Web2 hours ago · Inflation may be cooling because the Federal Reserve's chairman, Jerome Powell, and his colleagues have hiked interest rates from nearly zero to upwards of 4.75% in the past year or so. WebNews about Federal Reserve (The Fed), including commentary and archival articles published in The New York Times.

Federal Reserve Board - News & Events

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US expected to enter recession this year, Federal Reserve says

Web18 hours ago · April 13, 2024 Justin Cooper. The U.S. is expected to enter a recession this year due to effects from recent turmoil in the banking industry, according to a new projection disclosed by the Federal Reserve. Minutes from a March meeting of the Federal Reserve, which manages the U.S. economy, said staff have projected “a mild recession starting ... WebJul 26, 2024 · The latest increase brings the federal funds rate to between 2.25% and 2.50%, which is where it was at its most recent high in summer 2024 before the coronavirus pandemic. This marks the fourth ... WebMar 22, 2024 · WASHINGTON (AP) — The Federal Reserve extended its year-long fight against high inflation Wednesday by raising its key interest rate by a quarter-point despite concerns that higher borrowing rates could worsen the turmoil that has gripped the banking system.. At a news conference, Fed Chair Jerome Powell sought to reassure Americans … facebook marketplace report scam