Currently at 5 percent. Federal Reserve officials raised interest rates a quarter of a percent Wednesday. Rates are now at their highest since 2007. This increase is yet another…
Read MoreFederal Reserve Chairman Powell
Federal Reserve Raises Interest Rates Again
The result will be tighter credit options for households. At its meeting on Wednesday, the Federal Reserve raised interest rates to a target range of 4.75% to 5%,…
Read More
Treasury Department Developing Digital Dollar Technology
Legislators are looking at official cryptocurrency. The Treasury Department’s Under Secretary for Domestic Finance, Nellie Liang, said the administration is developing technology that would help create a central bank…
Read More
Fed Rate Hikes Could Come Quicker
Chairman Powell cites an unexpectedly strong economy. The Federal Reserve may speed up interest rate hikes more than expected in their endeavors to combat inflation, Federal Reserve Chairman…
Read MoreFed Chair Says There is a “Long Way to Go” on Inflation
He also calls America’s debt unsustainable. Federal Reserve Chairman Jerome Powell said there is “a long way to go” before economic stability is achieved in the U.S. He…
Read More
Labor Department Reports Higher Job Gains than Expected
The leisure and hospitality industries experience the greatest gains in January. The latest Labor Department jobs report shows the U.S. added 517,000 jobs in January, outstripping the forecast…
Read MoreFederal Reserve Continues to Increase Interest Rates
Half a percent hike is the seventh this year. On Wednesday, the Federal Reserve again increased interest rates, by half a percentage point instead of the three-quarter percentage…
Read More
U.S. Inflation Slowed in November
Dropped more than half a percent from October. The Consumer Price Index released this week shows inflation slowed in November, providing hope that interest rates and prices may…
Read More
November Job Growth Higher Than Expected
Unemployment remains at 3.7 percent. The Bureau of Labor Statistics released figures on Friday that show the economy gaining 263,000 jobs in November, which is higher than economists…
Read More
Inflation Outpaces Wage Increases
Dallas federal reserve bank and labor data shows disparity. Purchasing power in the U.S. is experiencing further shrinkage despite higher wages. The Federal Reserve Bank of Dallas has…
Read More