Reserve

July jobs report doubles expectations

The market read the Federal Reserve all wrong

“We’ve been front-end loading these very large rate increases, and now we’re getting closer to where we need to be,” Fed Chair Jerome Powell told reporters. Of course, Powell said, another “unusually large” increase could be on the table too. But Wall Street looked past that. What came next: Investors cheered Powell’s apparent pivot. The …

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Federal Reserve Bank of Minneapolis CEO says inflation is ‘very concerning’ and ‘spreading out’ across economy

Rep. Kevin Brady discusses how Biden is still denying that the U.S. has entered a recession on ‘Fox Business Tonight.’ The Federal Reserve Bank of Minneapolis CEO and President Neel Kashkari said Sunday that the current state of inflation is “very concerning” and “spreading out more broadly across the economy.”  “It’s very concerning. We keep …

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Federal Reserve hikes interest rates for the fourth time this year

The Federal Reserve took an aggressive step on Wednesday to combat soaring inflation with the announcement of another larger than usual, three-quarters of a percentage point interest rate hike. The increase comes as central banking officials face a tough balancing act: bringing down rising prices amid growing concerns of an economic downturn. The latest increase …

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