Fed’s Daly says the economy can handle rate hikes, but a mild recession is possible
San Francisco Fed President Mary Daly acknowledged that a series of rate hikes over the coming months could tip the economy into a shallow recession.
Watch Fed Chairman Jerome Powell speak live at IMF debate
Federal Reserve Chairman Jerome Powell speaks Thursday on a panel presented by the International Monetary Fund. CNBC's Sara Eisen will moderate the talk.
Powell says taming inflation ‘absolutely essential,’ and a 50 basis point hike possible for May
Federal Reserve Chairman Jerome Powell on Thursday affirmed the central bank's determination to bring inflation down.
Fed’s Mester casts doubt on the need for ‘shock’ interest rate hikes ahead
Cleveland Fed President Loretta Mester said she's in favor of raising interest rates quickly, but not so quickly as to disrupt the economic recovery.
Supplier prices rose 11.2% from a year ago in March, the biggest gain on record
The PPI, which measures the prices paid by wholesalers, increased 11.2% from a year ago, the most in a series going back to November 2010.
Retail sales rose 0.5% in March amid inflation jump; import prices hit 11-year high
Retail sales were expected to increase 0.6% in March, according to Dow Jones estimates.
Fed’s Waller sees likelihood of multiple half-point interest rate hikes ahead
Getting inflation under control will require raising interest rates at a faster pace than normal, Fed board member Christopher Waller said Wednesday.
Homebuilder sentiment drops for fourth straight month, as rising rates push housing to ‘an inflection point’
Sharply higher mortgage rates are causing homebuyers to pull back, and homebuilder sentiment dropped as a result.
Consumer prices rose 8.5% in March, slightly hotter than expected and the highest since 1981
The consumer price index for March was expected to increase 8.4% from a year ago, according to Dow Jones estimates.