The Fed continues its crackdown on inflation, pushing up interest rates again
The Federal Reserve raised interest rates by half a percentage point Wednesday, which was a smaller increase than the four previous hikes.
Fed Chairman Jerome Powell
Fed orders another super-sized interest rate hike as it battles stubborn inflation
The Federal Reserve raised interest rates by another 0.75 percentage points today, as it tries to control runaway prices. The central bank also signaled that additional rate hikes are likely.
Powell says recession 'a possibility' but not likely
Federal Reserve chairman Jerome Powell vowed to bring inflation back down to 2%. Some lawmakers worry the Fed's efforts to control inflation could tip the economy into recession.
The Dow rallies to its best day since 2020 after the Fed rules out larger rate hikes
Markets jumped after Fed Chair Jerome Powell said the central bank was not contemplating bigger rate hikes than the half-a-percentage-point increase it delivered on Wednesday.
The Federal Reserve raises interest rates for the first time since 2018
The central bank raises its benchmark rate by a quarter percentage point in an effort to tamp down inflation. Additional rate hikes are likely in the months to come.
Senate Republicans block a key vote on Biden's nominations for the Federal Reserve
Republicans boycotted a meeting of the Senate Banking Committee Tuesday, delaying a vote on five nominees to the Fed's board. The move was aimed at one nominee: Sarah Bloom Raskin.
Inflation is still red hot, and it's forcing the Federal Reserve into a new game plan
The Federal Reserve is opening the door to possible interest rate hikes earlier next year than had been expected, as it wrestles with the highest inflation in nearly four decades.