Inflation isn’t as high as it was last year. The job market isn’t as hot. The economy is slowing down. But none of this is happening as quickly or as […]
Federal Reserve System
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Back to news homeWages and Prices Could Show a Cool-Down Before a Fed Meeting
Government data on Friday will provide one final update on inflation, spending and wages before the Federal Reserve’s interest rate decision next week.Forecasters expect data from the Labor Department to […]
Fed Slams Its Own Oversight of Silicon Valley Bank in Post-Mortem
WASHINGTON — The Federal Reserve on Friday faulted itself for failing to “take forceful enough action” to address growing risks at Silicon Valley Bank ahead of the lender’s March 10 […]
GDP Report: US Economy Grew at 1.1% Rate in Q1
Higher interest rates took a toll on the U.S. economy in early 2023, but free-spending consumers are keeping a recession at bay, at least for now.Gross domestic product, adjusted for […]
First Republic Lurches as It Struggles to Find a Savior
First Republic Bank is sliding dangerously into a financial maelstrom, one from which an exit appears increasingly difficult.Hardly a household name until a few weeks ago, First Republic is now […]
America’s Inflation Villain Gets a Makeover
The years have not been kind to Arthur Burns, who led the Federal Reserve from 1970 to 1978 and is often remembered as perhaps the worst chair ever to head […]
Rates on C.D.s Are Soaring, but the High Rates May Not Last
If your stash is meant for emergencies, like a car repair or medical bills, you shouldn’t restrict your access to it for long. You want to be able to withdraw […]
Unemployment Is Low, Inflation Is Falling, but Recession Worries Linger
There are two starkly different ways of looking at the U.S. economy right now: what the data says has happened in the past few months, and what history warns could […]
How Silicon Valley Bank’s Failure Could Have Spread Far and Wide
WASHINGTON — The federal government’s rescue of two failed banks last month has drawn criticism from some lawmakers and investors, who accuse the Biden administration and the Federal Reserve of […]
Dour Earnings Loom Over Wall St. as a Slowing Economy Bites
As the country’s largest companies prepare to report their results for the start of the year — offering a view into how the economy is faring as a banking shock […]