US central bank raises interest rates for first time since 2018
The US Federal Reserve is raising interest rates for the first time since 2018 in an attempt to bring fast-rising prices under control.
Source: rnz.co.nz
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Fed looks to streamline path to payment system amid Raskin fight
The Federal Reserve Board is taking a fresh look at how financial firms get coveted access to the U.S. central bank’s payment system — a controversial question that’s weighing on President Biden’s pick to be Wall Street’s top bank regulator.
Source: americanbanker.com
Key inflation gauge hit 6.1% in January, highest since 1982
Key inflation gauge hit 6.1% in January, highest since 1982
Source: koreatimes.co.kr
Key inflation gauge hit 6.1% in January, highest since 1982
The figure reported Friday by the Commerce Department was the largest year-over-year rise since 1982.
Source: nydailynews.com
Interest rates could increase more than traditional quarter-point, US Fed governor says
Federal Reserve Governor Michelle Bowman says she's open to lifting interest rates by more than the traditional quarter-point at the central bank’s next meeting in March.
Source: fox7austin.com