Jerome Powell tricked by fake call from Russia pranksters
Federal Reserve Chair Jerome Powell was tricked into an extended phone call in January with Russian pranksters posing as Ukrainian ...
Tag: federal reserve
GDP growth slowed sharply in latest quarter amid Fed rate hikes
The U.S. economy slowed sharply from January through March, decelerating to just a 1.1% annual pace as higher interest rates ...
March new home sales surged 9.6% to one-year high
Sales of new US single-family homes jumped to a one-year high in March, likely as a retreat in mortgage rates boosted demand. ...
March existing home sales fell 2.4% in tepid homebuying season start
Sales of previously occupied US homes fell in March and prices edged lower for the second month in a row, ...
Several Fed officials considered rate pause, but agreed to hike: minutes
Several Federal Reserve officials at the central bank’s policy meeting last month considered pausing interest rate increases until it was clear ...
Bitcoin surges past $30,000 as investors eye end of rate hikes
Major cryptocurrency bitcoin breached the key $30,000 level for the first time in 10 months on Tuesday, adding to its ...
US employers added 236,000 jobs in March, unemployment at 3.5%
US hiring slowed in March – but the jobs market remains historically tight in a trend that could put pressure ...
Private sector added 145K jobs in March, fewer than expected
US private employers hired far fewer workers than expected in March, adding to signs that the labor market was cooling. The ADP National Employment ...
US banking chaos ‘definitely brings us closer’ to recession: Fed
The turmoil at First Republic and other embattled US regional banks “definitely brings us closer right now” to an economic ...
Fed President James Bullard expects rates as high as 5.75%
St. Louis Federal Reserve president James Bullard said Friday the US likely will need higher than expected interest rates to contain inflation ...
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