rate Archives - DX Journal

The Federal Reserve remains committed to raising interest rates further to quell rising prices, but agrees that "at some point" it would be appropriate to slow the pace of such hikes, according to meeting minutes

Fed says more US rate hikes coming, pace will slow ‘at some point’

US central bankers remain committed to raising interest rates further to quell rising prices, but agreed it would be appropriate to slow the pace of the...

Federal Reserve Board Chairman Jerome Powell said he did not believe the United States was in a recession -- but then said the Fed doesn't make such determinations itself

Business10 months ago

In the U.S., even the definition of ‘recession’ is controversial

In Washington circles, saying the “R” word comes with a bit of risk. As the specter of recession looms over the US economy, defining exactly what...

The Federal Reserve is committed to continuing to raise interest rates to bring down soaring US inflation

Business11 months ago

Fed official signals willingness to hike interest rates full percentage point

US Federal Reserve Governor Christopher Waller signaled Thursday he may support a full percentage point interest rate hike this month — the biggest increase in more...

The Federal Reserve implemented the most aggressive interest rate increase in nearly 30 years, as policymakers cited worries that price pressures had shown no signs of easing

Business11 months ago

Fed flags risk US inflation could become entrenched: minutes

US central bankers last month flagged the concern that sky-high inflation could become persistent and reiterated their willingness to continue raising interest rates to tamp down...

The Federal Reserve needs to raise interest rates 'expeditiously' but there is a path to do so without causing a recession, New York Fed President John Williams said

Business11 months ago

US likely to avoid recession, but rates need to climb: Fed official

The US economy will slow this year as intended and is expected to avoid a downturn, but the Federal Reserve will have to raise borrowing rates...

Federal Reserve Chair Jerome Powell said strong demand combined with constrained supply was the key factor driving inflation higher

Business11 months ago

Fed chief says pandemic aid not primary driver of US inflation

Federal Reserve Chair Jerome Powell on Thursday downplayed the idea that government pandemic aid was the key factor fueling US inflation, instead blaming a confluence of...

The Turkish lira's slide are accelerating after a 50-percent drop against the dollar in the past 12 months

Business11 months ago

Inflation-hit Turkey sticks to Erdogan’s war on higher rates

Turkey’s central bank on Thursday bucked global trends once again and kept its benchmark interest rate stable despite one of the highest levels of consumer price...

US Federal Reserve Chair Jerome Powell said the American economy is 'very strong' and well positioned to withstand higher interest rates

Business11 months ago

US could face more inflation ‘surprises’: Fed’s Powell

The US economy is strong but faces an “uncertain” global environment and could see further inflation “surprises,” Federal Reserve Chair Jerome Powell said Wednesday. In the...