Powell to face Capitol Hill questions on economy and interest rate plans
Fed chair Jerome Powell heads to Capitol Hill on Wednesday to begin two days of testimony on the economy and plans concerning interest rates.
Fed exploring ways to speed up bank oversight, strengthen stress tests
Federal Reserve Vice Chair for Supervision Michael Barr said Tuesday that the central bank is looking to be more agile in regulating banks before and during financial crises.
Fed warns tighter credit conditions could slow US growth
The Federal Reserve warned in its semi-annual monetary report to Congress that tightening credit conditions could weigh on the U.S. economy this year.
Fed officials signal rates may need to go higher to fight inflation
Two Federal Reserve officials suggested Friday that interest rates may need to go higher amid signs of underlying inflationary pressures in the economy.
Big stock rally could be followed by 'big collapse': Bank of America
Bank of America analysts said the stock market has a lot in common with the run-up to recent collapses in 2000 and 2008 and faces further losses this year.
Fed pauses interest rate hikes, but high mortgage rates could be here to stay
The Federal Reserve left interest rates unchanged for the first time in months, but mortgage rates are unlikely to fall despite the long-awaited pause.
Stuart Varney: Tax and rate hikes are 'frightening vision' for America's future
FOX Business' Stuart Varney warned of the potential damage Biden tax hikes and more Federal Reserve interest rate increases could do to the U.S. economy.
A Fed pause likely won’t help struggling consumers
While investors are optimistic the Federal Reserve will pause interest rates this month, the move is unlikely to bring relief to stretched consumers holding credit card debt and variable rate loans.
Fed pauses rate hikes for first time in 15 months but hints at future increases
The Federal Reserve paused its 15-month interest rate hike campaign on Wednesday after government data pointed to a sharp slowdown in inflation last month.
Wholesale inflation cools in May to lowest level in two years
The Labor Department said Wednesday the producer price index slid 0.3% in May, evidence that price pressures in the economy are continuing to dissipate.
Fed likely to skip interest rate hike for first time in 15 months
The Federal Reserve will likely pause its 15-month interest rate hike campaign Wednesday after government data pointed to a sharp slowdown in inflation.
Inflation drops in May, but not enough to slow interest rate hikes
Inflation dropped in May, reaching nearly half of its peak last Summer. And while the decrease could cause the Fed to pause its rate hikes in June, the rate hikes could continue this year.
Inflation cools sharply in May to 4%, lowest in 2 years
The Labor Department said the consumer price index showed that inflation cooled last month, but that underlying price pressures remained stubbornly high.
Consumers pessimistic about credit as inflation expectations ease
Americans' worries about rising inflation have hit the lowest point in more than two years, but now consumers are increasingly concerned about access to credit.
Fed pause? CPI inflation data, CAVA IPO top week ahead
The Federal Reserve's decision on rates, consumer and producer inflation data, retail sales, GameStop's annual meeting and a potential spicy IPO top the week ahead on Wall Street.
Fed expected to pause 15-month rate hike campaign this week, survey shows
Economists expect the Federal Reserve to pause interest rate increases during its June meeting, but they are divided over the possibility of future hikes.
Jobless claims jump more than expected to highest level since 2021
Applications for unemployment benefits last week climbed to the highest level since October 2021, the latest evidence the labor market is slowing down.
Global economy faces 'long road' to recovery, OECD warns
The Organization for Economic Cooperation and Development said in its latest Economic Outlook that the world economy faces a "long" road to recovery in the face of stubborn inflation and high interest rates.
Mortgage demand drops again as interest rates remain elevated
Home-purchase applications fell last week as high mortgage rates weighed on consumer demand, according to a survey from the Mortgage Bankers Association.
World Bank warns global economy to slow sharply amid higher interest rates
The World Bank said in an updated forecast on Tuesday that high interest rates and stubbornly high inflation will hobble the global economy this year.