US industrial output jumps in July on solid manufacturing gain

US industrial output jumps in July on solid manufacturing gain

This post was originally published on this site A solid rebound in American manufacturing, especially vehicles, following two months of declines, help push overall industrial production up in July, the Federal Reserve said Tuesday. A massive 6.6 percent surge in motor vehicle and parts production was a key driver the...

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Fed poised to hike rates by three-quarters of a percentage point to fight inflation

Fed poised to hike rates by three-quarters of a percentage point to fight inflation

This post was originally published on this siteThe increase will be the Fed’s fourth rate hike to help cool down the economy and lower prices, which are surging at 40-year highs.

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Democrats warn Fed’s rate hikes may trigger recession

Democrats warn Fed’s rate hikes may trigger recession

This post was originally published on this siteSenate Democrats are calling on the Federal Reserve to proceed cautiously on raising interest rates when board members meet this week, warning that fighting inflation too aggressively could hurt the economy. Gross domestic product (GDP) data for the second quarter will be published...

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Fed official signals willingness to hike interest rates full percentage point

Fed official signals willingness to hike interest rates full percentage point

This post was originally published on this site US Federal Reserve Governor Christopher Waller signaled Thursday he may support a full percentage point interest rate hike this month — the biggest increase in more than 30 years and a further indication of the central bank’s determination to crush sky-high inflation....

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Fed’s Inflation Dashboard Puts More Weight on Volatile Energy, Food Prices

Fed’s Inflation Dashboard Puts More Weight on Volatile Energy, Food Prices

This post was originally published on this siteConcerns that consumers could begin to expect higher inflation to last longer spur a more aggressive rate-rise path.

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Is it too late to prevent a recession? Here’s what experts say

Is it too late to prevent a recession? Here’s what experts say

This post was originally published on this siteRecession odds are growing as investors fear the Fed’s interest rate hikes will be too fast and too big, bringing the economy to a screeching halt.     

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The US Economy Is Headed for a Hard Landing

The US Economy Is Headed for a Hard Landing

This post was originally published on this siteA recession is coming within 12 to 18 months as the Fed focuses on curbing inflation.

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Economists look past the Fed to fight inflation

Economists look past the Fed to fight inflation

This post was originally published on this siteEconomists are looking beyond the Federal Reserve and thinking outside the box of monetary policy for ideas on how to fight inflation. With gas prices soaring, they are focusing largely — though not exclusively — on the energy industry and are increasingly coming...

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Here’s everything the Fed is expected to announce, including the biggest rate hike in 28 years

Here’s everything the Fed is expected to announce, including the biggest rate hike in 28 years

This post was originally published on this site   US Federal Reserve Chairman Jerome Powell speaks during a press conference in Washington, DC on May 4, 2022. jim watson | AFP | Getty Images On Wednesday, the Federal Reserve is expected to do something it hasn’t done in 28 years:...

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S&P 500 heads toward bear market amid global stock sell-off

S&P 500 heads toward bear market amid global stock sell-off

This post was originally published on this siteInvestors are rattled by higher-than-expected inflation data ahead of the Federal Reserve board’s two-day meeting.

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