Fed poised to approve quarter-point rate hike next week, despite market turmoil
Chairman Jerome Powell and his fellow central bankers will want to signal that it's important to continue the fight to bring down inflation.
Something broke, but the Fed is still expected to go through with rate hikes
Markets still expect the Fed to keep up its inflation-fighting efforts, despite high-profile bank failures that have rattled the financial system.
Inflation gauge increased 0.4% in February, as expected and up 6% from a year ago
Excluding volatile food and energy prices, core CPI increased 0.5% in February and 5.5% on a 12-month basis.
Moody’s Analytics’ Mark Zandi says Fed unlikely to hike rates in March given banking turmoil
The Federal Reserve will likely not raise interest rates at its March meeting as there is still a "boatload of uncertainty" said Mark Zandi of...
Wholesale prices post unexpected decline of 0.1% in February; retail sales fall
The producer price index was expected to increase 0.3% in February, according to Dow Jones estimates.
One of the best ways to figure out what the Fed will do next is to look at regional bank stocks
Markets have changed their mind — again — about what they think the Federal Reserve will do next week regarding interest rates.
Goldman Sachs cuts GDP forecast because of stress on small banks, which are key to U.S. economy
Goldman on Wednesday lowered its 2023 economic growth forecast, citing a pullback in lending from small- and medium-sized banks.
Long-awaited Fed digital payment system to launch in July
FedNow creates "a leading-edge payments system that is resilient, adaptive, and accessible," said Richmond Fed President Tom Barkin.
European Central Bank hikes rates despite market mayhem, pledges support if needed
Some market players questioned whether President Christine Lagarde would proceed with a hike, given recent shocks in the banking sector.