Dow tanks as jobs growth boosts Fed hike bets
Wall Street slid on Friday after solid job growth and a drop in the unemployment rate last month raised the ...
Tag: federal reserve
Rate hikes needed to tame ‘stubbornly’ high inflation: Lisa Cook
US inflation remains “stubbornly and unacceptably high,” requiring continued interest rate increases to be sure it begins falling, Fed governor ...
Job openings plunged 10% in August
The number of available jobs in the US plummeted in August compared with July as businesses grow less desperate for ...
Ken Griffin says US recession inevitable, but backs Fed hikes
Billionaire hedge fund CEO Ken Griffin thinks that a recession is inevitable and that the Federal Reserve hasn’t been aggressive ...
Elon Musk says it’s ‘obviously correct’ that Fed is tanking US economy
Billionaire Elon Musk backed a prominent Wharton economist who accused the Federal Reserve and its chairman Jerome Powell of completely ...
Mortgage rates jump to 6.29% — highest in 15 years
Average long-term mortgage rates jumped by more than a quarter-point this week to their highest level since 2007 as the ...
Stocks rise ahead of Fed rate-hike announcement
Stocks rose on Wednesday ahead of a widely expected hefty rate hike from the Federal Reserve, with investors waiting for cues on ...
Billionaire David Rubenstein warns 100-point Fed rate hike would ‘depress’ markets
The Carlyle Group co-founder David Rubenstein argued that if the Federal Reserve moves to increase interest rates 100 basis points, ...
US housing market in ‘deep recession’ as homebuilder confidence tanks: economist
The US housing market is in the midst of a “deep recession” that could put pressure on the Federal Reserve ...
Goldman Sachs consumer banking unit facing Fed scrutiny: report
Goldman Sachs’ consumer banking unit is being reviewed by the Federal Reserve, Bloomberg Law reported on Friday, citing people familiar with the matter. ...
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