Published: Jul 28, 2022
US stocks rallied on Wednesday led by Nasdaq after the Federal Reserve raised its benchmark overnight interest rate by three-quarters of a percentage point and comments by Federal Reserve Chairman Jerome Powell reassured investors.
Published: Jun 16, 2022
The Federal Reserve raised its target interest rate by three-quarters of a percentage point on Wednesday to stem a disruptive surge in inflation and projected a slowing economy and rising unemployment in the months to come.
Published: May 05, 2022
The Federal Reserve on Wednesday (May 4) raised its overnight interest rate by half a percentage point, the biggest jump in 22 years, and the U.S. central bank's chief made an appeal to Americans to hang tough while officials take the hard measures to bring it under control.
Published: Apr 06, 2022
Despite downside risks posed by geopolitical events including the Russia-Ukraine conflict, the U.S. economy entered this period of uncertainty "with considerable momentum in demand and a strong labor market," U.S. Federal Reserve Governor Lael Brainard noted.
Published: Jan 27, 2022
"I would say the committee is of a mind to raise the federal funds rate at the March meeting assuming that conditions are appropriate for doing so," Fed Chair Jerome Powell said, adding inflation risks are "still to the upside" in the views of most Fed officials.
Published: Dec 16, 2021
The Federal Reserve made its strongest move yet signaling a pivot toward tackling inflation on Wednesday, moving up the timeline for what policymakers project could be three interest rate hikes next year.
Published: Dec 07, 2021
Jerome Powells pivot toward a quicker withdrawal of stimulus paves the way for a more agile Federal Reserve in 2022, one thats willing to raise interest rates faster than expected if inflation lingers or hold back if the pandemic worsens.
Published: Dec 02, 2021
Federal Reserve Chair Jerome Powell reinforced his message that the U.S. central bank would keep inflation in check and said for the second time in two days that officials should consider speeding up how quickly they withdraw policy support.
Published: Nov 04, 2021
The Federal Reserve will start easing its vast support for financial markets this month, marking a highly anticipated policy change as central bank leaders grapple with major price increases in some parts of the economy but plenty of room to grow in the labor market.