Fed Chair Jerome Powell has a tough job in bringing down inflation without killing the economy.
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The Fed lifted its benchmark interest rate by half a percentage point as it fights raging inflation.
A soft landing may be out of the Fed’s reach.
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The Federal Reserve is expected to lift interest rates a half point at its next meeting and more in the coming months, but it may be too late to forestall an economic downturn.
Tracking changes in net wealth is one of the best ways to see who benefited from economic growth.
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Most of the gains went to the richest Americans, but almost everyone saw an improvement in terms of net wealth.
California is seeing some of the highest gas prices in the U.S.
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The consumer price index, which measures everything from the price of peanut butter to gasoline, jumped at an annualized pace of 8.5% in March 2022 as inflation continued to accelerate.
Not looking healthy.
Normally investors view the future as more uncertain than the present. When that turns on its head, it’s often a bad omen.
Jerome Powell has a tough job ahead.
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The Fed officially began its biggest inflation fight in four decades.
The rock and the hard place.
Central banks are facing some of their toughest monetary policy decisions ever.
The price of gas is soaring across the U.S.
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Russia’s invasion of Ukraine and resulting sanctions are causing oil prices to spike, which is putting more pressure on inflation and increasing the risk of recession.
A woman in Ukraine appears to pray as she waits for a train out of Kyiv.
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Russia’s invasion will likely accelerate the fastest inflation in 40 years, increasing the risks for the overall US economy.
Gordon Gekko of ‘Wall Street’ may be the fictional face of insider trading.
A bipartisan group of US lawmakers is pushing for a ban on active trading by members of Congress following accusations that some of their colleagues may have engaged in insider trading.
The price of used cars has soared during the pandemic.
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Higher interest rates reduce demand for goods and services, which makes it harder for companies to raise prices. But there are risks as well.
The case for the RBA increasing interest rates certainly exists. But it’s far less pressing than in the United States.
All eyes are on Fed Chair Jerome Powell as the central bank prepares to raise rates for the first time in three years.
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The US central bank said surging inflation is guiding its decision about when to lift interest rates. Two experts on financial markets explain what might happen next.
Fed Chair Jerome Powell is talking tough on inflation.
The economy doesn’t have a real inflation problem, and not recognising the difference is the biggest danger.
Nothing but conundrums.
Will we now see a proper pandemic recovery?
Mirror mirror on the wall, who’s the best economy of them all?
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The US economy ended 2021 with a lot of uncertainty and serious problems, such as inflation. How will economists know if things are improving in 2022?
What goes up must come down.
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Until recently the Federal Reserve had been purchasing roughly $120 billion of assets every month to support the US economy. The Fed began scaling back those purchases in November and doubled the pace on Dec. 15.
Federal Reserve Chair Jay Powell is signalling hard decisions ahead.
Transitory or persistent? That’s still the big question facing central bankers over inflation.
Used car and truck prices are up 31% over the previous year.
AP Photo/David Zalubowski
Inflation is rising at the fastest pace since Ronald Reagan was president.
Brainard has been pushing the Fed to consider exposure to climate change in its regulation and analysis of banks. That’s sparked fury from Republican senators – and even a Nobel Prize winner.