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Business
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Economy
7/26/2023 9:17:41 PM
The US Federal Reserve raised its benchmark lending rate on Wednesday to its highest level since 2001 to tackle above-target inflation, and signaled the possibility of further increases ahead.
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Business
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Economy
7/26/2023 1:34:22 PM
The US Federal Reserve is poised to announce a fresh quarter percentage-point hike to its benchmark lending rate on Wednesday to tackle inflation, while keeping the option open for more such moves in the coming months.
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Business
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Economy
7/23/2023 10:58:17 AM
After pausing in June, the US Federal Reserve is widely expected to hike interest rates again on Wednesday, adopting its most restrictive monetary stance for 22 years despite recent signs of slowing inflation.
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Business
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Economy
7/14/2023 1:01:01 PM
Asian traders on Friday welcomed more data showing falling US inflation, giving the Federal Reserve room to bring the curtain down on more than a year of interest rate hikes.
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Business
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Economy
7/13/2023 10:49:35 AM
US consumer inflation cooled in June to its lowest rate since early 2021, according to government data released Wednesday -- an encouraging sign for policymakers battling cost-of-living pressures.
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Business
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Economy
7/10/2023 9:48:17 PM
A senior Federal Reserve official has proposed raising capital requirements for large and mid-sized US banks as part of a "comprehensive" series of measures to tighten banking regulation and supervision.
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Business
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Economy
7/7/2023 2:24:59 PM
Asian shares slipped Friday after another decline on Wall Street, where hopes for an end to interest rate hikes were again shaken by strong jobs data.
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Business
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Economy
6/27/2023 5:11:10 PM
European Central Bank President Christine Lagarde warned Tuesday that inflation is holding its grip on the economy and underlined that the bank intends to raise rates high enough to “break this persistence."
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Business
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Economy
6/22/2023 5:32:25 PM
A senior US Federal Reserve official said Thursday that additional interest rate hikes are needed to tackle historically high inflation.
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Business
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Markets & Companies
6/22/2023 4:08:36 PM
Wall Street followed global markets lower early Thursday as countries around the world cranked up interest rates one day after Federal Reserve Chair Jerome Powell told Congress he believes inflation still isn’t under control.
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Business
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Economy
6/21/2023 3:52:27 PM
Federal Reserve Chair Jerome Powell said Wednesday that additional US interest rate hikes will likely be needed to tame high inflation, ahead of two days of testimony on Capitol Hill.
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Business
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Economy
6/14/2023 9:15:05 PM
The US Federal Reserve voted Wednesday to pause its aggressive campaign of interest rate hikes despite "elevated" inflation, while indicating a sharp increase could be needed before the end of the year.
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Business
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Economy
6/14/2023 12:21:08 PM
Asian markets were mixed Wednesday after data showed US inflation fell further last month, ramping up expectations the Federal Reserve will finally pause its interest rate hike campaign.
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Business
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Economy
6/14/2023 11:32:40 AM
The Federal Reserve will announce Wednesday if it will press ahead with an 11th straight interest rate hike to tackle high inflation or skip an increase to give policymakers more time to take stock of the US economy.
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Business
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Economy
6/13/2023 6:34:45 PM
The US Federal Reserve on Tuesday kicked off a two-day meeting to set its benchmark lending rate, with fresh signs of cooling inflation increasing the chance it will pause its aggressive cycle of rate hikes.
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Business
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Economy
6/13/2023 4:42:09 PM
Consumer inflation in the United States cooled for an 11th straight month in May, the Labor Department said Tuesday, in an encouraging sign for policymakers seeking to rein in price increases.
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Business
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Economy
6/13/2023 12:03:01 PM
Markets rose on Tuesday, with investors awaiting the release of key US inflation data later in the day that could play a big role in the Federal Reserve's keenly anticipated interest rate decision.
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Business
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Economy
6/12/2023 12:22:35 PM
Most markets rose Monday but investors traded cautiously as they awaited key US inflation data and the Federal Reserve's interest rate decision later this week.
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Business
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Markets & Companies
6/8/2023 10:48:09 AM
Renewed fears that the US Federal Reserve will lift interest rates next week sent most markets into reverse Thursday, tracking losses across Wall Street and Europe, while traders were looking for measures from China to boost growth.
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Business
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Economy
6/5/2023 12:50:35 PM
Markets built on a global rally Monday after a mixed US jobs report lifted hopes the Federal Reserve will skip an interest rate hike this month, while oil extended gains after Saudi Arabia slashed output.
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