The inflation rate has still not reached the 2 percent goal. Federal Reserve Governor Michelle Bowman recently said that additional interest hikes “will likely be needed” to further…
Read MoreFederal Reserve Chairman Powell
Fed Chair to Raise Interest Rates at “Careful Pace”
Chairman Powell testified before Senate Banking Committee on the rate of inflation. Chair of the Federal Reserve Jerome Powell recently testified before the Senate Banking Committee, where he…
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Federal Reserve Raises Interest Rates Again
Currently at 5 percent. Federal Reserve officials raised interest rates a quarter of a percent Wednesday. Rates are now at their highest since 2007. This increase is yet another…
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Federal Reserve Raises Interest Rates Again
The result will be tighter credit options for households. At its meeting on Wednesday, the Federal Reserve raised interest rates to a target range of 4.75% to 5%,…
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Treasury Department Developing Digital Dollar Technology
Legislators are looking at official cryptocurrency. The Treasury Department’s Under Secretary for Domestic Finance, Nellie Liang, said the administration is developing technology that would help create a central bank…
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Fed Rate Hikes Could Come Quicker
Chairman Powell cites an unexpectedly strong economy. The Federal Reserve may speed up interest rate hikes more than expected in their endeavors to combat inflation, Federal Reserve Chairman…
Read MoreFed Chair Says There is a “Long Way to Go” on Inflation
He also calls America’s debt unsustainable. Federal Reserve Chairman Jerome Powell said there is “a long way to go” before economic stability is achieved in the U.S. He…
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Labor Department Reports Higher Job Gains than Expected
The leisure and hospitality industries experience the greatest gains in January. The latest Labor Department jobs report shows the U.S. added 517,000 jobs in January, outstripping the forecast…
Read MoreFederal Reserve Continues to Increase Interest Rates
Half a percent hike is the seventh this year. On Wednesday, the Federal Reserve again increased interest rates, by half a percentage point instead of the three-quarter percentage…
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U.S. Inflation Slowed in November
Dropped more than half a percent from October. The Consumer Price Index released this week shows inflation slowed in November, providing hope that interest rates and prices may…
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