Three takeaways from Fed Chair Powell following July hike decision
Roughly every six weeks Federal Reserve Chair Jerome Powell delivers a report card that rates the economy's future performance. Here's what the latest one showed.
2023-07-27 05:56
Instant view: Fed raises interest rates, leaves door open to another increase
NEW YORK The Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday, citing
2023-07-27 05:21
US rate futures see slightly higher chance of Sept hike after Powell's comments
NEW YORK U.S. interest rate futures on Wednesday saw an increased probability of another interest rate increase by
2023-07-27 03:53
Gulf central banks raise key interest rates by 25 bps, mirroring Fed
By Alaa Swilam and Yomna Ehab CAIRO/DUBAI Most Gulf central banks increased their key interest rates on Wednesday
2023-07-27 03:49
Fed staff no longer forecasting U.S. recession, Powell says
WASHINGTON U.S. Federal Reserve Chair Jerome Powell said on Wednesday that Fed staff are no longer forecasting a
2023-07-27 03:25
Gasoline prices are spiking. That's a problem for Powell and the Fed
Prices at the gas pump are suddenly surging, causing headaches for consumers and central bankers alike.
2023-07-26 23:21
What to expect from the Fed's decision on rates
The Federal Reserve is expected to announce later on Wednesday that it will raise its benchmark lending rate to the highest level in 22 years.
2023-07-26 20:29
Fed poised to hike rates as markets anticipate inflation endgame
By Howard Schneider WASHINGTON The Federal Reserve is expected to raise interest rates by a quarter of a
2023-07-26 13:23
No happy dance in the cards as Fed ponders resilient US economy
By Howard Schneider WASHINGTON With the Federal Reserve steaming toward another interest rate hike this week, policymakers face
2023-07-25 18:27
FedEx pilots reject 30% pay hike proposal, but a strike isn't imminent
Pilots for FedEx have rejected a tentative labor deal. But that doesn't mean they're about to walk off the job just as UPS is threatened with its own strike by 340,000 drivers and other hourly ground workers.
2023-07-25 05:52
FedEx pilots reject tentative deal, supervised talks likely
FedEx pilots have rejected a tentative contract deal with the parcel delivery firm and the two sides will
2023-07-25 01:57
Fed fines UBS $268.5 million for Credit Suisse missteps with Archegos
WASHINGTON The U.S. Federal Reserve announced Monday it had fined UBS Group AG $268.5 million for Credit Suisse's
2023-07-24 23:48