Powell's inflation miscalculation raises stakes on rate shift

The Federal Reserve chair needs to convince markets he means business when he addresses the landmark conference of economists on Friday.
3 years ago
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Fed's Powell vows to battle high inflation to avoid ‘far greater pain’

In a closely watched speech, the Fed chair foreshadowed not only further interest rate increases but also warned that rates might need to stay high for some time to ensure price spikes do not persist.
3 years ago
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‘We’re in a housing recession’

The housing market has cooled so much as the Fed withdraws its support for the economy that some analysts say it may be in a slump.
3 years ago
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Powell’s warning of ‘pain’ could bring pain on the Fed itself

The government will offer another indication of whether the hurt has already begun when it reports on August unemployment.
3 years ago
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G-7 announces price cap deal on Russian oil in win for Yellen

The plan touted by the U.S. Treasury secretary aims to diminish the Kremlin's revenue while preserving the global oil supply.
3 years ago
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House Dem campaign chief warns the majority at risk without message reboot

“We’re not trying to hide this,” the Democratic Congressional Campaign Committee's executive director said.
4 years ago
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U.S. jobless claims near pandemic low as economy strengthens

Thursday's report from the Labor Department showed that jobless claims fell to 375,000 from 387,000 the previous week.
4 years ago
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