U.S. recession isn’t ‘inevitable,’ but inflation is ‘unacceptably high,’ Treasury Secretary Yellen says
Talk of a recession has accelerated this year as inflation remains high and the Federal Reserve takes aggressive steps to counter.
The risk of recession is growing. Here’s why recessions may be inevitable
Experts argue that monetary policies have limits on what they can achieve against an impending recession.
Retail sales posted unexpected 0.3% decline in May as inflation hammers consumers
Advance retail and food service spending fell 0.3% for the month, below the Dow Jones estimate for a 0.1% gain.
Homebuilder sentiment drops to lowest level in two years as housing demand slows
Builder sentiment is getting hit by higher interest rates, which are causing a slowdown in housing demand.
The Federal Reserve just hiked interest rates by 0.75 percentage point. How raising rates may help slow inflation
Consumers may not be looking forward to higher interest rates while they're paying more for necessities. Here's how raising rates helps inflation.
Here’s everything the Fed is expected to announce, including the biggest rate hike in 28 years
The Federal Reserve on Wednesday is expected to do something it hasn't done in 28 years — increase interest rates by three-quarters of a percentage...
Fed hikes its benchmark interest rate by 0.75 percentage point, the biggest increase since 1994
The Federal Open Market Committee released its decision on interest rates Wednesday, with markets expecting a three-quarter point hike.
Here’s what changed in the new Fed statement
This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting on May 4.
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.