jerome powell

Fed hikes rates by a quarter percentage point, indicates increases are near an end

WASHINGTON — The Federal Reserve on Wednesday enacted a quarter percentage point interest rate increase, expressing caution about the recent…

Here’s what changed in the new Fed statement

This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting on Feb. 1. The…

The Fed forecasts just one more rate hike this year

The Federal Reserve will hike interest rates just one more time in 2023 before the central bank ends its inflation…

Here’s everything the Federal Reserve is expected to do Wednesday

(Follow our live coverage of the Fed rate decision today.) Update: The Federal Reserve on Wednesday enacted a quarter percentage point interest…

Fed poised to approve quarter-point rate hike this week, despite market turmoil

Even with turmoil in the banking industry and uncertainty ahead, the Federal Reserve likely will approve a quarter-percentage-point interest rate…

One year after the first rate hike, the Fed stands at policy crossroads

The Federal Reserve is one year down its rate-hiking path, and in some ways it’s both closer and further away…

Jobs report shows increase of 517,000 in January, crushing estimates, as unemployment rate hit 53-year low

The employment picture started off 2023 on a stunningly strong note, with nonfarm payrolls posting their biggest gain since July…

Inflation rose 0.5% in January, more than expected and up 6.4% from a year ago

Inflation turned higher to start 2023, as rising shelter, gas and fuel prices took their toll on consumers, the Labor…

Fed’s Powell heads to Capitol Hill this week, and he’s going to have his hands full

Federal Reserve Chairman Jerome Powell is set to appear before Congress with a tall task: Persuade legislators that he’s committed…

Private payrolls rose by 242,000 in February, better than expected, ADP says

Companies added jobs at a brisk pace in February as the U.S. labor market kept humming, payroll services firm ADP…