In his first public remarks since Silicon Valley Bank collapsed, triggering widespread industry turmoil, the lender’s former chief executive pointed the finger at pretty much everybody but himself, casting blame […]
Federal Reserve System
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Back to news homeInflation Slowed in April, Marking 10th Month of Moderation
Inflation slowed for a 10th straight month in April, a closely watched report on Wednesday showed, good news for American families struggling under the burden of higher costs and for […]
U.S. Employers Added 253,000 Jobs Despite Economic Worries
The labor market is still defying gravity — for now.Employers added 253,000 jobs in April on a seasonally adjusted basis, the Labor Department reported Friday, in a departure from the […]
Wages Grow Steadily, Defying Fed’s Hopes as it Fights Inflation
Wage growth ticked up in April, good news for American workers but bad news for officials at the Federal Reserve, who have been hoping to see a steady moderation in […]
Powell Bets the Fed Can Slow Inflation Despite Recession Fears
The Federal Reserve’s push to slow the economy and bring inflation under control is often compared to an airplane descent, one that could end in a soft landing, a bumpy […]
Fed Raises Interest Rates But Hints at Future Pause
Federal Reserve officials raised interest rates by a quarter-point on Wednesday, the 10th straight increase in an aggressive campaign to tame rapid inflation. But they also opened the door to […]
Fed Expected to Raise Interest Rates: What to Know
Follow live updates as Federal Reserve officials release a rate decision.Federal Reserve officials are set to release an interest rate decision on Wednesday afternoon, and while investors widely expect policymakers […]
Fed Will Decide Next Rate Move After Bank Jitters
WASHINGTON — Federal Reserve officials are widely expected to lift borrowing costs by a quarter of a percentage point on Wednesday, the 10th consecutive rate increase since March 2022. But […]
Late-Night Negotiating Frenzy Left First Republic in JPMorgan’s Control
Lawmakers and regulators have spent years erecting laws and rules meant to limit the power and size of the largest U.S. banks. But those efforts were cast aside in a […]
After First Republic Collapse, Is the Worst of the Banking Crisis Over?
Is the worst of the banking crisis over? It may seem a strange question to pose so shortly after the collapse of First Republic Bank, the second-largest such failure in […]