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- Federal Reserve's policymakers are poised to raise their key interest rate again. AP correspondent Jennifer King reports. ((Watch for dating, Federal Open Market Committee announcement expected 2:00 pm EDT))
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Federal Reserve raises rates for 11th time to fight inflation but gives no clear sign of next move
By CHRISTOPHER RUGABER - AP Economics Writer
Tue,07/25/23-7:56PM , 390 Reads
WASHINGTON (AP) — The Federal Reserve raised its key interest rate Wednesday for the 11th time in 17 months as part of its ongoing drive to curb inflation. But it provided little guidance about when — or whether — it might hike rates again.
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- Federal Reserve Chair Jerome Powell speaks after a Federal Open Market Committee meeting, June 14, 2023, at the Federal Reserve Board Building in Washington. The Federal Reserve wraps up its two-day policy meeting on Wednesday, July, 26, 2023. (AP Photo/Jacquelyn Martin, File)
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Key question as Federal Reserve meets: Can the central bank pull off a difficult 'soft landing'?
By CHRISTOPHER RUGABER - AP Economics Writer
Sun,07/23/23-6:08PM , 537 Reads
WASHINGTON (AP) — When Chair Jerome Powell and other Federal Reserve officials gather this week for their latest decision on interest rates, they will do so on the cusp of achieving an elusive “soft landing” — the
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- A food shopper pushes a cart of groceries at a supermarket in Bellflower, Calif., on Monday, Feb. 13, 2023. Over the past 12 months, gas prices have dropped, grocery costs have risen more slowly and used cars have become less expensive.(AP Photo/Allison Dinner, File)
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US inflation hits its lowest point since early 2021 as prices ease for gas, groceries and used cars
By CHRISTOPHER RUGABER - AP Economics Writer
Tue,07/11/23-8:37PM , 493 Reads
WASHINGTON (AP) — Squeezed by painfully high prices for two years, Americans have gained some much-needed relief with inflation reaching its lowest point since early 2021 — 3% in June compared with a year earlier — thanks in part to easing prices for gasoline, airline fares,
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- Construction workers work with rebar at a site on Tuesday June 6, 2023, in New York. On Friday, The U.S. government issues the June jobs report. (AP Photo/Bebeto Matthews, File)
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Cooler hiring in June could help the Fed achieve an elusive 'soft landing' for US economy
By CHRISTOPHER RUGABER - AP Economics Writer
Thu,07/06/23-6:32PM , 112 Reads
WASHINGTON (AP) — Another month, another solid gain for America's job market.
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