"If we have to raise interest rates more over time, we will," Powell said during a hearing of the Senate Banking Committee, which is considering his nomination for a second four-year term. The stark challenge for Powell if he is confirmed for a new term, as expected, was underscored by...
The Fed is widely expected to raise interest rates for the sixth time at its Nov. 1-2 meeting to push the fed funds rate from the current range of 3% to 3.25%, but that isn’t the only thing on investors’ minds. A strengthening dollar and the prospect of aglobal recessionare prompti...
Analysts saw all the comments about economic strength as a clear signal that the Fed remains on track to raise rates two more times this year. "All signs still point to a September rate hike," said Greg McBride, chief financial analyst at Bankrate.com. He said consumers should continue to ...
The Federal Reserve is anticipated to announce an interest rate hike of 0.75 percentage point The Federal Reserve is expected to raise interest rates by 0.75 percentage point – its second hike of that magnitude since June and a first in the "modern era" of Fed policy. The antici...
The rules, which take effect in July 2010, will allow credit card companies to raise interest rates only on new credit cards and future purchases or advances, rather than on current balances. Amid the recession and rising job losses, consumers - even those with strong credit records - have ...
The central bank had already reported that “With inflation well above 2 percent and a strong labor market, the Committee expects it will soon be appropriate to raise the target range for the federal funds rate.” Now, the Fed announced interest rates will remain unchanged. However, a quarter...
On Wednesday, theU.S. central bank left its key interest rateat a 22-year high, in the range of 5.25% to 5.5% and said it would take into account a wide array of data to decide whether it will need to raise rates again to “return inflation to 2% over time.”...
“Loosening its exchange objective would give it greater scope to manage internal demand better, to cut interest rates and to try to spread credit demand on the banking market,” said Rifflart. “That would give (China) the means to regulate its domestic demand,” she said...
The Fed is expected to raise rates next month at the FOMC meeting for the first time since last December. The Beige Book characterizes regional economic conditions and prospects across the 12 Federal Reserve Bank districts based upon a variety of information gathered from busine...
We start to see some overheating in the economy. Then a lot depends on whether the Congress lets Fed be independent or not. Let's say they do. But even in that case, the Fed would have to raise interest rates to keep the economy from overheating and to be commensurate with the high ...