Page 7 - Larry Meyer News Today

More than a year later, price increases at 40-year peaks have proven to be anything but, so much so that the Fed this week appears ready to hike interest rates by the most since 1994 to quell them.

By Howard Schneider and Heather Timmons WASHINGTON (Reuters) - President Joe Biden's top officials and Federal Reserve Chair Jerome Powell were quick ...

By Howard Schneider and Heather Timmons WASHINGTON (Reuters) - President Joe Biden's top officials and Federal Reserve Chair Jerome Powell were quick ...

President Joe Biden's top officials and Federal Reserve Chair Jerome Powell were quick to dismiss the first embers of inflation in the spring of 2021 in a single word: Transitory.

The prospect of that large of a rate increase compounded the S&P 500’s nearly 4 percent drop.

Each report that suggests inflation is treading water raises the likelihood that the central bank continues on its current course.

Exploration Vessel Nautilus concluded its third expedition for this year. Engineers aboard the ship tested three remotely operated vehicles in waters south of the main Hawaiian Islands.

Powell last month suggested that more substantial rate increases could be warranted to help bring down inflation.

Since the Fed’s December meeting, elevated inflation has broadened and accelerated.

The Keewatin man had meth and amphetamine in his bloodstream, according to the BCA.