Fed expected to aggressively hike rates to 5%, triggering global recession: survey
The Federal Reserve is unlikely to back away from its inflation fight soon, according to a new survey of Bloomberg economists, who see rates climbing above 5% by 2023.
Inflation gauge closely watched by the Fed surges again in September
Inflationary pressures in the economy remain strong, a worrisome sign for the Federal Reserve as it tries to crush runaway prices without triggering a recession.
Larry Summers warns history indicates inflation will be slow to fall
Inflation may take some time to normalize, according to former Treasury Secretary Larry Summers, who pointed to the history of developed nations since the 1970s.
Crushing inflation could push unemployment to 6%, Wall Street bank warns
Deutsche Bank strategists warned this week that more than 4 million Americans could lose their jobs as a result of the Federal Reserve's war on inflation.
JPMorgan president warns recession may be the price to pay to crush inflation
The Federal Reserve may have no choice but to trigger a recession in order to get inflation under control, according to JPMorgan President Daniel Pinto.
US already in recession, or will likely be next year, most NABE economists say
A new survey shows that a majority of economists either think the U.S. economy has entered a recession, or will next year as the Federal Reserve raises rates.
Elon Musk accuses Fed of 'looking in the rearview mirror' with rate hikes
Tesla CEO Elon Musk said Wednesday the Fed is "looking in the rearview mirror" with its interest rate hikes as the economy is in the midst of "deflation."
Fed barrels toward another 75 basis point rate hike as high inflation persists
As elevated inflation persists, Federal Reserve officials are likely to approve another 75 basis point interest rate hike as they try to cool the U.S. economy.
Atlanta Federal Reserve’s Bostic reveals inaccuracies in financial disclosures
Atlanta Fed President Raphael Bostic is the latest policymaker to get tripped up over personal investments.
Inflation surged more than expected in September as prices remain stubbornly high
The Labor Department released the latest inflation data set on Thursday, revealing just how hot consumer prices ran in September as the Fed tries to cool the economy.
September inflation report likely to show core prices surged to fresh 40-year high
The Labor Department is releasing the September inflation report on Thursday, which is expected to show that consumer prices continued to run near a 40-year high.
Larry Kudlow: '$31 trillion of debt has gone too far'
Larry Kudlow weighs in on Bernanke's record comparing him to Federal Reserve chairman Powell and highlighted Bernanke and Powell's monetary practice on 'Kudlow.'
Americans' inflation expectations dropped again in September, New York Fed says
The New York Federal Reserve released a closely watched survey on Tuesday revealing that Americans' inflation expectations dropped in the short-term again.
Fed's Brainard warns higher interest rates will further slow US economy
Interest rates will need to remain elevated for "some time," according to Federal Reserve Vice Chair Lael Brainard, as the central bank tries to tame inflation.
Over-aggressive Fed risks triggering deeper recession, NABE survey shows
A new NABE survey released on Monday shows that panelists think the U.S. economic outlook is increasingly skewed to the downside as the Fed hikes interest rates.
September jobs report could solidify another super-sized Fed rate hike
The September jobs report is unlikely to deter the Federal Reserve from approving a fourth straight 75-basis-point interest rate hike when officials meet next month.
US job growth slows again in September with just 263,000 positions added
The Labor Department's September jobs report provided a key snapshot of the labor market's health amid growing fears that the U.S. is headed for a recession.
September jobs report likely to show hiring cooled but remained healthy
The Labor Department will release the September jobs report on Friday morning, which is expected to show that hiring slowed but remained healthy last month.
Housing market in the United States headed for major slowdown
Wall Street firms predict a sharp decline in U.S. home prices in coming months as the Federal Reserve raises interest rates at the fastest pace in decades.
Fed governor warns inflation fight could take 'some time'
Federal Reserve Governor Philip Jefferson said on Tuesday that central bank policymakers are "resolute" in wrestling inflation back under 2% with higher rates.