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Fed's Williams and Waller Settle In for a Long Fight Against Inflation By James Christie Good day. Federal Reserve Bank of New York President John Williams said on Wednesday restrictive...
The European Central Bank lifted interest rates by a half-point, with President Christine Lagarde saying another such move is almost certain next month, despite conceding that the inflation outlook is improving.
The nasdaq jumped 288 today. four the week the dow lost 2 and three quarters percentage points, the s&p 500 fell two thirds the nasdaq was up a half point. up next, is the u.s. getting enough help from its allies as it continues to spend billions of dollars in weapons to ukraine. we'll take a look at that first, here is what some of our fox affiliates around the country are covering tonight. fox 5 in new york city where police say more than 1300 marijuana shops are operating without a license. lawmakers are working on a bill to crack down on illegal stores. recreational marijuana was legalized...
Steve patterson, thank you. in the battle against inflation, the fed raised interest rates again today by another half point. while that was less than previous rate hikes, the fed chairman says increases must continue inflation could become intrenched. here is tom costello with that. >> reporter: from factory floors to farms to main street usa, every interest rate hike ripples through the economy affecting every day americans. near philly, small business eric and christopher makes silk screen pillows and totes. they'd like to expand but higher rates are making a small business loan too expen...
Inadvertently, bring the u.s. into a recession, that didn't necessarily have to be? >> yeah. that's a risk. you know, they made a mistake earlier in the year by not raising rates quickly enough when there was a gathering evidence of inflation developing and the economy was very strong. they don't want to be too critical because who would have predicted the russian invasion and the impact that had on oil prices. they got it wrong. there's certainly a risk they get it wrong again on the other side, that they continue to raise rates too high too fast and push the economy into recession unnecessar...