The Fed’s inflation-fighting policies risk slowing the economy too much and pushing it into a recession.
Wall Street
Posted inBusiness, Nation & World, News
Fed chairman Powell signals increased rate hikes if economy stays strong
The Federal Reserve chair acknowledged that inflation ‘has been moderating in recent months’ but added that ‘the process of getting inflation back down to 2% has a long way to go and is likely to be bumpy.’
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Stocks slide as strong data suggests Fed has more to do
Investors are also weighing several international developments that could further unsettle a global economy that is already getting burned by stubbornly hot inflation.
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Wall Street ends mixed following strong data on wages, jobs
Stocks had been on the upswing for the last month on hopes the worst of the nation’s high inflation may have passed already.
Posted inBusiness
U.S. stock indexes fall as lockdown protests spread in China
Investors have a busy week ahead as they continue monitoring the hottest inflation in decades and its impact on consumers.
Posted inBusiness, News
Stocks gain ground on Wall Street ahead of U.S. holiday
Wall Street has been closely watching the latest economic and inflation data for any signs that might allow the Fed to ease up on future rate increases.
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Stocks fall as Fed signals rates need to go still higher
The Fed has been raising rates aggressively in order to tame inflation by applying the brakes to the economy.
Posted inBusiness, News
Wall Street slips, gives back some of last week’s big gains
Some analysts have called Wall Street’s recent rally overdone.
Posted inBusiness, News
Wall Street rises ahead of election results, inflation data
Stocks are also moving on corporate profit reports, as earnings season enters its tail end.
Posted inBusiness
Wall Street climbs ahead of Election Day, inflation data
Monday’s gains for Wall Street came despite a shaky showing for its most influential stock.