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The US economy will slow this year as intended and is expected to avoid a downturn, but the Fed will have to raise borrowing...
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The US economy will slow this year as intended and is expected to avoid a downturn, but the Fed will have to raise borrowing...
The largest banks operating in the US market have sufficient resources to withstand a severe economic downturn.
Federal Reserve Chair Jerome Powell downplayed the idea that government pandemic aid was the key factor fueling US inflation.
The US economy is strong but faces an "uncertain" global environment and could see further inflation "surprises," Jerome Powell said,
he Fed remains hopeful it can slow activity and demand, cooling the blistering pace of inflation, without derailing the world's largest economy.
US Fed announced the interest rate hike raising the benchmark borrowing rate by 0.75 percentage points.
The US Federal Reserve is poised to raise borrowing costs Wednesday amid the troubling acceleration of inflation.
Jerome Powell has signaled that policymakers were poised to implement another half-point increase in the benchmark borrowing rate.
Red-hot US inflation is showing few signs of cooling, putting the Federal Reserve on track to continue its aggressive interest rate increases.
Solid growth continued across the United States, even as firms faced an ongoing struggle with a worker shortage and rising prices.