Tag: Jerome Powell
An inflation gauge that is closely tracked by the Fed falls...
WASHINGTON (AP) – A measure of consumer prices that is closely monitored by the Federal Reserve fell last month to its lowest level since...
U.S. economy accelerated unexpectedly to a 2.4% growth rate in April-June...
WASHINGTON (AP) – The U.S. economy surprisingly accelerated to a 2.4% annual growth rate from April through June, showing continued resilience in the face of steadily...
Federal Reserve raises key rate for 11th time by a quarter-point
WASHINGTON (AP) – The Federal Reserve raised its key interest rate Wednesday for the 11th time in 17 months, a streak of hikes that...
Key question as Federal Reserve meets: Can the central bank pull...
WASHINGTON (AP) – When Chair Jerome Powell and other Federal Reserve officials gather this week for their latest decision on interest rates, they will...
Federal Reserve minutes: Some officials wanted to raise interest rates last...
WASHINGTON (AP) – Some Federal Reserve officials pushed to raise the Fed's key interest rate by one-quarter of a percentage point at their meeting...
An inflation gauge tracked by the Federal Reserve falls to its...
WASHINGTON (AP) – An inflation index that is closely monitored by the Federal Reserve tumbled last month to its lowest level since April 2021,...
Weekly U.S. applications for unemployment aid remain relatively elevated
The number of Americans applying for unemployment benefits remained relatively elevated last week, potentially another signal that Federal Reserve rate hikes are beginning to...
Fed’s Powell: More rate hikes are likely this year to fight...
WASHINGTON (AP) – With inflation in the United States still excessive, most Federal Reserve officials expect to raise interest rates further this year, Chair...
Fed leaves interest rates unchanged for first time in 15 months
WASHINGTON (AP) – The Federal Reserve kept its key interest rate unchanged Wednesday after having raised it 10 straight times to combat high inflation....
U.S. economic future remains unclear following May jobs report
WASHINGTON (AP) – The nation's employers stepped up their hiring in May, adding a robust 339,000 jobs, well above expectations and evidence of enduring strength in...
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