US inflation eases but stays high, putting Fed in tough spot
Even though prices are rising much faster than the Fed wants, some economists expect the central bank to suspend its year-long streak of interest rate hikes when it meets next week
Why another high inflation report may not cause Fed to hike
With bank share prices cratering Monday and fears of further financial instability roiling markets, most economists now expect the Fed to pause its rate hikes next week
The specter of another financial crisis is haunting the world
US authorities have asserted that deposits are guaranteed while investors keep dumping shares and central banks rethink their monetary policy following the collapse of Silicon Valley Bank and Signature Bank
The US labor market remains rock-solid: Five key takeaways from the February jobs report
The latest evidence that businesses’ demand for workers is still robust complicates things for the inflation fighters at the Federal Reserve
Banks feel sting of Fed fight against inflation
AP|
SVB Financial Group lost 60% of its value after announcing plans to raise up to $1.75 billion in order to strengthen its capital position amid concerns about higher interest rates
United States adds a robust 311,000 jobs despite Fed’s rate hikes
The unemployment rate rose to 3.6% from a 53-year low of 3.4%, as more Americans began searching for work and not all of them found jobs
Wall Street steadies itself after painful drop on rate fears
Stocks are coming off a sharp drop the prior day after the head of the Federal Reserve warned it could speed up its hikes to interest rates if pressure on inflation stays high
Wall Street tumbles on fears about faster rate hikes
Wall Street had already been convincing itself that higher rates than earlier thought were on the way and that the Fed may even possibly go back to larger rate increases following last month’s data reports
Fed Chair Powell says interest rates are ‘likely to be higher’ than previously anticipated
AP|
Powell’s comments raise the possibility that the Fed will increase its key interest rate by a half-percentage point at its next meeting March 21-22
The US economy is sending mixed signals: Here’s what it all means
For a few weeks in late January and early February, the economy seemed to have reached a rare sweet spot. Then something went wrong
Powell to face Senate grilling on Fed rates and inflation
Powell’s first appearance before Congress in nine months coincides with recent signs that the economy remains resilient and inflation still stubbornly high
US revises down last quarter’s economic growth to 2.7% rate
Inflation, measured year over year, has cooled since it reached 9.1% in June, having slowed to 6.4% in January
Retail sales jump as Americans defy inflation and rate hikes
Several factors likely helped propel last month’s spending
Biden names Fed vice chair Brainard to head Economic Council
The president also nominates longtime adviser Jared Bernstein to be chair of the White House Council of Economic Advisers
Fed’s Powell: Strong hiring could force further rate hikes
His remarks followed the government’s blockbuster report last week that employers added 517,000 jobs in January, nearly double December’s gain
Fed, set to impose smaller hike, may hint of fewer increases
The Federal Reserve is poised this week to raise its benchmark interest rate for an eighth time since March
US inflation eases to 6.5% in December, the lowest in over a year
The Federal Reserve’s interest rate hikes have had the desired effect, with some help from declining energy prices
The Wall Street paradox: Why investors want a weaker job market
The main US indexes declined after positive unemployment figures were announced on Friday. Is the sector just inherently evil?
Federal Reserve expected to raise rates to highest level since 2008
Chairman Jerome Powell could apply a 0.75 percentage point hike in a bid to cool inflation, while some observers say the increase will be as high as one entire point