Tag: central bank
The Fed leaves interest rate unchanged; hike expected in September
WASHINGTON (AP) – The Federal Reserve left its key interest rate unchanged Wednesday despite persistently high inflation and a spike in energy prices caused...
More Federal Reserve officials see possible rate hikes this year, minutes show
WASHINGTON (AP) – The number of Federal Reserve policymakers willing to consider an interest rate hike this year rose between the January and March...
Fed minutes: Most officials supported more rate cuts but not necessarily...
WASHINGTON (AP) – A majority of Federal Reserve policymakers expressed support in late October for further interest rate cuts, though not all committed to...
Key inflation gauge rose last month while Americans cut back on...
WASHINGTON (AP) – A key inflation gauge moved higher in May in the latest sign that prices remain stubbornly elevated while Americans also cut...
Average long-term U.S. mortgage rate holds at 6.35%
The average rate on a 30-year mortgage in the U.S. was flat this week ahead of an expected interest rate cut from the Federal...
Powell: Economy’s solid growth could require additional Fed hikes to fight...
JACKSON HOLE, Wy. (AP) – The continued strength of the U.S. economy could require further interest rate increases, Federal Reserve Chair Jerome Powell said Friday...
U.S. revises down last quarter’s economic growth to 2.6% rate
WASHINGTON (AP) – The U.S. economy maintained its resilience from October through December despite rising interest rates, growing at a 2.6% annual pace, the...
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