public finance

The Fed gets off to a strong start with a third consecutive rate hike of three quarters of a point |  CNN Business

The Fed gets off to a strong start with a third consecutive rate hike of three quarters of a point | CNN Business

washington d.c. CNN Business — The Federal Reserve made history on Wednesday by approving a third straight 75 basis point hike in an aggressive move to tackle runaway inflation plaguing the US economy. The oversized hike, which was unfathomable to markets just a few months ago, takes the central bank’s benchmark benchmark rate to a …

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Wondering where the economy is going?  Keep an eye on your earnings |  CNN Business

Wondering where the economy is going? Keep an eye on your earnings | CNN Business

New York CNN Business — American businesses are beginning to prepare for a recession. The FedEx Economic Barometer (FDX) stunned Wall Street last week with a massive earnings warning and a lukewarm outlook for the global economy. Bad news from FedEx overshadowed a more promising development on Thursday, the agreement between rail operators and unions …

Wondering where the economy is going? Keep an eye on your earnings | CNN Business Read More »

Opinion: 3 things the Fed needs to see before stopping the rate hike |  CNN Business

Opinion: 3 things the Fed needs to see before stopping the rate hike | CNN Business

Editor’s note: Joseph H. Davis is Vanguard’s Global Chief Economist. The opinions expressed in this commentary are his own. The Federal Reserve is aware of the pain the price spiral is causing Americans. At the recent Jackson Hole Economic Symposium, Fed Chairman Jerome Powell said lower inflation “will also cause suffering for households and businesses.” …

Opinion: 3 things the Fed needs to see before stopping the rate hike | CNN Business Read More »