Fed’s Waller says he’s open to a half-point rate hike at December meeting
The Fed governor said he's open to reducing the level of interest rate increases to half a percentage point in December.
The world needs more economic alliances than security ones, analyst says
Having "a lot of security, military, defense alliances" could make the world more dangerous, the president of the Center for China and Globalization said.
Household debt soars at fastest pace in 15 years as credit card use surges, Fed report says
Households increased debt during the third quarter at the fastest pace in 15 years due to hefty increases in credit card usage and mortgage balances.
Wholesale prices rose 0.2% in October, less than expected, as inflation eases
The producer price index was expected to show a monthly increase of 0.4% in October, according to Dow Jones estimates.
Everyone knows inflation is on fire. This is what’s really fueling it
The three biggest inputs for the consumer price index, the most widely followed measure of inflation, are food, energy and shelter.
A day after Powell’s assurances about the economy, markets are worried that ‘the Fed breaks something’
The trouble is, the Fed's likely to get a recession anyway as data shows the economy is a far cry from stable.
Powell vows that the Fed is ‘acutely focused’ on bringing down inflation
Federal Reserve Chairman Jerome Powell on Friday reiterated the central bank's commitment to bringing down inflation.
Fed promises ‘unconditional’ approach to taking down inflation in report to Congress
Federal Reserve officials rolled out strong language Friday to describe their approach to inflation, promising a full-fledged effort to restore price stability.
Here are the three things the Fed has done wrong, and what it still isn’t getting right
The Federal Reserve suddenly finds itself second-guessed as it tries to navigate the economy through inflation and away from recession.