The Federal Reserve is striking a more hawkish tone one week after the Federal Open Market Committee (FOMC) raised interest rates by 25 basis points for the first time since 2018. If the economic data support a half-percentage-point increase in interest rates, New York Fed Bank President John Williams would endorse the hike. But Williams […]
Text size New electric cars at the official opening of the new Tesla manufacturing plant on March 22 in Germany. Christian Marquardt/Getty Images AT You’re here Model S Plaid can go from 0 to 60 in just two seconds. Tesla’s stock can gain more than 30% in less than two weeks. Tesla (ticker: TSLA) has […]
Text size New electric cars at the official opening of the new Tesla manufacturing plant on March 22 in Germany. Christian Marquardt/Getty Images AT You’re here Model S Plaid can go from 0 to 60 in just two seconds. Tesla’s stock can gain more than 30% in less than two weeks. Tesla (ticker: TSLA) has […]
When the pandemic first hit, Celeste Lyons quit her job at a law firm in Connecticut and started to hunker down at home, living off retirement savings and an inheritance from her parents as she tried to avoid getting sick. She wanted to work again eventually, but nearly two years went by before Lyons, 63, […]
Rarely has there been such a pronounced divergence in opinion about the Federal Reserve’s strategy as there is now, after the central bank tightened its monetary policy and updated its stale economic projections from late last year. As expected, the Federal Open Market Committee raised its federal-funds rate target range this past week by one-quarter […]
Text size Fed Chair Jerome Powell will host a press conference at 2:30 pm Eastern. Graeme Jennings/POOL/AFP via Getty Images After a brief bout of weakness, the stock market ended the day sharply higher after the Federal Reserve raised interest rates by a quarter-point and signaled that another six could follow. It was a wild […]
Text size Russia continues to attack Ukraine. Above, a resident carries belongings out of a heavily damaged apartment building in Kharkiv on Sunday. AFP via Getty Images Stocks gave up earlier gains Monday, as investors monitored continued talks between Russia and Ukraine ahead of Wednesday’s decision from the Federal Reserve. Technology stocks were hit hard. […]
The US economy faces mounting threats from abroad as the war in Ukraine and a COVID-19 surge in China threaten to stoke inflation and slow growth. While most economists say the US is still on track for stellar job gains and sturdy economic growth this year, the risks of a slowdown have spiked over the […]
Rising food prices could lead consumers to expect higher inflation, becoming a self-fulfilling prophesy. Here, a market in Brooklyn, NY, on a recent day. Spencer Platt/Getty Images Text size The latest increase in consumer prices is worse than it looks, and it may only be the start. The consumer price index jumped 7.9% in February […]
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