Powell signals higher interest rates. Here’s why Friday’s jobs report will affect Fed’s decision.
Federal Reserve Chairman Jerome Powell said this week that interest rate increases could be higher and come faster if Friday’s unemployment data shows the nation’s labor market isn’t cooling off. Stock indexes fell after his comments. That’s been a familiar pattern over the past year as the federal bank has tried to combat inflation. A […]
The Fed raises interest rates again, signals more coming despite pressure to slow the pace
The Federal Reserve announced on Wednesday that in its continuing efforts to tamp down inflation, it would raise interest rates yet again by another three-quarters of a point to a target range of 3.75 to 4%. Federal Reserve Chair Jerome Powell said during a press conference following the announcement that the “historically fast pace” of […]
Fewer people are moving as interest rates, rents rise
This story originally appeared in Stateline, an initiative of The Pew Charitable Trusts. Most people move during the spring and summer months, but many would-be movers stayed put this May and June amid higher interest rates and rising rents, according to change-of-address data from the U.S. Postal Service. Every state saw fewer people moving in […]