Fed's Bostic says he is ready to 'move away' from large rate increases
The Fed's target policy rate need rise no more than another percentage point to tackle inflation, he said.
Dollar steadies as Fed cautions on inflation
The U.S. dollar held firm on Monday following last week's bruising dive as Federal Reserve Governor Christopher Waller said that the central bank was not softening its fight against inflation.
Futures signal more losses on Fed's rate hike view
U.S. stock index futures slipped on Thursday, signaling a fresh round of selloff spurred by worries that the Federal Reserve's rate-hike cycle is far from over as the central bank hinted at smaller rate hikes.
What's Next for Inflation Following the Latest Fed Rate Hike?
Higher rates and rising prices are hitting American workers with fixed wages the hardest.
Fed delivers fourth 75 bp hike, signals scale-back coming
The Federal Reserve on Wednesday raised interest rates by three-quarters of a percentage point as it continued to battle the worst outbreak of inflation in 40 years, but signaled future increases in borrowing costs could be made in smaller steps to accoun
The Fed delivers another jumbo rate rise, and it’s far from done
There is a good chance it will keep them high for longer than investors expect
ECB must keep raising rates even if recession risks rise, Lagarde says
The European Central Bank must keep raising interest rates to fight off inflation, even if the probability of a euro zone recession has increased, ECB President Christine Lagarde said in an interview published on Tuesday.
Sterling softens after UK PM Truss speech
Britain's pound weakened against the dollar on Wednesday, ending a six-day rally, but staying well off recent lows as British Prime Minister Liz Truss spoke at the Conservative party conference on Wednesday.
Top US regulators say crypto poses financial stability risks
WASHINGTON (AP) — Top regulators on Monday recommended a series of new safeguards to ensure that a growing and unregulated cryptocurrency market doesn’t imperil U.S. financial stability. Among seven major recommendations, regulators called on Congress
Opinion | The All Too Real Risk of a Global Recession
We now find ourselves in the midst of the most comprehensive tightening of monetary policy the world has seen.
Economy: How do we know when a recession has begun?
New report underscoring fears of broad-based slowdown that could lead to a recession
Fed's Powell urges broader regulation for stablecoins
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Tuesday that stablecoins will need greater regulation as they become more widely used by consumers.
Powell's stark message: Inflation fight may cause recession
WASHINGTON (AP) — 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.
Interest rate raised by half a point to 2.25%, the highest level since 2008
The interest rate has been raised to 2.25% - the highest level since the 2008 financial crisis.
Fed Raises Rates by 75 Basis Points. What Another Rate Hike Means for You
This is the fifth rate hike of the year -- and the third increase of this magnitude.
US interest rates hit 14-year high in inflation battle
The US unveils another sharp rate rise as it fights to bring soaring prices under control.
The Fed Intensifies Its Battle Against Inflation
Federal Reserve officials made another large rate increase and signaled more to come, pledging to quash inflation despite expected pain.
Fed likely to hike by 100 bps in September -Nomura
The Federal Open Market Committee, the Federal Reserve's policy-setting committee, is likely to raise its short-term interest rate target by a full percentage point at its policy meeting next week, because of the emergence of upside inflation risks, Nomur
Powell: Higher rates unlikely to cause deep US recession
WASHINGTON (AP) — The last time the Federal Reserve faced inflation as high as it is now, in the early 1980s, it jacked up interest rates to double-digit levels — and in the process caused a deep r…
Tech stocks drive gains in futures
U.S. stock index futures rose broadly on Friday, led by gains in tech and high-growth stocks, with investors awaiting key inflation data next week for clues on the pace of interest rate hikes by the Federal Reserve.
Fewer Americans apply for jobless aid last week
WASHINGTON (AP) — Fewer Americans filed for unemployment benefits last week as the labor market continues to motor along despite decades high inflation. Applications for jobless aid for the week ending Sept.
Fed is hoping August hiring report will show slowdown
Raging inflation has so scrambled the economy that it’s come to this: If Friday’s jobs report for August were to show a significant hiring slowdown, the Federal Reserve — and even the White House — would likely welcome it
Fed officials see U.S. interest rates rising further
U.S. Federal Reserve officials on Tuesday reiterated their support for further interest-rate hikes to quell inflation, with the influential chief of the New York Fed saying the central bank will likely need to get its policy rate "somewhat above" 3.5% and
US shares fall on threat of interest rate rises
Federal Reserve chairman Jerome Powell warned of further interest rate rises to calm inflation.
Stocks jilted as central banks promise tough love
Asian shares slid on Monday as the mounting risk of more aggressive rate hikes in the United States and Europe shoved bond yields higher and tested equity and earnings valuations.