Breaking News: Economy

The Fed is now expected to keep raising rates then hold them there, CNBC survey shows

The Fed is now expected to keep raising rates then hold them there, CNBC survey shows

US Federal Reserve Chairman Jerome Powell gives a press briefing after the surprise announcement that the FED will cut interest rates on March 3, 2020 in Washington, DC. Eric Baradat | AFP | Getty Images Wall Street finally seems to be embracing the idea that the Federal Reserve will hike rates into restrictive territory and …

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Fed's Waller sees 'significant' rate hike this month, backs data-dependent approach

Fed’s Waller sees ‘significant’ rate hike this month, backs data-dependent approach

Federal Reserve Governor Christopher Waller on Friday echoed recent sentiments from his colleagues, saying he expects a big interest rate increase later this month. He also said policymakers should stop trying to guess the future and instead stick to what the data is saying. “Looking ahead to our next meeting, I support another significant increase …

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Fed Vice Chair Brainard vows 'we are in this for as long as it takes' to stop inflation

Fed Vice Chair Brainard vows ‘we are in this for as long as it takes’ to stop inflation

Federal Reserve Vice Chair Lael Brainard vowed Wednesday to press the fight against inflation that she said is hurting lower-income Americans the most. That will mean more interest rate increases and keeping rates higher for longer, she said in remarks prepared for a speech in New York. Brainard cushioned the remarks with an acknowledgment that …

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Fed rate hikes won't bring down inflation as long as government spending stays high, paper says

Fed rate hikes won’t bring down inflation as long as government spending stays high, paper says

John C. Williams, president and chief executive officer of the Federal Reserve Bank of New York, Lael Brainard, vice chair of the Board of Governors of the Federal Reserve, and Jerome Powell, chair of the Federal Reserve, walk in Teton National Park where financial leaders from around the world gathered for the Jackson Hole Economic …

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Danger ahead: The US economy has yet to face its biggest recession challenge

Danger ahead: The US economy has yet to face its biggest recession challenge

A person removes the nozzle from a pump at a gas station on July 29, 2022 in Arlington, Virginia. Olivier Douliery | AFP | Getty Images You’d be hard-pressed now to find a recession in the rearview mirror. What’s down the road, though, is another story. There is no historical precedent to indicate that an …

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