Federal Reserve

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Fed Announces Biggest Rate Hike This Century
Fed Announces Biggest
Rate Hike Since 1994
UPDATED
Jun 15, 2022 2:49 PM CDT

Fed Announces Biggest Rate Hike Since 1994

Benchmark rate is going up by three-quarters of a point

(Newser) - This story has been updated with Powell's remarks. The Federal Reserve, fighting to tame inflation, is raising its key interest rate by three-quarters of a point—triple the usual amount, and the biggest hike since 1994. Fed Chairman Jerome Powell dismissed the idea of a rate hike this size...

Tech Stocks Hit Wrong Kind of Milestone


Is the Tech
Bubble
Bursting?
May 10, 2022 6:30 AM CDT

Is the Tech Bubble Bursting?

Leading companies have lost $1T in value in just 3 days, reports CNBC

(Newser) - Soaring tech stocks hit all kinds of milestones as they led a market resurgence. Now comes a milestone of the opposite variety: CNBC reports that the biggest companies in the sector have lost a combined $1 trillion in value in just the last three days of trading. Apple has fared...

Wall Street Is Having a Rough Day
It's Been a Brutal
Morning on Wall Street
MARKETS
May 5, 2022 11:00 AM CDT

It's Been a Brutal Morning on Wall Street

Dow falls more than 1K, and tech stocks are cratering a day after Fed move

(Newser) - Stocks are slumping in a big way on Wall Street, erasing a rally from a day earlier as markets assess the looming fallout from the Federal Reserve's stepped-up fight against inflation. Around noon, the Dow had fallen more than 1,100 points, or 3.2%, and the S&P...

After Fed Chair's Remarks, Stocks Soar to Biggest Gain in 2 Years

Jerome Powell downplayed chances of even bigger rate increase

(Newser) - Stocks soared to their biggest gain in two years Wednesday and bond yields dropped after Federal Reserve Chair Jerome Powell downplayed the likelihood of an even larger rate increase than the one announced Wednesday. That allayed concerns that the central bank was on its way to a massive increase of...

Federal Reserve Announces Biggest Rate Hike in 22 Years

Benchmark interest rate is going up by a half-point

(Newser) - In a widely expected move, the Federal Reserve has raised its key interest rate by a half-percentage point, the first time it has done so since 2000. The Fed, which is fighting to tame inflation, signaled that there will be more large rises in its benchmark short-term interest rate to...

Investors Are 'Positioning' Ahead of Fed Rate Decision

Indexes edged higher Tuesday

(Newser) - Stock closed modestly higher on Wall Street Tuesday as investors await Wednesday’s decision by the Federal Reserve on interest rates. The S&P 500 rose 20.10 points, or 0.5%, to 4,175.48. The Dow Jones Industrial Average rose 67.29 points, or 0.2%, to 33,...

Stocks Drop After Minutes From Fed Meeting Released

Tech stocks were the biggest drag on the market

(Newser) - Stocks fell and bond yields rose on Wall Street Wednesday after details from last month’s Federal Reserve meeting showed the central bank intends to be aggressive in its efforts to fight inflation. Minutes from the meeting show that policymakers agreed to begin cutting the Fed’s stockpile of Treasurys...

Fed Might Do What It Hasn't Done in 22 Years

Jerome Powell floats possibility of half-point hike in interest rates

(Newser) - Chair Jerome Powell said Monday that the Federal Reserve would raise its benchmark short-term interest rate faster than expected if it decides that this would be necessary to slow rampaging inflation, per the AP . His comments did not please the markets. Immediately afterward, the major indexes fell noticeably, with the...

Stocks, Bond Yields Rise Sharply After Fed Announcement

S&P 500 jumped 2.2%

(Newser) - Stocks shook off an afternoon stumble and ended higher on Wall Street Wednesday after the Federal Reserve announced its first interest rate hike since 2018. Bond yields also rose as the Fed started to shift its policy to fighting inflation, the AP reports. The S&P 500 rose 95.41...

Fed Confirms Big Move to Tame Inflation

Benchmark interest rate is going up for the first time since 2018

(Newser) - The Federal Reserve, in the first of what is expected to be a series of hikes, is raising its key short-term interest rate by a quarter-point from near zero. The central bank, which is fighting to tame the worst inflation in 40 years, signaled Wednesday that there could be up...

Biden Fed Nominee Withdraws After Manchin Says No

Biden says Sarah Bloom Raskin was 'subject to baseless attacks'

(Newser) - Update: Sarah Bloom Raskin has withdrawn from consideration for a key post on the Federal Reserve's board of governors, handing Sen. Joe Manchin another win. The Democrat joined all 50 Republicans in the Senate Monday in opposition to confirming Bloom at the Fed's top banking regulator. In a...

S&amp;P 500 Shakes Off Slump After Fed Releases Minutes
Minutes From Fed Meeting
Give Markets a Boost
MARKETS
Feb 16, 2022 4:24 PM CST

Minutes From Fed Meeting Give Markets a Boost

Central bank is ready to raise interest rates

(Newser) - Stocks shook off an early slump and ended mixed on Wall Street Wednesday after minutes from the Federal Reserve’s latest meeting showed policymakers still leaning toward moving decisively to fight inflation. The S&P 500 wound up with a slight gain, while the Dow Jones Industrial Average and the...

Key Inflation Measure Hits a 39-Year High

Meanwhile, consumer spending fell 0.6% last month

(Newser) - A measure of prices that is closely tracked by the Federal Reserve rose 5.8% last year, the sharpest increase since 1982, as brisk consumer spending collided with snarled supply chains to raise the costs of food, furniture, appliances, and other goods. The report Friday from the Commerce Department also...

Bounce Back for US Economy in 2021 Was a Major One

Nation's GDP saw strongest calendar-year growth since the Reagan years

(Newser) - The US economy grew last year at the fastest pace since Ronald Reagan's presidency, bouncing back with resilience from 2020's brief but devastating coronavirus recession. The nation's gross domestic product—its total output of goods and services—expanded 5.7% in 2021. It was the strongest calendar-year...

Stocks Give Up Gains After Fed Signals Rate Hike
Gains Evaporate After
Fed Signals Rate Hike
MARKETS
Jan 26, 2022 3:44 PM CST

Gains Evaporate After Fed Signals Rate Hike

S&P 500 gave up early gain of 2.2%

(Newser) - An early market rally gave way to a broad slide for stocks and a surge in bond yields Wednesday after the Federal Reserve signaled it plans to begin raising interest rates "soon" to fight a spike in inflation that the central bank says is probably getting worse. Fed Chair...

Fed Signals It Will Raise Rates as Soon as March

It will phase out its monthly bond purchases as well

(Newser) - The Federal Reserve signaled Wednesday that it plans to begin raising its benchmark interest rate as soon as March, a key step in reversing its pandemic-era low-rate policies that have fueled hiring and growth but also escalated inflation. With high inflation squeezing consumers and businesses and unemployment falling steadily, the...

New Economic Worry: Not a Bubble, but a &#39;Superbubble&#39;
Gloomy Word 'Superbubble'
Is Now Being Tossed Around
the rundown
Jan 25, 2022 9:04 AM CST

Gloomy Word 'Superbubble' Is Now Being Tossed Around

Investor Jeremy Grantham, noted for his pessimistic forecasts, issues a big one

(Newser) - If the forecast of big-name investor Jeremy Grantham is correct, the US economy—and perhaps your 401k—is in for a world of hurt. The 83-year-old founder of the Boston-based investment fund GMO (who is known for his gloomy forecasts) isn't just warning of a bubble, he's upgraded...

Fed Chief: We'll Get More Aggressive on Inflation

Jerome Powell tells Congress they'll raise interest rates more if need be

(Newser) - Federal Reserve Chair Jerome Powell acknowledged Tuesday that high inflation has emerged as a serious threat to the Fed's goal of helping put more Americans back to work and that the Fed will raise rates more than it now plans if needed to stem surging prices. "If we...

Fed's Vice Chair, Facing Questions on Trades, Resigns

Richard Clarida is the third top official to leave under a cloud

(Newser) - The vice chair of the Federal Reserve is resigning in the face of questions about his stock trading during the pandemic. Richard Clarida, whose term was in its last month, made the announcement Monday but did not elaborate, the Washington Post reports. "I will miss his wise counsel and...

Major Tech Stocks Drop After Fed Meeting Minutes Released

Tesla slumped 5.4%

(Newser) - Stocks closed lower on Wall Street Wednesday after minutes from the Federal Reserve’s last meeting raised expectations that the central bank will move faster to raise interest rates to fight inflation. The S&P 500 fell 92.96 points, or 1.9%, to 4,700.58. Drops in major...

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