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PublishedMarch 22, 2023
Federal Reserve raises key rate by a quarter-point despite bank turmoil
The Fed says the U.S. banking system is 'sound and resilient,' but warns that the financial upheaval stemming from the collapse of 2 major banks is 'likely to result in tighter credit conditions' and 'weigh on economic activity, hiring and inflation.'
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PublishedMarch 13, 2023
Bank stocks tumble while others rise on hopes for easier interest rates
The most pressure is on the regional banks a couple steps below in size of the massive, 'too-big-to-fail' banks that helped take down the economy in 2007 and 2008.
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PublishedMarch 7, 2023
Fed chairman Powell signals increased rate hikes if economy stays strong
The Federal Reserve chair acknowledged that inflation 'has been moderating in recent months' but added that 'the process of getting inflation back down to 2% has a long way to go and is likely to be bumpy.'
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PublishedNovember 2, 2022
Fed unleashes another big interest rate hike but hints at a pullback
It is the central bank’s 6th rate hike this year – a streak that has made mortgages and other consumer and business loans increasingly expensive and heightened the risk of a recession.
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PublishedOctober 12, 2022
Late slide sends Wall Street lower in more uncertain trading
Investors worry that stubbornly high prices on everything from food to clothing could lead to a recession.
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PublishedJune 16, 2022
Wall Street tumbles on fears for economy as more rates rise
It fell with stocks across Europe after central banks there followed up on the Federal Reserve’s big interest-rate hike on Wednesday.
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PublishedJune 15, 2022
Fed attacks inflation with its largest interest rate hike since 1994
The move the Federal Reserve announced on Wednesday will increase its benchmark short-term rate, which affects many consumer and business loans, to a range of 1.5% to 1.75%.
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PublishedJune 13, 2022
Wall Street enters a bear market as S&P dives 3.9%
At the center of the sell-off again is the Fed, which is scrambling to get inflation under control.
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PublishedFebruary 24, 2022
Wall Street reels, recovers in wake of Ukraine invasion
Beyond its tragic human toll, the conflict looked set to send prices even higher at gasoline pumps and grocery stores around the world.
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PublishedFebruary 14, 2022
Stocks close lower as Wall Street watches Ukraine tensions
Wall Street is also trying to gauge how stocks and the broader economy will be affected by how far and how quickly the Federal Reserve will move to raise interest rates to quash surging inflation.
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