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The Week in Business: The Fed Stays Its Course

Federal Reserve System Inflation (Economics) Interest Rates Powell, Jerome H Recession and Depression Stocks and Bonds United States Economy

The Week in Business: The Fed Stays Its Course

Job growth slowed last month, but remained strong. Elon Musk cleaned house. And the economy will be a big issue in the midterms.

By Marie Solis

Workers Expect Fast Inflation Next Year. Could That Make It a Reality?

Banking and Financial Institutions Federal Reserve System Inflation (Economics) Interest Rates Labor and Jobs Powell, Jerome H United States Economy Wages and Salaries

Workers Expect Fast Inflation Next Year. Could That Make It a Reality?

The Federal Reserve chair is eyeing near-term inflation expectations, which might shape wages — and help keep prices rising rapidly.

By Jeanna Smialek

Fed Ushers In Fourth Jumbo Increase in Interest Rates to Fight Inflation

Banking and Financial Institutions Federal Reserve System Inflation (Economics) Interest Rates Powell, Jerome H Prices (Fares, Fees and Rates) United States Economy

Fed Ushers In Fourth Jumbo Increase in Interest Rates to Fight Inflation

The Federal Reserve has now raised interest rates six times this year as it tries to quash the fastest inflation in decades.

By Jeanna Smialek

Stocks Drop As Fed Leaves Investors Uncertain About Rates

Banking and Financial Institutions Federal Reserve System Government Bonds Interest Rates Powell, Jerome H Standard & Poor's 500-Stock Index Stocks and Bonds

Stocks Drop As Fed Leaves Investors Uncertain About Rates

The Fed chair said the central bank “still has a ways to go” before it will be finished raising interest rates, and that they may go higher than previously anticipated.

By Joe Rennison