Key inflation gauge hit 6.1% in January, highest since 1982
An inflation gauge that is closely monitored by the Federal Reserve jumped 6.1% in January compared with a year ago, the latest evidence that Americans are enduring sharp price increases that will likely worsen after Russia’s invasion of Ukraine.
U.S. Fed governor opens door to half-point rate hike in March
Federal Reserve Governor Michelle Bowman said Monday that she was open to lifting interest rates by more than the traditional quarter-point at the central bank’s next meeting in March.
Federal Reserve indicates interest rate hike arriving in March
With both volatile markets and significant inflation in the mix, the Federal Reserve on Wednesday indicated that it may soon raise interest rates for the first time in more than three years.
Fed takes ‘first step’ toward considering digital dollar, seeks public comment
The Federal Reserve is asking for the public’s help in weighing whether the United States should develop and adopt a central bank digital currency.
Federal Reserve Chairman Powell says inflation poses ‘severe’ threat to job market
Federal Reserve Chairman Jerome Powell acknowledged Tuesday that high inflation is indeed a serious threat to the U.S. central bank’s goal of helping to get U.S. employees back to work.
US Federal Reserve Signals 3 Interest Rate Hikes in 2022
Policymakers at the U.S. central bank, the Federal Reserve, moved aggressively Wednesday to fight raging inflation in consumer prices for American shoppers and businesses.
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