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
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