interest rates

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Historic Rate Hike Is Now a Good Bet
Fed's Next Move May Be
an Unprecedented One
the rundown
Jul 14, 2022 12:32 PM CDT

Fed's Next Move May Be an Unprecedented One

Central bank may raise rates one full percentage point later this month

(Newser) - After Wednesday's worse-than-expected inflation report , investors are bracing for something that would have been unthinkable even a few months ago: a rate hike of one full percentage point. Coverage:
  • Odds growing: CNBC reports that in the wake of the inflation data, futures markets are now betting on the steep
...

Fed Confirms Big Move to Tame Inflation

Benchmark interest rate is going up for the first time since 2018

(Newser) - The Federal Reserve, in the first of what is expected to be a series of hikes, is raising its key short-term interest rate by a quarter-point from near zero. The central bank, which is fighting to tame the worst inflation in 40 years, signaled Wednesday that there could be up...

Bounce Back for US Economy in 2021 Was a Major One

Nation's GDP saw strongest calendar-year growth since the Reagan years

(Newser) - The US economy grew last year at the fastest pace since Ronald Reagan's presidency, bouncing back with resilience from 2020's brief but devastating coronavirus recession. The nation's gross domestic product—its total output of goods and services—expanded 5.7% in 2021. It was the strongest calendar-year...

Fed Chief: We'll Get More Aggressive on Inflation

Jerome Powell tells Congress they'll raise interest rates more if need be

(Newser) - Federal Reserve Chair Jerome Powell acknowledged Tuesday that high inflation has emerged as a serious threat to the Fed's goal of helping put more Americans back to work and that the Fed will raise rates more than it now plans if needed to stem surging prices. "If we...

Fed: No Change in Rates Despite Strong Recovery

But central bank may start dialing back policies later this year

(Newser) - The Federal Reserve said Wednesday that the US economy is strengthening and making progress on the Fed's employment and inflation goals, a small step toward dialing back its ultra-low-interest rate policies, perhaps later this year. The statement the Fed issued after its latest policy meeting said that ongoing vaccinations...

Fed Chair Announces Big Change on Interest Rates

Jerome Powell says Fed will keep rates near zero, even after inflation exceeds 2%

(Newser) - The Federal Reserve announced a significant change Thursday in how it manages interest rates by saying it plans to keep rates near zero even after inflation has exceeded the Fed's 2% target level. The change signifies that the Fed is prepared to tolerate a higher level of inflation than...

Trump Slams &#39;Clueless&#39; Fed Chief, &#39;Crazy&#39; Yield Curve
Trump Blasts
'Crazy Inverted
Yield Curve'
THE RUNDOWN
Aug 15, 2019 6:47 AM CDT

Trump Blasts 'Crazy Inverted Yield Curve'

Economists are split on signs of a recession

(Newser) - President Trump says the American economy is doing magnificently and we are "winning, big time, against China"—but one of the things still holding the economy back is the Federal Reserve chairman he appointed. In a pair of tweets Wednesday, Trump renewed his attacks on Jerome Powell, calling...

The Fed Takes a No-Hike Position for 2019

The Federal Reserve left its key interest rate unchanged Wednesday

(Newser) - The Federal Reserve left its key interest rate unchanged Wednesday and projected no rate hikes in 2019, dramatically underscoring its plan to be "patient" about any further increases. The Fed announced that it was keeping its benchmark rate—which can influence everything from mortgages to credit cards to home...

Trump on Fed Chief: 'Maybe' I Shouldn't Have Hired Him

President goes after Jerome Powell and central bank for raising interest rates

(Newser) - Framing the state of the economy in personal terms, referring to "my numbers," President Trump blasted Fed chief Jerome Powell and the central bank itself in an interview with the Wall Street Journal . Trump called the Fed the "biggest risk" to the economy, due to the three...

Trump: Fed &#39;Is Going Loco&#39;
Trump: The Fed 'Is Going Loco'
Oct 11, 2018 3:03 AM CDT

Trump: The Fed 'Is Going Loco'

He blames central bank for stock market drop

(Newser) - In a move that is traditionally considered highly unusual for a president, President Trump strongly criticized the Federal Reserve on Wednesday, blaming the central bank for the Dow's 831-point drop . The Federal Reserve has raised rates three times this year, with at least one more rise expected, and the...

More Market Turmoil? Inflation Higher Than Expected

Investors may not be happy because it could lead to a hike in interest rates

(Newser) - Given the markets' recent volatility, investors were keeping a closer eye than usual on Wednesday's new inflation report—and they may not be thrilled with the data. The consumer price index showed that prices for everyday goods rose slightly higher than expected in January, reports the Wall Street Journal ...

Greenspan Warns of the Bubble That May Be Bursting Next

And when that bond bubble bursts, it will be fast and severe, he says

(Newser) - More than 20 years ago, Alan Greenspan uttered two words he'd become famous for: "irrational exuberance," which he used to warn about asset prices in the general investment market and how predicting the bursting of such bubbles was a challenging game. Now the former Federal Reserve chair...

Fed Jacks Key Rate for 2nd Time in 3 Months

And signals more hikes are ahead in 2017

(Newser) - The Federal Reserve has raised its benchmark interest rate for the second time in three months and signaled that any further hikes this year will be gradual. The move Wednesday reflects a consistently solid US economy and will likely mean higher rates on some consumer and business loans. The Fed'...

The Fed Likely to Raise Interest Rates This Month

Janet Yellen signaled as much in a speech Friday

(Newser) - Janet Yellen signaled Friday that the Fed will likely resume raising interest rates later this month to reflect a strengthening job market and inflation edging toward the central bank's 2% target rate, the AP reports. The Federal Reserve chair also said that the Fed expects steady economic improvement to...

Fed Raises Key Interest Rate, Suggests More Hikes Coming

It's the first increase in a year

(Newser) - The Federal Reserve is raising a key interest rate for the first time in a year, reflecting a resilient US economy and expectations of higher inflation. The move will mean modestly higher rates on some loans, reports AP . The Fed signaled in a statement Wednesday that additional rate increases will...

What to Watch for in Fed&#39;s First Post-Trump Policy Meeting
With Fed Set to Hike Rates,
Look for This One Word
THE RUNDOWN
Dec 14, 2016 6:53 AM CST

With Fed Set to Hike Rates, Look for This One Word

'Roughly'

(Newser) - The Federal Reserve's first policy meeting since Donald Trump won the election wraps up Wednesday, and analysts say the Fed is almost certain to raise interest rates for just the second time in a decade—though they also said Trump was almost certain to lose the election. Beyond the...

Fed Hints at Upcoming Rate Hike
Fed Hints at
Upcoming Rate Hike
Nov 2, 2016 2:01 PM CDT

Fed Hints at Upcoming Rate Hike

But leaves interest rates unchanged for now

(Newser) - The Federal Reserve is leaving interest rates unchanged just days before Americans choose a new president, but hints again that it will likely raise rates at an upcoming meeting, the AP reports. The Fed says that the case for rate hike has "continued to strengthen" but that the panel...

Yellen Doesn't Tip Her Hand on Rate Hike

Case is stronger, says Fed chief, without offering timetable

(Newser) - Federal Reserve Chair Janet Yellen said Friday that the case for raising interest rates has strengthened in light of a solid job market and an improved outlook for the US economy and inflation, reports the AP . So does that mean rates are going up? We'll have to stay tuned,...

Britain Cuts Rates to Lowest Since 1694
 Britain Cuts Rates 
 to Lowest Since 1694 
THE RUNDOWN
Aug 4, 2016 9:50 AM CDT

Britain Cuts Rates to Lowest Since 1694

That's when the Bank of England was established

(Newser) - In an attempt to shore up a post- Brexit economy, the Bank of England did something Thursday it hasn't done since 2009: cut interest rates. The rates went from 0.5% to 0.25%, the lowest they've been since the bank's beginnings in 1694, the Atlantic reports....

9 Years, 5 Months, 16 Days Later, Fed Makes Its Move

Janet Yellen and company boost main rate by quarter point

(Newser) - A quarter point. The Fed on Thursday moved to raise interest rates for the first time since June 29, 2006 , and it did so by boosting its key federal funds rate by a modest 0.25%, reports the Wall Street Journal . Fed chief Janet Yellen will lay out the rationale...

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