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SHOCKING: 134 - What They Never Told You

Federal Reserve announces biggest interest rate hike since 1994

Fed confirms 0.75 percentage-point increase as Americans across country hit hard by rising prices and shortages of key items

The Guardian - US · Jun 15, 2022

Market Awaits Fed Rate Hike Decision: How Aggressive Will The FOMC Get Today?

The SPDR S&P 500 ETF Trust (NYSE: SPY) rebounded a bit from its early week downturn on Wednesday morning ahead of a critical Federal Open Market Committee interest rate decision at 2 p.m. ET.

Benzinga · Jun 15, 2022

Markets brace for sharpest rise in US interest rates in almost 30 years

Federal Reserve expected to increase cost of borrowing by 0.75 percentage points to curb rising inflation

The Guardian - UK · Jun 15, 2022

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5 things to know about the Fed's biggest interest rate increase since 1994 and how it will affect you

The Federal Reserve on June 15, 2022, lifted interest rates by 0.75 percentage point, the third hike this year and the largest since 1994. The move is aimed at countering the fastest pace of inflation in over 40 years.

The Conversation · Jun 14, 2022

EXPLAINER: Recession fears grow. Just how high is the risk?

Inflation is at a 40-year high

The Independent UK · Jun 14, 2022

Stocks’ pandemic bull run ends with recession fear: Markets wrap

U.S. stocks entered a bear market, Treasury yields spiked to levels not seen in a decade and the dollar rallied as the fallout from a hot inflation reading continued to rattle global trading already shaken by worries the Federal Reserve will plunge the economy into a recession.

Tribune News Service · Jun 13, 2022

Hot inflation dims likelihood Fed can achieve 'soft landing'

For months, Chair Jerome Powell has held out hope that the Federal Reserve will be able to raise interest rates high enough to throttle rampant inflation without tipping the economy into recession

The Independent UK · Jun 13, 2022

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Climate crisis is ‘battering our economy’ and driving inflation, new book says

Climatenomics lays out how ‘supply chain disruptions’ has become a euphemism for the effects of climate change

The Guardian - US · Jun 11, 2022

Fed task gets tougher, putting 75 basis point hike back in view

Bad news on inflation hardened expectations the Federal Reserve will keep raising interest rates in half-point steps through September, with talk of an even larger move mounting in the conversation.

Tribune News Service · Jun 10, 2022

June Fed meeting preview: Brace for fastest rate hikes since 1994 to battle too-high inflation

Economists like to say interest rates take the elevator down and the staircase back up. The metaphor highlights just how swiftly the Federal Reserve slashes borrowing costs during economic crises — and how gradually the Fed lifts rates when the economy is healing.

Tribune News Service · Jun 10, 2022

Senate panel backs Michael Barr, Biden pick as Fed regulator

The nomination of Michael Barr, President Joe Biden’s choice to be the top regulator on the Federal Reserve’s Board of Governors, was approved by a congressional committee and sent on the full Senate

The Independent UK · Jun 8, 2022

Yellen: inflation to 'remain high;' hopes it's 'coming down'

Treasury Secretary Janet Yellen has acknowledged that she and Federal Reserve Chair Jerome Powell “could have used a better word” than transitory when describing the expected run of inflation in the U.S. economy

The Independent UK · Jun 7, 2022

May Jobs Report Keeps Fed on Track for Half-Point Rate Rises

The strong employment figures released Friday keep the Federal Reserve firmly on track to raise interest rates by a half-percentage point at its meeting in two weeks and again in late July to cool high inflation.

Bangkok Post · Jun 5, 2022

To avoid ‘historic shellacking’ in midterms, Biden is promoting a sunny view of US economy

Much of America does not seem to be buying the optimistic vision that Biden and his team are selling

The Guardian - US · Jun 4, 2022

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The Independent UK · Jun 3, 2022

Hiring might have slipped last month to a still-strong level

After months of robust hiring, U.S. employers might have pulled back slightly in May, to levels that would still be consistent with a healthy job market, despite high inflation and rising borrowing costs

WEKU · Jun 1, 2022

Treasury Secretary Janet Yellen says she was wrong about the risks of inflation

Treasury Secretary Janet Yellen tells CNN she was wrong about the trajectory of inflation during interviews a year ago.

The Independent UK · Jun 1, 2022

Asian shares mixed after stocks retreat on Wall Street

Shares are mixed in Asia after a wobbly day on Wall Street closed out a month buffeted by worries about a possible recession, inflation and rising interest rates

Axios · Jun 1, 2022

Treasury Secretary Janet Yellen: "I was wrong about the path inflation would take"

"There have been unanticipated and large shocks to the economy that have boosted energy and food prices," she told CNN.

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Al Jazeera · May 31, 2022

Biden underscores Fed’s ‘independence’ during Powell meeting

The White House is in need of solutions to quell the highest inflation in 40 years and soaring petrol and food prices.

The Independent UK · May 31, 2022

US consumer confidence slips in May

U.S. consumer confidence edged down in May as Americans’ view of their present and future prospects dimmed in the midst of persistent inflation

The Independent UK · May 30, 2022

Biden to meet Fed chair as inflation bites pocketbooks

President Joe Biden will meet Tuesday with Federal Reserve chairman Jerome Powell as soaring inflation takes a bite out of Americans’ pocketbooks

Tribune News Service · May 30, 2022

Biden to meet with Powell to discuss economy as inflation bites

WASHINGTON — President Joe Biden will hold a rare Oval Office meeting on Tuesday with Federal Reserve Chair Jerome Powell amid the highest inflation in decades, which has angered Americans and hurt his standing with voters.

The Independent UK · May 27, 2022

Key inflation gauge slowed to still-high 6.3% over past year

An inflation gauge closely tracked by the Federal Reserve rose 6.3% in April from a year earlier, just below a four-decade high set in March and the first slowdown since November 2020

Bangkok Post · May 23, 2022

Higher Interest Rates Raise Risk of Future Fed Losses

The Federal Reserve's plans to raise interest rates aggressively to combat high inflation could have an overlooked and uncomfortable side effect for the central bank: capital losses.

Tribune News Service · May 22, 2022

Biden adviser says US economy can withstand Fed inflation fight

White House economic adviser Brian Deese stopped short of ruling out a U.S. recession as the Federal Reserve combats inflation, saying the central bank needs space to do its job.

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