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World
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International
1/10/2023 5:31:26 PM
The US Federal Reserve has only a limited role to play in combating climate change, Chair Jerome Powell said Tuesday, a stance that puts him at odds with environmental activists who have pushed central banks worldwide to take steps to restrict lending to energy companies.
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Business
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Economy
12/15/2022 5:04:27 PM
The European Central Bank slowed its record pace of interest rate hikes only slightly Thursday, joining the U.S. Federal Reserve and other central banks around the world in reinforcing an inflation crackdown while glimpsing headway against the high prices that are plaguing consumers.
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Business
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Economy
12/11/2022 10:36:38 AM
The US Federal Reserve is poised to slow its interest rate hikes next week, economists say, as central bankers' most forceful moves in decades to fight inflation ripple through the economy.
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Business
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Economy
12/2/2022 5:17:41 PM
Stock markets fell on Friday after strong US jobs data raised concerns that the US Federal Reserve may continue to aggressively hike interest rates to tame inflation.
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Business
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Economy
11/24/2022 10:48:48 AM
A majority of US Federal Reserve policymakers found that a slower pace of interest rate hikes would "likely soon be appropriate," the central bank said Wednesday.
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Business
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Economy
11/1/2022 6:34:03 PM
US central bankers started their two-day policy meeting Tuesday with persistently high inflation backing expectations of another rate hike, a fourth straight steep increase as price pressures fail to ease quickly enough.
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World
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International
9/22/2022 3:35:48 PM
Britain's central bank has raised its key interest rate by another half-percentage point, avoiding more aggressive steps to tame inflation that the U.S. Federal Reserve and other banks have taken.
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Business
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Economy
9/21/2022 8:39:43 PM
Intensifying its fight against chronically high inflation, the Federal Reserve raised its key interest rate Wednesday by a substantial three-quarters of a point for a third straight time, an aggressive pace that is heightening the risk of an eventual recession.
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Business
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Economy
9/21/2022 5:09:51 PM
The Federal Reserve is expected to produce another big increase in interest rates in the second day of deliberations to tamp down the highest inflation in 40 years, while President Joe Biden announced Wednesday another $2.9 billion for a fund to help resolve global food insecurity.
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Business
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Economy
9/19/2022 11:24:48 AM
Markets fell Monday as traders extended last week's rout across risk assets, with expectations high that the Federal Reserve will this week announce another outsized interest rate hike.
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Business
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Economy
9/18/2022 9:53:50 AM
The Federal Reserve is poised to unleash another massive interest rate increase this week after the latest data showed a worrying US inflation picture, which confirmed the need for the central bank to continue to act aggressively.
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Business
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Economy
9/8/2022 5:40:59 PM
The European Central Bank made its largest-ever interest rate increase Thursday, following the U.S. Federal Reserve and other central banks in a global stampede of rapid rate hikes meant to snuff out the inflation that is squeezing consumers and pushing Europe toward recession.
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World
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International
9/2/2022 3:31:15 PM
Wall Street shifted between small gains and losses Friday ahead of U.S. jobs data that might reinforce U.S. Federal Reserve plans for more interest rate hikes meant to cool inflation.
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World
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International
8/23/2022 12:08:07 PM
Global shares were mixed Tuesday amid speculation about another interest rate raise by the US Federal Reserve.
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Business
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Economy
7/27/2022 8:43:00 PM
The Federal Reserve on Wednesday raised its benchmark interest rate by a hefty three-quarters of a point for a second straight time in its most aggressive drive in three decades to tame high inflation.
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Business
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Markets & Companies
7/27/2022 2:04:44 PM
Stock markets traded mixed and the dollar retreated Wednesday as attention switched to the Federal Reserve and the size of its upcoming interest rate hike.
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World
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International
7/21/2022 3:12:47 PM
The European Central Bank raised interest rates Thursday for the first time in 11 years, joining steps already taken by the U.S. Federal Reserve and other major central banks but raising new questions about whether the rush to make credit more expensive will plunge major economies into recession at the price of fighting inflation.
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World
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International
7/13/2022 4:59:07 PM
Wall Street stocks opened sharply lower Wednesday after fresh consumer price data exacerbated recession fears, as the Federal Reserve aggressively hikes interest rates.
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Business
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Markets & Companies
6/23/2022 11:48:40 AM
Asian markets mostly rose Thursday on bargain buying after the previous day's battering, though oil extended losses after US Federal Reserve boss Jerome Powell admitted the economy could tip into recession as the bank hikes interest rates to fight runaway inflation.
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Business
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Economy
6/15/2022 8:26:48 PM
The Federal Reserve announced the most aggressive interest rate increase in nearly 30 years, raising the benchmark borrowing rate by 0.75 percentage points on Wednesday as it battles against surging inflation.
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