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Jul 27 2023
News
Fed Hikes Interest Rates Again Despite Rising Black Unemployment Rate
The U.S. Federal Reserve voted Wednesday to raise interest rates by another quarter percent, taking the cost of borrowing to its highest level in over two decades. It’s the 11th such rate increase in less than a year and a half. In a letter to Fed Chair Jerome Powell, Democratic Senator Elizabeth Warren of Massachusetts called the Fed’s moves “needless rate increases that threaten the economy
Democracy Now!
Sep 05 2023
News
Fed Governor Waller agrees the central bank can ‘proceed carefully’ on interest rates
Federal Reserve Governor Christopher Waller said Tuesday that the recent round of strong economic data will buy the central bank some time as it decides whether additional interest rate hikes are needed to control inflation.
“That was a hell of a good week of data we got last week, and the key thing out if it is it’s going to allow us to proceed carefully,” Waller told CNBC’s Steve
CNBC
Sep 20 2023
News
Fed decision: Markets await key dot plot, Powell press conference with no interest-rate hike expected
MarketWatch
Aug 30 2023
News
U.S. job growth cooled in August. Here's what that means for inflation and interest rates.
The labor market is showing signs of cooling, shifting gears after months of strong job creation that fueled soaring inflation and prompted a string of interest rate hikes from the Federal Reserve.
Private employers added 177,000 jobs in August, compared with 371,000 in July, human-resources company ADP said on Wednesday. That's below the 200,000 new jobs that economists had expected
CBS News (Online)
May 03 2023
News
US Fed's Benchmark Interest Rates
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Barron's
Aug 26 2023
News
Chance of interest rate hike goes up after Powell speaks in Jackson Hole
Federal Reserve Chair Jerome Powell doubled down on the Fed’s inflation fight Friday at the Jackson Hole Economic Symposium, sending market bets on the chances of further interest rate hikes in 2023 higher. After Powell’s remarks that “we have a long way to go” and an affirmation of the Fed’s 2% inflation target, the odds of a September rate hike surged to around 20% and the probability of a
Detroit Free Press
Aug 26 2023
News
Federal Reserve to Keep Hiking Interest Rates as US Economy Not Cooling — Chairman Powell
WASHINGTON (Sputnik) – The Federal Reserve will keep raising interest rates as long as it is needed to bring inflation back to its long-term target of 2% per year given that the US economy is not cooling as was initially thought, Chairman Jerome Powell said on Friday. “It is the Fed’s job to bring inflation down to our 2% goal, and we will do so,” Powell stressed, opening the US central bank’s
InfoWars
Jul 26 2023
News
Fed raises interest rates, leaves door open to another increase
The Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday, citing still elevated inflation as a rationale for what is now the highest U.S. central bank policy rate in 16 years.
The rate hike, the Fed's 11th in its last 12 meetings, set the benchmark overnight interest rate in the 5.25%-5.50% range, and the accompanying policy statement left the door open
Reuters
Jul 26 2023
News
US Fed Hikes Interest Rates To Highest Level Since 2001
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.
The quarter percentage-point rise lifts the Fed's key lending rate to a range between 5.25 percent and 5.5 percent, the US central bank said in a statement, adding that it will "continue to assess
Barron's
Sep 20 2023
News
Fed leaves interest rates unchanged in its inflation fight. But stay tuned for a possible increase later this year as oil prices soar
The Federal Reserve left its key interest rate unchanged Wednesday for the second time in its past three meetings, a sign that it’s moderating its fight against inflation as price pressures have eased. But Fed officials also signaled that they expect to raise rates once more this year. The move to leave its benchmark rate at about 5.4% suggests that the Fed thinks it has time to wait and see
Fortune