Fed's Powell may open the door to another rate hike in Jackson Hole speech
Federal Reserve Chairman Jerome Powell may leave the door open to another interest rate hike during his keynote speech in Jackson Hole, Wyoming, on Friday.
Fed officials see ongoing inflation risks that could require more rate hikes, minutes show
Federal Reserve officials warned of "upside risks" to inflation during their July meeting that could warrant additional interest rate hikes this year.
Americans' inflation expectations drop to lowest level in two years
A New York Federal Reserve survey released Monday shows consumers are bracing for inflation to remain above the central bank's 2% target in the long term.
Wholesale inflation accelerates in July for first time in 13 months
The U.S. Labor Department said Friday that wholesale inflation, as measured by the producer price index, posted the first increase in 13 months in July.
Americans' dwindling ‘excess’ pandemic savings could hurt chances of US economy's soft landing
The Federal Reserve is increasingly optimistic about achieving a "soft landing" and avoiding a deep recession, but Americans' dwindling pandemic savings could dampen consumer spending.
Fed hikes interest rates to 22-year high as inflation fight resumes
The Federal Reserve delivered another interest rate hike on Wednesday, raising rates to the highest level since 2001 as it tries to crush high inflation.
Fed set to raise interest rates to 22-year high after June pause
The Federal Reserve is expected to raise interest rates for the 11th time at the end of its meeting Wednesday as it continues its fight against inflation.
Wholesale inflation prices ease in June, lowest in nearly 3 years
Two back-to-back inflation reports, the producer price index and the consumer price index, show inflation is easing from peak levels giving consumers and businesses a break.
Inflation rose just 3% in June as price pressures continue to cool
The Labor Department said the consumer price index showed that inflation cooled last month, but underlying price pressures remained stubbornly high.
June inflation report likely to show 'war hasn't yet been won'
The Labor Department is releasing the key June consumer price index data this week, shedding light on how quickly inflation is receding from the economy.
Interest costs on US national debt to exceed defense spending by 2028
Total interest on the national debt is poised to become the priciest part of the federal budget, outstripping spending on Medicare and Social Security.
Americans expect high inflation to stick around in latest New York Fed survey
A New York Federal Reserve survey released Monday shows consumers are bracing for inflation to remain above the central bank's 2% target in the long term.
US economy adds 209K jobs in June, lighter than estimates
The June jobs report is one of several key data points officials will debate when they meet at the end of the month to decide whether another rate hike is warranted.
June jobs report likely to point to resilient labor market
The Labor Department's June jobs report is expected to show that the U.S. economy added 225,000 jobs last month despite aggressive interest rate hikes.
Fed officials signal more rate hikes to come, meeting minutes show
The Federal Reserve meeting minutes from June indicate that a majority of the central bank policymakers support additional interest rate hikes this year.
Fed meeting minutes to shed light on future interest rate hike path
The Federal Reserve is releasing the minutes from its June meeting on Wednesday, offering a look at where officials see interest rates headed this year.
Bitcoin faithful embrace $31,000 level, new high
Bitcoin and cryptos got some love this week from a few of the financial world's biggest players, giving digital assets fresh tailwinds even amid a tougher regulatory overhang.
Stocks fall as Fed's Powell confirms more rate hikes this year
U.S. Federal Reserve Chair Jerome Powell testified before a House panel on Wednesday, saying more rate hikes are on the way, after the central bank paused hikes last week.
Powell to face Capitol Hill questions on economy and interest rate plans
Fed chair Jerome Powell heads to Capitol Hill on Wednesday to begin two days of testimony on the economy and plans concerning interest rates.
Fed warns tighter credit conditions could slow US growth
The Federal Reserve warned in its semi-annual monetary report to Congress that tightening credit conditions could weigh on the U.S. economy this year.