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Federal Reserve Chairman Jerome Powell speaks during a news conference at the Federal Reserve Board building in Washington, Wednesday, July 27, 2022.
Business

Hawkish Powell speech rattles markets with specter of enormous rate hike

Zach Halaschak -
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Federal Reserve Chairman Jerome Powell speaks at a meeting of the Economic Club of New York, Thursday, Oct. 19, 2023, in New York.
News

Chairman Powell warns Fed will bring down inflation, even if it means ‘pain’

Zach Halaschak -
0
Discount placards stand in the window of a clothing store as last-minute shoppers finish up their Christmas gift lists.

Inflation slowed in July, according to key gauge watched by Fed

Zach Halaschak -
0
Homeless people camping in downtown in Los Angeles.
Business

The industries most at risk of a new economic downturn

Zach Halaschak -
0
In this Friday, Oct. 6, 2017, photo, workers build an apartment and retail complex in Nashville, Tenn. On Friday, Jan. 26, 2018, the Commerce Department issues the first estimate of how the U.S. economy performed in the October-December quarter.
Business

GDP contracted at revised 0.6% rate in second quarter amid recession fears

Zach Halaschak -
0
FILE - This May 14, 2014 file photo shows a new home for sale in the Winthrop subdivision in Riverview, Fla. The Commerce Department on new home sales in July on Monday, Aug. 25, 2014. (AP Photo/Chris O'Meara, File)
Business

New home sales decline to lowest level in six years

Zach Halaschak -
0
In this photo, the seal of the Board of Governors of the United States Federal Reserve System is displayed in the ground at the Marriner S. Eccles Federal Reserve Board Building in Washington.

Fed officials weigh just how big of a rate hike to enact in September

Zach Halaschak -
0
Specialist Gregg Maloney works at his post on the floor of the New York Stock Exchange on Wednesday. Stocks are extending their slump on Wall Street, led by drops in big technology companies, as rising bond yields draw investors out of stocks.
Business

Here are the signs the US is in recession — and the indicators that it’s not

Zach Halaschak -
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Federal Reserve Board Chairman Jerome Powell chairs an open meeting in Washington.
Beltway Confidential

The Fed rightly ignored investors’ desire to ease up on inflation

Tiana Lowe Doescher -
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A sale sign stands outside a home in Wyndmoor, Pa., Wednesday, June 22, 2022. Existing home sales plunged in July as fears of a recession grow.

Existing home sales plunge to lowest level in more than two years

Zach Halaschak -
0
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