(WASHINGTON) -- Economists expect another jumbo-sized increase in borrowing costs when the Federal Reserve announces its interest rate decision on Wednesday. Mounting evidence suggests that previous rate hikes have slowed key areas of the economy but inflation remains highly elevated. The move would mark the... Read More.
(WASHINGTON) -- Consumers on Main Street and investors on Wall Street will closely watch the release of inflation data on Thursday. The latest data arrives weeks after the Federal Reserve escalated its fight against inflation with a third consecutive rate increase. The median forecast in... Read More.
(NEW YORK) -- The Nobel Prize in economics was awarded to Ben Bernanke, Douglas Diamond and Philip Dybvig on Monday for their research on banks and financial crises. Bernanke, of The Brookings Institute, served as chair of the Federal Reserve from 2006 to 2014, where... Read More.
(WASHINGTON) -- The Federal Reserve escalated its fight against inflation this week, instituting a major rate increase and saying more will likely follow. The moves will cause a jump in the number of unemployed Americans by the end of next year, the central bank... Read More.
(WASHINGTON) -- The Federal Reserve instituted a dramatic interest rate hike on Wednesday, the latest in a series of borrowing cost increases, as the central bank tries to dial back near-historic inflation while avoiding an economic downturn. The Fed raised the benchmark interest rate by... Read More.
(NEW YORK) -- Wall Street will watch closely on Wednesday as the Federal Reserve is expected to escalate its fight against inflation with a dramatic interest rate hike. The move would come a little more than a week after a higher-than-expected inflation report revealed that... Read More.
(WASHINGTON) -- A hotter-than-expected inflation report last week dispelled hopes of relief for strained households and rekindled questions about U.S. policy for fighting sky-high prices. The Federal Reserve has instituted a series of aggressive interest rate hikes in recent months as it tries to slash... Read More.
(WASHINGTON) -- The Federal Reserve significantly raised its benchmark interest rate on Wednesday, the latest in a series of hikes meant to tackle sky-high price increases last seen more than four decades ago. But rate hikes at the Fed risk widespread financial pain. An increase... Read More.
(WASHINGTON) -- The Senate on Tuesday confirmed Lisa Cook to be the first Black woman to serve on the Federal Reserve's Board of Governors. The vote was 51-50, with Vice President Kamala Harris breaking the tie. The confirmation comes as inflation rates continue to soar. "As President... Read More.
(WASHINGTON) -- President Joe Biden on Wednesday said that the federal government will pay down the national debt this quarter for the first time in six years. His remarks on economic growth came ahead of the Federal Reserve announcing a hike in interest rates Wednesday... Read More.