WalletHub survey: Most Americans unprepared for recession
More than half of Americans (56%) say they are not financially prepared for a recession, while 40% remained concerned about ...
Tag: Interest rates
Fed’s Jefferson: Inflation remains too high
While inflation has come down substantially since last summer, it is still too high, and by some measures progress has ...
FOMC minutes: Banking sector woes further cloud economic outlook
The economic fallout from last month’s bank closures failures led some Federal Open Market Committee members to support a lower ...
ABA report: Consumers managing credit well despite continued headwinds
Consumers continued to manage their credit well despite economic headwinds in the third quarter of 2022, according to the latest ...
Powell expects Fed to pick up pace of rate hikes
Recent economic data suggests the Federal Reserve will need to continue to raise interest rates this year to slow inflation ...
Gruenberg: Rising interest rates could cut into bank profitability
The current interest rate environment has had “dramatic effects” on the profitability and risk profiles for banks’ funding and investment ...
FOMC minutes: Most members favored a lower rate increase
Nearly every member of the Federal Open Market Committee agreed to raise the federal funds rate by 25 basis points ...
FOMC raises rates by 25 basis points
The Federal Open Market Committee this week announced it would raise the target range for the federal funds rate by ...
Fed raises rates by 50 basis points
The Federal Open Market Committee today announced it would raise the target range for the federal funds rate by 50 ...
Powell signals Fed will slow pace of rate increases
In a speech today, Federal Reserve Chairman Jerome Powell said while inflation remains persistently high, the Federal Open Market Committee ...
