federal reserve News Updates

Government, Business

Inflation Stays High in February, Complicating Fed’s Plans

WASHINGTON — U.S. consumer price increases eased from January to February but still indicated elevated inflation, posing a challenge for the Federal Reserve's interest rate plans.

March 14, 2023
Government, Business

February Adds 311,000 Jobs Despite Fed’s Rate Hikes

WASHINGTON — America’s employers added a substantial 311,000 jobs in February, fewer than January’s huge gain but enough to keep pressure on the Federal Reserve to raise interest rates aggressively to fight inflation.

March 10, 2023
Government, Business

Inflation Slows to 6.4%, but Price Pressures Re-emerge

WASHINGTON — The pace of consumer price increases eased again in January, the latest sign that the high inflation that has gripped Americans for two years is slowing.

February 14, 2023
Government, Business

Fed Lifts Rate by Quarter-Point, Signals More Hikes Ahead

WASHINGTON — The Federal Reserve extended its fight against high inflation on Feb. 1 by raising its key interest rate by a quarter-point, its eighth hike since March.

February 1, 2023
Government, Business

Fed Hikes Rate by Half-Point, Signals More to Come

The Federal Reserve reinforced its inflation fight Dec. 14 by raising its key interest rate for the seventh time this year and signaling more hikes to come.

December 14, 2022
Government, Business

Fed to Keep Rates High for Longer to Combat Inflation

The Federal Reserve will push rates higher than previously expected and keep them there for an extended period, Chair Jerome Powell said Nov. 30 in remarks likely intended to underscore the Fed’s focus on combating inflation.

December 1, 2022
Government, Business

Federal Reserve Hikes Rates Again, but Hints at Pullback

The Federal Reserve pumped up its benchmark interest rate on Nov. 2 by three-quarters of a point for a fourth straight time but hinted that it could soon reduce the size of its rate hikes.

November 2, 2022
Government, Business

Fed Attacks Inflation With Another Big Hike and Expects More

Intensifying its fight against high inflation, the Federal Reserve raised its key interest rate Sept. 21 by a substantial three-quarters of a point for a third straight time and signaled more large rate hikes to come.

September 21, 2022
Government, Business

Fed Unleashes Another Big Rate Hike in Bid to Curb Inflation

WASHINGTON — The Federal Reserve on July 27 raised its benchmark interest rate by a hefty three-quarters of a point for a second straight time in its most aggressive drive in three decades to tame high inflation.

July 27, 2022
Government, Business

Fed Official Says Solid Economy Can Handle Rising Rates

WASHINGTON — Last week’s jobs report points to a solid U.S. economy with little sign of a recession on the horizon and one that can withstand higher interest rates, St. Louis Federal Reserve president James Bullard said July 11.

July 11, 2022