The Federal Reserve has now raised interest rates six times this year as it tries to quash the fastest inflation in four decades.
Tag: Banking and Financial Institutions
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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 done raising interest rates, and that rates may go higher than previously anticipated.
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Fed Faces Tough Decisions as Inflation Lingers and Economic Risks Loom
The central bank is expected to raise rates three-quarters of a point today, but what it says about its next steps will be even more important.
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Oleg Tinkov, Former Banking Tycoon, Renounces Russian Citizenship
The multimillionaire said on Instagram that he “can’t and won’t be associated with a fascist country.”
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Jerome Powell Is Popular. His War on Inflation Could Change That.
Jerome H. Powell, who is well liked across the political spectrum, is presiding over the fastest interest rate increases in generations, with another one expected this week.