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Tag: Federal Reserve

Breaking down the U.S. economy’s mixed signals
Business

Breaking down the U.S. economy’s mixed signals

Breaking down the U.S. economy's mixed signals - CBS News Watch CBS News Unemployment is down. Inflation is up. With the Federal Reserve Board again raising interest rates this week, plus new indications we could be in a recession, the economy is in uncharted waters. And no one seems certain about what's next or what to do. CBS News' chief political analyst John Dickerson helps us add it all up with the help of two experts: Lloyd Blankfein of Goldman Sachs, with the overview; and Michelle Singletary, a personal finance columnist for the Washington Post, with advice for all of us. ...
What the Fed’s latest interest-rate hike means for your money
Business

What the Fed’s latest interest-rate hike means for your money

The Federal Reserve is again using its most potent weapon in trying to douse the hottest inflation in 40 years: interest rate hikes. But the central bank's move Wednesday to further raise borrowing costs means consumers and businesses are grappling with back-to-back increases of three-quarters of percentage point — a double-barrel monetary blast that could make a big impact on your finances. To be sure, the Fed has raised rates in consecutive months before, but two 0.75 percentage-point hikes in a row "is pretty extraordinary," noted Matt Schulz, chief credit analyst at Lending Tree. The Fed hasn't hiked rates by a combined 1.5% percentage points in consecutive meetings since as far back as the 1980s.Today's hike marks the fourth rate increase this year, though inflation still h...
7/28: Red and Blue – CBS News
Politics

7/28: Red and Blue – CBS News

7/28: Red and Blue - CBS News Watch CBS News U.S. economy shrinks for second consecutive quarter; Mega Millions jackpot tops $1 billion Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On Source link
Business analyst discusses impact of federal reserve’s interest rate hike
Business

Business analyst discusses impact of federal reserve’s interest rate hike

Business analyst discusses impact of federal reserve's interest rate hike - CBS News Watch CBS News With the highest inflation rates in four decades, the federal reserve has raised the short-term interest rate for the fourth time this year. CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss the impact this has on borrowers with mortgages, credit card debt and loans. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On Source link
What the Fed’s latest interest-rate hike means for your money
Business

What the Fed’s latest interest-rate hike means for your money

The Federal Reserve is again using its most potent weapon in trying to douse the hottest inflation in 40 years: interest rate hikes. But the central bank's move Wednesday to further raise borrowing costs means consumers and businesses are grappling with back-to-back increases of three-quarters of percentage point — a double-barrel monetary blast that could make a big impact on your finances. To be sure, the Fed has raised rates in consecutive months before, but two 0.75 percentage-point hikes in a row "is pretty extraordinary," noted Matt Schulz, chief credit analyst at Lending Tree. The Fed hasn't hiked rates by a combined 1.5% percentage points in consecutive meetings since as far back as the 1980s.Today's hike marks the fourth rate increase this year, though inflation still h...
Federal Reserve hikes interest rates for the fourth time this year
Business

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 brings the federal funds rate to between 2.25% and 2.50%, which is where it was at its most recent high in summer 2019 before the coronavirus pandemic. This marks the fourth interest rate hike of the year as consumer prices have risen at the fastest pace in more than 40 years. Five months ago, the federal funds rate was near zero percent. At its June meeting, the Federal Open Market Committee raised the federal funds rate...
Fed hikes interest rates again amid recession fears
Business

Fed hikes interest rates again amid recession fears

Fed hikes interest rates again amid recession fears - CBS News Watch CBS News The Federal Reserve made another move to try and tamp down rising prices by raising interest rates by 3/4 of a percentage point, the fourth hike this year. Kris Van Cleave shares the latest. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On Source link
Federal Reserve prepares to announce another rate hike
Business

Federal Reserve prepares to announce another rate hike

Federal Reserve prepares to announce another rate hike - CBS News Watch CBS News In an effort to curb inflation, officials at the Federal Reserve are looking to hike interest rates. Finance correspondent for Insider Aaron Wineman joins CBS News Mornings with what that could mean for American's wallets. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On Source link
Federal Reserve expected to hike interest rate to curb inflation
Politics

Federal Reserve expected to hike interest rate to curb inflation

Federal Reserve expected to hike interest rate to curb inflation - CBS News Watch CBS News The Federal Reserve is expected to hike interest rates for the fourth time since March in an effort to curb inflation and avoid a recession. Kris Van Cleave reports. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On Source link
Interest rate hike expected as Federal Reserve officials gather in Washington this week
Politics

Interest rate hike expected as Federal Reserve officials gather in Washington this week

Investors and economists are bracing for another interest rate hike this week as central bank officials gather in Washington for their July meeting. Their two-day gathering July 26 and 27 comes as the Federal Reserve works to combat soaring inflation that has left families across the country struggling to make ends meet. Economists expect Fed officials will raise the federal funds rate by 75 basis points – bringing the rate to between 2.25% and 2.50%, which is where it was at its most recent high in summer 2019 before the coronavirus pandemic. This will mark the fourth interest rate hike of the year as consumer prices have risen at the fastest pace in more than 40 years. Five months ago, the federal funds rate was near zero percent. At its June meeting, the Federal Open Market C...