The Federal Reserve on Wednesday approved its third consecutive 75-basis-point interest rate hike and signaled additional large increases were on the table as policymakers look to combat rising...
Federal Reserve Says High Interest Rates Likely to Stay
U.S. Federal Reserve Chairman Jerome Powell warned of economic pain on Friday, suggesting rate hikes will continue in the fight against inflation. Powell made no mention of the recent stock market...
Fed: Some Economic Slowdown in July
Federal Reserve officials claimed to see signs of a slowing U.S. economy in July but still considered inflation "unacceptably high." The slowdown prompted economists to wonder whether Federal...
Consumer Prices Eased To 8.5% In July
The Consumer Price Index (CPI) rose 8.5% in July, a sign that inflation remains elevated but has likely begun to level off, the U.S. Bureau of Labor Statistics reported Wednesday, August 10. Key...
Opinion: It’s a Recession| Biden’s Economy Continues to Hammer Families
It’s official—we’re in a recession. And have been all year. The government reported today that there were two consecutive quarters of declining inflation-adjusted economic output to start 2022, a...
Fed Announces Substantial Rate Hike
(The Center Square) – The U.S. Federal Reserve announced another 0.75% rate hike Wednesday in response to inflation, which has soared to its highest level in more than four decades. The announcement...
Fed’s Hawkish Moves Set to Persist as July Meeting Approaches
Policymakers have been raising interest rates aggressively in response to sky-high inflation that has gripped the U.S. economy in 2022. Now, as the Federal Reserve gears up for its July meeting on...
By Tanya Grant | Jul 21, 2022
Consumer Price Index Hits Record High at 9.1%
The consumer price index (CPI) for June came in at 9.1% Wednesday, substantially higher than analyst expectations of 8.8%, indicating that economic hardship will persist for Americans as energy and...
Americans Say it Feels Like a Recession
Data from the latest gross domestic product numbers show that, more or less, we are not looking at whether or not there will be a recession but instead preparing for exactly when and how long the...
Recession Could Come Sooner and Be More Severe
More financial institutions and economists are warning a recession could be on its way. Aichi Amemiya and Robert Dent, economists with Japanese financial group Nomura, wrote in a client note on...
U.S. Home Equity Hits All-Time High
U.S. home equity reached an all-time high last week, with the Federal Reserve noting it amounted to $27.8 trillion after a 20% increase in the first quarter. The housing market has been booming for...
Bond Yields Warn a Coming Recession
U.S. bond yields skyrocketed last week, leaving investors wary and preparing for what is to come. On Friday, June 10, the yield on the 10-year Treasury note hit 3.371%, according to The Wall Street...
Fed Combats Soaring Inflation With Steep Rate Hike
The Federal Reserve implemented a monumental 0.75% interest rate hike over renewed fears that elevated inflation, supply and demand imbalances, higher energy prices, and broader economic pressures...
Fed Considering 0.75% Interest Rate Hike
Following last week's brutal Consumer Price Index report, the Federal Reserve may consider moving more aggressively against inflation by raising interest rates by 0.75% this week. Fed Chair Jerome...
President Biden Wants to Slow Job Creation
JPMorgan Chase CEO Jamie Dimon stated that an economic hurricane is inevitable in the U.S. With companies downgrading their earnings forecasts and the country being in the middle of inflation and...
Fed Likely to Embrace Summer Rate Hikes
The recently released minutes of the Federal Reserve's May 3-4 policy meeting revealed unanimous support for a 0.5% interest rate increase to counter inflation. Participants at the meeting held that...
Americans Feeling the Pinch from Higher Interest Rates
Monetary policymakers have higher interest rates on their minds. The Federal Reserve has already implemented one interest rate hike this year, an increase of 25 basis points (bps) -- the equivalent...
By Tanya Grant | Apr 14, 2022
Looming Recession Has Federal Reserve Against Wall
The American economy shows strong signs that a recession is on the horizon. Research done by Phoenix Capital suggests the recession could hit in as little as six months. The bond market is sparking...
Wage Increase Slows, Federal Reserve Remains Alert
The labor force has seen an immense increase in wages over the past year. According to The Wall Street Journal, March continued to see a modest 0.4% increase, but on a lesser scale than the previous...
U.S. Economy Could Be in Danger of Stagflation
A "perfect storm" -- persistently sky-high inflation and potentially stalled economic growth -- is reportedly brewing in the American economy, the likes of which have not been seen since the 1970s....
Texas Federal Reserve Chairman Resigns After Accusations
The Federal Reserve Bank of Dallas released a statement on Monday, September 27, stating that President and CEO Rob Kaplan will retire from his position on October 8. In recent weeks, Kaplan has...
