Fed announces interest rate hike to combat inflation

Mar 16, 2022
With more likely to follow, the rate hikes will eventually mean higher loan rates for many consumers and businesses.
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Philadelphia Fed president discusses "skills-based hiring" and March's rate hike

Mar 3, 2022
"I could be supportive of a 50 basis point rise in the future — but not at this meeting," said Patrick Harker.
"I could be supportive of a 50 basis point rise in the future — but not at this meeting," said Patrick Harker.

Forget stagflation. Retail sales point to a "boomflation" economy.

Feb 16, 2022
The monthly gauge rose 3.8%, showing that Americans are eager to shop despite inflation. It could further push the Fed to hike rates.
People are eager to shop, despite inflation and gloomy views of the economy.
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We know the Fed will raise interest rates soon. The question is: how many times?

Jan 31, 2022
It all depends on how much inflation the central bank sees in the economy.
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Federal Reserve considers pros and cons of digital currency

Jan 26, 2022
Here's how you'd buy a Mountain Dew and a Slim Jim with digital cash.
Just like cash, the value stored in a digital dollar would be instantly accessible to stores. But are Americans willing to kiss their greenbacks goodbye?
Tamer Soliman/Getty Images

For public good, not for profit.

The statistic Fed Chair Powell uses to keep an eye out for wage inflation

Jan 26, 2022
The central bank will scrutinize the employment cost index for 2021’s fourth quarter for signs that rising pay could fuel rising prices.
Federal Reserve chief Jerome Powell has turned his efforts toward containing inflation. The employment cost index is one of the economic indicators the Fed examines in setting monetary policy.
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Big banks set to give investors good earnings news

Jan 10, 2022
Bank investors expect continued strength in 2022 because yields on loans could rise along with Federal Reserve rate hikes.
Bank profits may increasingly be driven by trading, investment and cryptocurrency rather than consumer lending.
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A look at the Federal Reserve's historical lack of diversity

Jan 5, 2022
There wasn't a Black member of the Fed's board of governors until 1966. Part of the problem: too much emphasis on Ivy League economists.
“If you’re intentionally creating a talent pool that is nondiverse, then you’re probably going to end up with a nondiverse outcome," Georgetown Law professor Chris Brummer says. Above, the Federal Reserve building in Washington, D.C.
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