The Federal Reserve resumed raising interest rates for the 11th time on Wednesday at a range of 5.25 to 5.5% in its campaign to curb inflation, although it is no longer forecasting a recession in 2023.
Slammed by critics for being slow to respond to mounting price pressures, the Federal Reserve has unleashed the most aggressive tightening campaign since the 1980s.
As many as 200,000 jobs may be lost in the health-care sector over the next year and employers will slow investment as they wait to see Trumps clear plan for reform.
Companies from Texas to Virginia and Nebraska are struggling to fill positions with metropolitan jobless rates below the 5.2 percent to 5.6 percent level the Federal Reserve regards as full employment nationally.
Feeble returns on the safest investments such as bank deposits and fixed-income securities represent a financial repression transferring money from savers to borrowers, says Bill Gross, manager of the worlds biggest bond fund.
DebugScreen: mobile
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{
"uri": "/2023/07/27/fed-hikes-interest-rates-to-22-year-high-leaves-door-open-for-more/",
"title": "Fed hikes interest rates to 22-year high, leaves door open for more",
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"summary": "The Federal Reserve resumed raising interest rates for the 11th time on Wednesday at a range of 5.25 to 5.5% in its campaign to curb inflation, although it is no longer forecasting a recession in 2023.",
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{
"uri": "/2022/10/17/fed-worried-about-risks-of-doing-too-little-on-inflation-412-137704/",
"title": "Federal Reserve officials worried about not doing enough to curb inflation",
"byline": "Craig Torres and Steve Matthews",
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"summary": "Slammed by critics for being slow to respond to mounting price pressures, the Federal Reserve has unleashed the most aggressive tightening campaign since the 1980s.",
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{
"uri": "/2019/04/19/from-smoking-pot-to-political-heat-federal-reserve-history-yields-some-gems/",
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"summary": "Recollections of steering the world's most powerful central bank, from the Fed's oral history project to mark its centennial in 2013.",
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{
"uri": "/2019/03/26/fed-researcher-warns-climate-change-could-spur-financial-crisis/",
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"summary": "Larger and more frequent macroeconomic shocks associated with weather events amplified by climate change. ",
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{
"uri": "/2016/12/02/trumps-health-care-reform-uncertainty-could-see-jo/",
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"prettyDate": "December 02, 2016",
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"summary": "As many as 200,000 jobs may be lost in the health-care sector over the next year and employers will slow investment as they wait to see Trumps clear plan for reform.",
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{
"uri": "/2016/02/11/yellen-suggests-fed-may-delay-rate-rises-not-aband/",
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"byline": " Rich Miller and Steve Matthews, Bloomberg ",
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"summary": "Federal Reserve Chair Janet Yellen suggested that the central bank might delay, but not abandon, planned interest-rate increases.",
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"uri": "/2015/10/27/age-discrimination-is-widespread-in-job-market-stu/",
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"summary": "Older women are being discriminated against in the job market, as are some older men, a study says.",
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"summary": "Members of the millennial generation, the estimated 85 million born from 1981 through 2000, prove less restless than their forebears.",
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{
"uri": "/2014/04/16/tightening-job-market-prompts-higher-pay/",
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"summary": "Companies from Texas to Virginia and Nebraska are struggling to fill positions with metropolitan jobless rates below the 5.2 percent to 5.6 percent level the Federal Reserve regards as full employment nationally.",
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{
"uri": "/2014/03/25/pimco-founder-gross-sees-financial-repression/",
"title": "PIMCO founder Gross sees ‘financial repression’",
"byline": "Jeff Kearns, Steve Matthews and Katherine Peralta",
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"summary": "Feeble returns on the safest investments such as bank deposits and fixed-income securities represent a financial repression transferring money from savers to borrowers, says Bill Gross, manager of the worlds biggest bond fund.",
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}
