Fed

Retail Sales: Percent Change from Year Ago U.S. Bureau of Labor Statistics Market volatility in spades this week! On Tuesday, markets were all a-twitter (oops, can’t use that word!) over the large and…

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. SubscribeWednesday, December 15, 2021‘Spider-Man’ and a high-class inflation problemDonning my…

The Federal Reserve signaled it would begin steadily raising interest rates in mid-March, its latest move toward removing stimulus to bring down inflation.Fed Chairman Jerome Powell said Wednesday that the…

Developing StoryDow eases from 800+ point selloffSymbolPriceChange%ChangeI:DJI$30,575.41-817.38-2.60%BA$127.00 -6.73-5.03%DOW$58.67-3.19-5.16%IBM$136.19-1.77-1.28%KO$61.41-0.39-0.63%All 30 Dow components traded lower mid-morning led by…

WASHINGTON (AP) — A measure of inflation that is closely tracked by the Federal Reserve jumped 6.3% in May from a year earlier, unchanged from its level in April.Thursday’s report from the Commerce Department provided the latest evidence…

Every time inflation ticks up, it takes a bite out of workers' pay and chews away at their bank accounts. And this current stretch of inflation -- triggered by a confluence of events, including the war in Ukraine and the ongoing pandemic…

France's CAC 40 (CAC40)and Germany's DAX (DAX) were both down 1.3% in early trade, while the FTSE 100 (UKX) slipped 1.5%.US stocks had closed higher on Wednesday after the Federal Reserve hiked interest rates by an aggressive…

US President Joe Biden (L) looks on after announcing Jerome Powell (R) as his nominees for Chair of the Board of Governors of the Federal Reserve Systems during an event at the White House in Washington, DC, on November 22, 2021.Jim…

Stock markets in Asia have tumbled to their lowest in nearly 15 months after America’s central bank chief confirmed widely expected plans to tackle higher inflation with an increase in interest rates this year, beginning in March.With…

The Fed could supersize a rate increase to half a percentage point if inflation remains stubbornly high, a leading US central bank official said.Raphael Bostic, president of the Fed’s Atlanta branch, stuck to his call for three…