Credit defaults in the United States are expected to soar as borrowing costs continue to rise amid an “extremely high” risk of recession, a group of finance industry leaders is warning.
A key inflation gauge dropped slightly in May but remains stuck at a level that is more than double the target set by the Federal Reserve.
Federal Reserve Chairman Jerome Powell has insisted that curbing inflation and restoring stability to the U.S. dollar is one of the Fed’s highest priorities.
Federal Reserve Chairman Jerome Powell has warned that the central bank will continue raising interest rates to combat elevated inflation until it comes down.
This week’s two-day Federal Reserve policy meeting is a major focus point for investors, with markets expecting the central bank to press ahead with a sharp rate hike in an effort to relieve surging inflationary pressures.
Federal Reserve Bank of St. Louis President James Bullard is calling for the Fed to raise interest rates above three percent before the end of 2022.
West Virginia Democrat Sen. Joe Manchin has dropped the hammer on President Joe Biden by announcing he will vote against his Federal Reserve nominee.
Senate Republicans have boycotted a vote on Democrat President Joe Biden’s nominees to fill vacant seats on the Federal Reserve Board.
Consumer prices in America have skyrocketed to the highest rate in 40 years as inflation explodes under Democrat President Joe Biden’s economy.
Bitcoin will dominate the cryptocurrency market in 2022, with BTC outpacing traditional stocks thanks to the U.S. Federal Reserve’s new policies, according to a new report.