Breaking News: Economy

Finance

Federal Reserve approves first interest rate hike in more than three years, sees six more ahead

March 17, 2022

The Federal Reserve on Wednesday approved its first interest rate increase in more than three years, an incremental salvo to address spiraling inflation without torpedoing economic growth. After keeping its benchmark interest rate anchored near zero since the beginning of the Covid pandemic, the policymaking Federal Open Market Committee said it will raise rates by […]

Finance

Here’s everything the Federal Reserve is expected to do at its meeting this week

March 16, 2022

Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a House Financial Services Committee hearing in Washington, D.C., U.S., on Wednesday, March 2, 2022. Stefani Reynolds | AFP | Getty Images The Federal Reserve this week faces the monumental challenge of starting to undo its massive economic help at a time when conditions are […]

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Breaking News: Economy

Federal Reserve approves first interest rate hike in more than three years, sees six more ahead

Here’s everything the Federal Reserve is expected to do at its meeting this week