With prices rising at their fastest pace in a generation, the Federal Reserve hopes another aggressive rate hike will help it get high inflation under control.
— more than Wall Street expected, which brought the total number of jobs added in the first half of the year to 2.7 million.According to Freddie Mac
Later this week, the Commerce Department will release its quarterly report card on economic growth. In the first three months of the year, gross domestic product shrunk by 1.4%. Economists know that data distortions tend to diminish over time. The U.S. Department of Labor revises its monthly jobs numbers, for instance, and the GDP figures we'll get on Thursday are only the Commerce Department's first estimate.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Another big rate hike coming today as Fed battles inflation. Economy hangs in balanceWith prices rising at their fastest pace in a generation, the Federal Reserve hopes another aggressive rate hike will help it get high inflation under control.
Read more »
Fed set to impose another big rate hike to fight inflationFor now, the Fed is focused squarely on its inflation fight, and this week it’s set to announce another hefty hike in its benchmark interest rate.
Read more »
Fed set to impose another big rate hike to fight inflationFederal Reserve Chairman Jerome Powell Wednesday will address the Fed's plans to raise interest rates until inflation falls, even if it possibly slows economic growth.
Read more »
Fed poised to hike rates by three-quarters of a percentage point to fight inflationThe increase will be the Fed’s fourth rate hike to help cool down the economy and lower prices, which are surging at 40-year highs.
Read more »
Asian markets follow Wall Street lower ahead of likely Fed rate hikeAsian stock markets followed Wall Street lower Wednesday as traders prepared for a possible sharp interest rate hike from the Federal Reserve to cool inflation.
Read more »
How to prepare for the Fed's next interest rate hikeThe U.S. Federal Reserve is poised to raise interest rates for a fourth time since March. Financial advisors are sharing advice ahead of the next hike.
Read more »