All the updated news related to federal reserve

All the news related to federal reserve updated in real time

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World

US economy shrank 0.9% last quarter for its second straight drop

The US economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession. The decline that the Commerce Department reported on Thursday in the ...

28 Jul 2022 at 17:59

World

China calls report it tried to obtain US Federal Reserve data ‘a political lie’

China’s government has rejected as a “political lie” a report by The Wall Street Journal that Beijing tried to recruit informants in the Federal Reserve system to obtain US economic data. The report, citing an investigation by a Senate panel, ...

27 Jul 2022 at 13:00

World

Federal Reserve raises key US interest rate by 0.75%

The US Federal Reserve has raised its benchmark interest rate by 0.75% for the second time in a row in its most aggressive drive in three decades to tame high inflation. The Fed’s move will raise its key rate, which affects many consumer and ...

27 Jul 2022 at 20:14

World

Biden admits nation is weary from Covid, but US in a better place

President Joe Biden acknowledged that the pandemic has left Americans exhausted and demoralised, but insisted at a news conference marking his first year in office that he has “outperformed” expectations. And he said he would likely have to ...

19 Jan 2022 at 23:25

World

Biden calls on Fed to fight inflation as president marks first year in office

At a news conference marking his first year in office, President Joe Biden called on the Federal Reserve to do more to fight inflation by pulling back on its monetary boosting of the US economy. Inflation at nearly a 40-year high has ...

19 Jan 2022 at 22:55

World

US Federal Reserve could keep lifting rates sharply ‘for some time’, says Powell

Federal Reserve chairman Jerome Powell has delivered a stark message, saying the Fed is likely to impose more large interest rate hikes in coming months and is resolutely focused on taming the highest inflation in four decades. Mr ...

26 Aug 2022 at 17:33

World

European Central Bank slows pace of interest rate hikes

The European Central Bank has slowed its record pace of interest rate hikes only slightly, joining the US Federal Reserve and other central banks around the world in reinforcing an inflation crackdown. The Bank of England and ...

15 Dec 2022 at 13:34

World

Slowdown in US inflation eases pressure on households

Inflation in the United States slowed again last month in the latest sign that price increases are cooling despite the pressures they continue to inflict on American households. Consumer prices rose 7.1% in November from a ...

13 Dec 2022 at 18:02

World

US Senate confirms Powell for second term as Fed fights inflation

The US Senate has confirmed Jerome Powell for a second four-year term as Federal Reserve chair, giving bipartisan backing to Mr Powell’s high-stakes efforts to curb the highest inflation in four decades. The 80-19 vote ...

12 May 2022 at 20:55

Bank of England decision-maker repeats call for higher interest rates

A key Bank of England decision-maker has warned that drops in the value of the pound could push up inflation further and called for higher interest rates in response. Catherine Mann, who sits on the nine-person ...

20 Jun 2022 at 16:31

Interest rates expected to rise again – marking the highest level since 2008

Britain’s interest rates are expected to rise to the highest level since 2008. According to economists and the financial markets, the base rate will rise for the 12th consecutive time as inflation continues to ...

11 May 2023 at 06:47

Bank of England set to raise interest rates for 12th time in a row

UK interest rates are expected to rise further this week as inflation remains stubbornly high, economists have said. Experts and the financial markets widely expect the base rate to rise from 4.25% to 4.5% on ...

10 May 2023 at 21:05

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