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St. Louis Fed’s Bullard says the central bank should raise rates above 3% this year
James Bullard David Orrell | CNBC St. Louis Fed President James Bullard said Friday he thinks the central bank should raise interest rates the equivalent of 12 times this year to convince the public it is serious about fighting inflation. As the lone dissenter at this week’s Fed meeting, Bullard said in a statement that […]
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Fate of hundreds of civilians in bombed Mariupol theater unclear; Ukraine’s Zelenskyy calls out German lawmakers
U.S. Defense Secretary Austin says enforcing a no-fly zone would mean ‘combat’ with Russia U.S. Secretary of Defence Lloyd Austin and Slovakia’s Defence Minister Jaroslav Nad attend a news conference in the Ministry of Defence of the Slovak Republic in Bratislava, Slovakia, March 17, 2022. Radovan Stoklasa | Reuters U.S. Defense Secretary Lloyd Austin reiterated […]
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Federal Reserve approves first interest rate hike in more than three years, sees six more ahead
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 […]
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Biden calls Putin a ‘war criminal’; NATO chief demands Russia stop the war
Russian invasion ‘largely stalled on all fronts,’ says UK ministry Russian forces have made “minimal” progress in their invasion of Ukraine in recent days and continue to suffer heavy losses, the U.K. Ministry of Defence said Thursday. “The Russian invasion of Ukraine has largely stalled on all fronts,” including land, sea and air, the ministry […]
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Dow jumps 500 points in relief rally after Fed announces first rate hike since 2018
Stocks rallied in a wild session after the Federal Reserve raised rates and said it would hike another six times this year. The Dow Jones Industrial Average rose 518.76 points, or 1.5%, to 34,063.10 after turning red initially following the release of the Fed’s statement. It swung within a 576-point range on the session. The […]
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Biden heading to Brussels for NATO meeting; two Fox News journalists killed in Ukraine
Tue, Mar 15 202211:18 PM EDT Russia military ‘struggling’ to conduct operations as losses mount Russia is transferring troops to Ukraine from as far away as its Pacific Fleet and is recruiting more mercenaries as it tries to replace lost personnel, according to an assessment from the U.K. Defence Ministry. “As a result of these […]
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Here’s everything the Federal Reserve is expected to do at its meeting this week
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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Russia-Ukraine talks done for the day; EU agrees to fresh sanctions
Mon, Mar 14 20228:39 PM EDT Anti-war protester in studio disrupts live Russian state TV news The evening news broadcast on the main Russian news channel, Channel 1 is seen on a laptop as it is interrupted by a woman protesting the war in Ukraine in this illustration photo on 15 March, 2022 in Warsaw, […]
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Ukraine claims it downed Russian aircraft; UN says at least 596 civilians have died in Ukraine
Mon, Mar 14 20223:01 AM EDT Ukraine says it shot down 8 Russian military aircraft on Sunday Ukraine’s Air Force Command claims it downed eight Russian military aircraft on Sunday, including four fixed-wing aircraft. The command said on Facebook that it used anti-aircraft missiles to take down four planes, three helicopters and an unmanned aerial […]
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