The Federal Reserve is likely to raise interest rates more than the markets now expect, says Ricardo Reis, an economist at the London School of Economics. “Markets are going to Read more
Tag: interest
Fed’s Kashkari backs interest rate hikes ‘at least the next few meetings’
The Federal Reserve should keep raising its policy interest rate until it is confident inflation has peaked and that means interest rate hikes “at least at the next few meetings,” Read more
N.Y. Fed president reiterates that interest rates are going as high as necessary
N.Y. Fed president reiterates that interest rates are going as high as necessary
Fed hikes interest rate by half percentage point — benchmark rate seen topping out at 5.25%
The Federal Reserve on Wednesday raised its benchmark interest rate by 0.5 percentage point and signaled more tightening next year. The half-point increase brings the Fed’s federal funds rate up Read more
U.S. inflation slows again, CPI shows, as Fed prepares to raise interest rates
The numbers: The cost of living rose a scant 0.1% in November, the latest in a string of mild readings that suggest the worst U.S. inflation in 40 years is Read more
U.S. budget deficit narrows sharply in October
The numbers: The U.S. federal budget deficit narrowed to $87.8 billion in October, down from $165.1 billion in the same month last year, the Treasury Department said Wednesday. This is Read more
Fed’s George argues for ‘steady, deliberate’ interest rate hikes
The Federal Reserve should consider slowing down to “steady and deliberate” interest-rate increases, said Kansa City Fed President Esther George on Thursday. “A more measured approach to rate increases may Read more
Mester says Fed needs to keep interest rates higher for longer to cool inflation
The president of the Cleveland Federal Reserve welcomed “some easing” in U.S. inflation, but she also said the central bank needs to keep raising interest rates until price pressures dissipate Read more
Who really suffers when interest rates rise?
The Federal Reserve is raised interest rates by 75 basis points on Nov. 2 for the fourth consecutive time in its efforts to cool a hot economy. Federal Reserve Chairman Read more
The auto market was already reeling; now higher interest rates mean only the wealthy can afford a new car
The Fed is making new cars something only the wealthy can afford. The Fed has moved the rate by a total increase of 375 basis points this year — a Read more