Fed officials are talking as if they are determined to bring down inflation even if it means a recession. Investors are not yet convinced.
Lately, however, that’s all anyone seems to be doing.
The Fed is attempting to rein in inflation by raising interest rates and allowing its balance sheet to shrink. In theory, this should drive asset prices and raising rates on home loans, tightening financial conditions for businesses and households.. The S&P 500 rallied 17.2 percent in the 41 days through March 17. U.S.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Global stocks lower after Fed says US inflation too highGlobal stocks and Wall Street futures are mostly lower after the Federal Reserve said U.S. inflation is too high, suggesting support for more interest rate hikes.
Read more »
Fed adds a new layer of bureaucracy for US banks engaging in crypto asset activitiesThe Fed has no plans to make it easier for banks to get involved in trading digital assets. In a letter sent on Tuesday, the board warns all banks will have to notify about their crypto activity before starting.
Read more »
Steady Fed to keep the dollar bid versus low yielders – INGReading through the FOMC minutes last night, economists at ING took away three key points for the FX market. These should contribute to the dollar sta
Read more »
Fed will keep raising rates until inflation cools down, minutes showMinutes also show officials discussed slowing the pace of hikes 'at some point' to assess how the economy is handling its policy moves.
Read more »
Jobless Claims Edge Lower as Fed Looks to Cool Labor MarketJobless claims totaled 250,000 for the week ended Aug. 13, down 2,000 from the previous week and below the 260,000 Dow Jones estimate.
Read more »