Powell

Federal Reserve Chair Jerome Powell outlined his most aggressive approach to taming inflation to date, potentially endorsing two or more half ...

With inflation running roughly three times the Fed's 2% target, "it is appropriate to be moving a little more quickly", he says.

United Airlines Holdings and American Airlines Group climbed 9.3 per cent and 3.8 per cent respectively, after they predicted a return to profit in the current quarter due to booming travel demand. The 1.7 per cent fall in the broader technology index was one of the worst among the sectors, with all 11 major industries ending lower. Tesla, the world's most valuable automaker, rose 3.2 per cent after its results beat Wall Street expectations as higher prices helped it overcome supply chain chaos and rising costs. Meta Platforms declined 6.2 per cent, taking its losses in the last two days to 13.5 per cent. Energy was hit the hardest, despite crude prices gaining. Netflix slumped 3.5 per cent, taking its market capitalisation below the $100 billion mark for the first time since January 2018.

Federal Reserve Chairman Jerome Powell confirmed on Thursday afternoon that the U.S. central bank will be considering a more aggressive path of monetary ...

Speaking as part of a panel of top economic policy officials for a debate on the global economy, Powell said a half-point interest-rate increase “will be on the table” during the May policy meeting and noted that many central bank officials already felt such a move was appropriate during... Federal Reserve Chairman Jerome Powell confirmed on Thursday afternoon that the U.S. central bank will be considering a more aggressive path of monetary policy tightening when officials meet for their next policy meeting in less than two weeks. Fed’s Powell Puts Half-Point Rate Hike on the Table for May

A half-point interest rate increase "will be on the table" when the Federal Reserve meets on May 3-4 to approve the next in what are expected to be a series ...

We are going to be raising rates." But undercutting the rapid pace of price increases, which have more than offset wage gains for most Americans and become a pressing political issue as well, is "absolutely essential" Powell said. "It is going to be very challenging." The interest rate on the 2-year Treasury note, the maturity most sensitive to expectations about Fed policy, rose above 2.7% for the first time since December 2018. That would take the Fed's target rate beyond the "neutral" level and into territory that would begin to restrict economic activity, marking one of the faster turnarounds of U.S. monetary policy. In addition, the Fed is expected to begin reducing its asset holdings in a step that will further tighten credit conditions for businesses and households.

Jerome Powell spoke at a moment of high inflation and economic uncertainty amid the war in Ukraine.

Federal Reserve Chair Jerome Powell blessed a half-point interest-rate hike next month and signaled support for further aggressive tightening to curb ...

Wall Street's ended lower on Thursday, with the Nasdaq dropping more than 2%, as investors reacted to Federal Reserve officials including Chair Jerome ...

read more read more Energy (.SPNY) was hit the hardest, despite crude prices gaining. read more read more It was the second day of declines for the streaming giant after its quarterly earnings revealed a first drop in subscriber numbers in a decade, with further falls likely. Meta Platforms Inc (FB.O) declined 6.2%, taking its losses in the last two days to 13.5%. Netflix Inc (NFLX.O) slumped 3.5%, taking its market capitalization below the $100 billion mark for the first time since January 2018. Bond yields also breached fresh multi-year peaks. All three major indexes opened higher, boosted by strong results from heavyweight Tesla (TSLA.O) and airline operators. read more

Welcome to Friday, Americas. Here's the latest news and analysis from Bloomberg Economics to help you start the day:

It's a strategy that bears considerable risk for US workers and the economy's overall growth prospects in months ahead, as well as for the Fed itself in a year ...

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Jerome Powell also indicated similar rate rises could follow, saying the central bank could move more quickly to raise interest rates than it has in the ...

- Saks Fifth Avenue:$20 off sitewide + free shipping - Saks Fifth Avenue coupon You may cancel your subscription at anytime by calling Customer Service. A half-point increase would be the first such move since 2000.