Stay updated with breaking news from He Fed. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
New York (CNN) — The Dow fell sharply Tuesday afternoon, turning negative for the year, as US Treasury yields surged to their highest levels in over a decade, worrying investors
Stocks fell sharply Tuesday afternoon, as US Treasury yields surged to their highest levels in over a decade, worrying investors that higher borrowing rates could further stall the housing market.
US new car sales soared in the third quarter, despite the combination of a strike at General Motors, Ford and Stellantis, high prices and rising interest rates.
JPMorgan Chase CEO Jamie Dimon issued a stark warning Monday to Wall Street: The Federal Reserve may be far from finished with its aggressive regimen of interest rate hikes in the fight against elevated inflation.
Jerome Powell was asked if he shares the Fed staff’s view that the economy is headed for a soft landing last month. “No, I would not do that,” he said.