Powell says the Fed could hike rates by 0.75 percentage point again in July
Federal Reserve Chair Jerome Powell said Wednesday the central bank could raise interest rates by a similar magnitude at the next policy meeting in July.
Federal Reserve Chair Jerome Powell said Wednesday the central bank could raise interest rates by a similar magnitude at the next policy meeting in July.
The Federal Open Market Committee released its decision on interest rates Wednesday, with markets expecting a three-quarter point hike.
The outlook for summer travel remains strong, say industry insiders, with many travelers saying they're concerned but undeterred about their upcoming plans.
A new report shows even the uber wealthy aren't immune to inflationary pressures on their most prized luxury goods.
Millionaires surveyed by CNBC ranked inflation as the top risk to both the economy and their personal wealth.
Most millennial millionaires feel optimistic about the economy, according to the latest CNBC Millionaire Survey.
Nearly half of millennial millionaires say higher borrowing costs are causing them to delay buying a car, and 44% say higher interest rates have caused...
People with accounts at the crypto lending platform are no longer able to withdraw their money. “Looking back, it seems too good to be true.”
The rapid fall in the Japanese yen has been at the center of one of the biggest bets on Wall Street this year, but a...