriction’ is coming, including possibility of hikes at consecutive meetings
Federal Reserve Chairman Jerome Powell talked tough on inflation Wednesday, saying at a forum that he expects multiple interest rate…
Corporate bankruptcies and defaults are surging – here’s why
The Federal Reserve plans to keep hiking interest rates to stem inflation, which means an increase in corporate default rates…
