• Watch Federal Reserve Chairman Jerome Powell take questions after central bank hikes rates and points to more tightening ahead

    11 monthes ago - By CNBC

    Fed Chairman Jerome Powell fielded comments from reporters after the central bank concluded its meeting Wednesday.
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  • Fed's Powell says he will begin press conferences following each meeting starting in January

    11 monthes ago - By CNBC

    Federal Reserve Chairman Jerome Powell held his quarterly news conference Wednesday at the conclusion of the central bank's two-day meeting.
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  • Fed lifts rates amid stronger inflation, drops crisis-era guidance

    11 monthes ago - By Reuters

    WASHINGTON - The Federal Reserve raised interest rates on Wednesday, a move that was widely expected but still marked a milestone in the U.S. central bank's shift from policies used to battle the 2007-2009 financial crisis and recession.
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  • Here comes the Fed

    Here comes the Fed

    11 monthes ago - By Business Insider

    The Federal Reserve is widely expected to announce in a statement at 2 p.m. ET that it decided to raise interest rates.
    After a two-day meeting, the Federal Open Market Committee likely lifted the target range for the federal funds rate by 25 basis points to 1.75%-2%.
    It would be the seventh rate hike since late 2015, when the Fed first started the process of lifting interest rates from almost zero. It kept borrowing costs that low after the financial crisis to encourage businesses and consumers to spend and grow the economy.
    A decade after the recession, the Fed has made progress on its...
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  • With Eye on Fed Funds Rate, Central Bank Likely to Adjust IOER

    11 monthes ago - By Economy

    Two dominant players in the fed funds market could cause the central bank some headaches.
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