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
Jerome Powell, Chair of the Federal Reserve
Jerome Powell, Chair of the Federal Reserve
Read More
Treasury Reports $129 Billion Brought In on Tax Day
Financial analysts watching 2022 tax receipts closely. The Department of the Treasury released the daily financial statement for the annual tax filing deadline last week, showing a total…
Read More
Labor Department Reports Inflation Fell in March
Still higher, at 5 percent, than the Federal Reserve target. The Bureau of Labor Statistics reported last week that inflation decreased one percentage point in March, ending at…
Read More
Senators Questions Fed Banking Regulators
They ask why there was no federal response to the warning signs ahead of the bank’s collapse. The Senate Banking Committee pressed banking regulators on their failure to…
Read More
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
Fed Again Considers Interest Rate Hike
Central bank members meet Wednesday. The two-day policy meeting of the Federal Reserve will meet Tuesday and Wednesday. Among their major considerations are the strains that have come…
Read More
Three U.S. Banks Have Failed
The FDIC, Treasury Department, and Federal Reserve are working together to ensure depositors’ access to funds. The Federal Deposit Insurance Corporation has taken over the Silicon Valley Bank…
Read More
Housing Affordability at Historic Low
Mortgage rates reach 7 percent – housing prices could drop 20 percent. An online real estate marketplace recently reported that barely one in five U.S. households could afford…
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