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Even with the pause, Fed officials suggest further increases may come depending on how close economy gets to 2% inflation targetUS Federal Reserve officials have announced a pause in interest-rate hikes, leaving rates at 5% to 5.25% after more than a y…
Inflation year-over-year in May was down 0.9% compared with April and is the lowest rate since April 2021The prices of goods and services in the US rose 4% over the last year, showing a cooling of prices as the Federal Reserve considers pausing interes…
Annual rate has fallen sharply since hitting 40-year high last June but prices are still rising at a rate over twice the Fed’s targetThe price of goods and services in the US remained stubbornly high in April, rising 4.9.% from a year ago, the labor de…
April broke downward trend in growth of labor market, which has been slowing over the last few monthsUS employers added 253,000 jobs in April, a sign that resilient jobs market remains robust even after a year of Federal Reserve interest rate rises.Lab…
Regulators step in after PacWest and Western Alliance shares plunge as investors fear repeat of First Republic, SVB and Signature failuresUS banks are failing, and the authorities seem unlikely to interveneTrading in the shares of two more regional US …
Central bank announces 10th straight increaseSign up to receive First Thing – our daily briefing by emailJim Clyburn, a key Democratic House representative from South Carolina who served as House majority whip, endorsed fellow Democratic representative…
Monthly consumer price index shows US prices increased at a lower rate in March, though core inflation remains steadyUS prices increased 5% over the last year, the lowest inflation has been since 2021, when prices started to climb.The monthly consumer …
Progressive Democrat launches offensive on politicians on the left and the right who supported Trump-era deregulation of US banksPolitical fall-out in the US from the collapse of Silicon Valley Bank continued on Sunday when leftwing Senator Elizabeth W…
The central bank has lent about half as much aid as it did during the 2008 crisis as banks rush to shore up their financialsCash-short banks have borrowed about $300bn from the Federal Reserve in the past week, the central bank announced on Thursday.Ne…
Analysts say US Federal Reserve will probably reject further increase in borrowing costs next weekLive coverage of Silicon Valley Bank collapseWhy did it collapse and is this the start of a banking crisis?Why Silicon Valley Bank was so important to UK …