NEW YORK — Wall Street slumped Thursday, despite a blowout profit report from Nvidia, following some mixed reports on the U.S. economy. The S&P 500 dropped 1.3% for its worst loss in three weeks. It nearly wiped out its gain […]
WASHINGTON— The Federal Reserve kept its key interest rate unchanged Wednesday after having raised it 10 straight times to combat high inflation. But in a surprise move, the Fed signaled that it may raise rates twice more this year, beginning […]
NEW YORK — Stocks are slipping Wednesday after the Federal Reserve announced its latest hike to interest rates, while also saying it may not tighten the screws much more on the economy and Wall Street. The S&P 500 was 0.4% […]
WASHINGTON — 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. “The U.S. […]
NEW YORK — Stocks are falling on Wall Street Tuesday after the head of the Federal Reserve warned it could speed up its economy-rattling hikes to interest rates if pressure stays high on inflation. The S&P 500 was 1.2% lower in […]
NEW YORK — Wall Street is slipping on Monday, adding to losses from the end of last week on worries about higher interest rates and inflation. The S&P 500 was 0.7% lower in afternoon trading and on track for a […]
WASHINGTON — The Federal Reserve reinforced its inflation fight Wednesday by raising its key interest rate for the seventh time this year and signaling more hikes to come. But it announced a smaller hike than it had in its past […]
NEW YORK — Wall Street is ticking higher Monday to open a week where central banks are likely to unload the year’s final barrage of interest-rate hikes meant to drive down the world’s painfully high inflation. The S&P 500 was […]
WASHINGTON — Federal Reserve Chair Jerome Powell sought Wednesday to strike a delicate balance at a moment when high inflation is bedeviling the nation’s economy and commanding attention in the midterm elections. Powell suggested that the Fed may decide in the coming […]
NEW YORK — Stocks fell in afternoon trading on Wall Street Wednesday, ahead of what traders expect will be another big interest rate increase from the Federal Reserve. Markets will be watching closely to see what Fed Chair Jerome Powell […]
Stocks closed lower on Wall Street ahead of a key decision on interest rates by the Federal Reserve. The S&P 500 fell 1.1% Tuesday. The Nasdaq composite and the Dow Jones Industrial Average also lost ground. Treasury yields were mostly […]
NEW YORK — Stocks are tumbling in disappointment Friday after the head of the Federal Reserve dashed Wall Street’s hopes that it may soon let off the brakes for the economy. The S&P 500 was 2.6% lower, and on track […]
JACKSON HOLE, Wyoming — Federal Reserve Chair Jerome Powell delivered a stark message Friday: The Fed is determined to fight inflation with more sharp interest rate hikes, which will likely cause pain for Americans in the form of a weaker economy […]
NEW YORK — Stocks rallied Thursday as the countdown clicked closer to zero for a highly anticipated speech about interest rates. The S&P 500 gained 58.35, or 1.4%, to 4,199.12 for its best day in nearly two weeks. Much of […]
WASHINGTON — Higher mortgage rates have sent home sales tumbling. Credit card rates have grown more burdensome, and so have auto loans. Savers are finally receiving yields that are actually visible, while crypto assets are reeling. The Federal Reserve’s move […]
WASHINGTON — The Federal Reserve on Wednesday raised its benchmark interest rate by a hefty three-quarters of a point for a second straight time in its most aggressive drive in three decades to tame high inflation. The Fed’s move will […]
WASHINGTON — Conflicting signs about the health of the U.S. economy have thrust the Federal Reserve into a difficult spot. With inflation raging at a four-decade high, the job market strong and consumer spending still solid, the Fed is under pressure to raise interest rates aggressively. […]
WASHINGTON — Federal Reserve Chair Jerome Powell sought Wednesday to reassure the public that the Fed will raise interest rates high and fast enough to quell inflation, without tightening credit so much as to throttle the economy and cause a […]
WASHINGTON — Federal Reserve Chair Jerome Powell won praise for his deft leadership during the maelstrom of the pandemic recession. As threats to the U.S. economy have mounted, though, Powell has increasingly struck Fed watchers as much less sure-footed. Inflation […]
WASHINGTON — The Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three decades — and signaling more large rate increases […]
NEW YORK — U.S. stocks are falling Friday as Wall Street focuses on the downside of the still-strong U.S. jobs market. The S&P 500 was 1.5% lower in midday trading after a report showed employers hired more workers last month than economists […]
WASHINGTON — The Federal Reserve intensified its fight against the worst inflation in 40 years by raising its benchmark interest rate by a half-percentage point Wednesday — its most aggressive move since 2000 — and signaling further large rate hikes […]
WASHINGTON — Treasury Secretary Janet Yellen and Ukraine’s Finance Minister Serhiy Marchenko walked out of a Group of 20 meeting Wednesday as Russia’s representative started talking. Several finance ministers and central bank governors also left the room, according an official […]
WASHINGTON — Will mortgage rates go up? How about car loans? Credit cards? How about those nearly invisible rates on bank CDs — any chance of getting a few dollars more? With the Federal Reserve signaling Wednesday that it will […]
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