Tag: Jerome Powell

There was a time last year when the term “transitory” was commonly used when federal officials discussed elevated inflation.

In response to unexpectedly persistent inflation, the central bank is increasing its planned pace for interest rate increases.

Adding a better-than-expected 390,000 jobs in May, the U.S. labor economy continues a blazing stretch of pandemic-recovery growth with overall ...

The widely anticipated move further cements the commitment of the central bank to curb inflation and cool a hot economy.

This week, the 30-year fixed-rate mortgage average increased from 4.16% last week to 4.42% this week--the highest level its reached ...