What It Takes to Buy Your First Home Now
Dylan Holland and Breanna Cameron started shopping for their first home in the Atlanta suburbs in December 2021, with a...
Interest Rates
Jerome Powell Pressed Over How Fed Would Respond to Economic Slowdown
Lawmakers pressed Federal Reserve Chairman Jerome Powell over how the central bank would manage trade-offs it could confront if its...
Fed’s Bullard Says He Expects Economic Expansion to Continue This Year
Federal Reserve Bank of St. Louis President James Bullard said the economy appears on track for more expansion this year,...
Recession Probability Soars as Inflation Worsens
Economists surveyed by The Wall Street Journal have dramatically raised the probability of recession, now putting it at 44% in...
Fed’s Waller Supports 0.75-Percentage-Point Rate Hike in July
Governor Christopher Waller says the Fed took a significant step toward achieving its inflation goal when it raised its key...
The Myth of the Central Bank ‘Soft Landing’
“Soft landings” are easier to find in the legendarium of central banks than in historical reality. It was a big...
Fed Raises Rates by 0.75 Percentage Point, Largest Increase Since 1994
The Federal Reserve approved the largest interest-rate increase since 1994 and signaled it would continue lifting rates this year at...
U.S. Retail Sales Declined in May as Inflation Stings Consumers
Americans’ retail spending declined in May, as consumers felt the pinch from inflation, higher gasoline prices and rising interest rates.Retail...
Fed Likely to Consider 0.75-Percentage-Point Rate Rise This Week
A string of troubling inflation reports in recent days is likely to lead Federal Reserve officials to consider surprising markets...
Powell’s Opinions on Inflation Matter, Not Biden’s
One of the reasons inflation got out of control in the 1970s is that policy makers had heterodox theories about...
Economy Week Ahead: Inflation in Focus
The U.S. consumer-price index for May is forecast to show inflation remained high. Photo: Spencer Platt/Getty Images U.S. and China...
Bank of Canada’s Beaudry: Policy Rate Might Be Headed Toward 3% or Above
OTTAWA—The rapid acceleration in prices has increased the likelihood the Bank of Canada may need to double its policy interest...
Fed Official Supports Raising Interest Rates at Fast Clip ‘for Several Meetings’
A Federal Reserve official said Monday he would support raising interest rates in half-percentage-point increments for several more meetings, adding...
Fed Minutes Show Urgency for Raising Rates to Tame High Inflation
Minutes from the Fed’s May 3-4 meeting, released Wednesday, also showed officials discussed the possibility they would raise interest rates...
Senate Confirms Jerome Powell to Second Term Leading Federal Reserve
Mr. Powell’s nomination, approved Thursday on an 80-19 vote, has been on track for months to win bipartisan approval despite...
Fed Lifts Interest Rates by Half-Point in Biggest Hike Since 2000
The Federal Reserve approved a rare half-percentage-point interest rate increase—the largest since 2000—and a plan to shrink its $9 trillion...
Senate Expected to Confirm Brainard as Federal Reserve’s Vice Chairwoman
Federal Reserve governor Lael Brainard is poised to win confirmation as the central bank’s vice chairwoman after clearing a procedural...
Global Growth Ebbs in Face of Ukraine War, China Slowdown
FRANKFURT—Economic growth is slowing in large parts of the globe as businesses struggle to navigate the effects of Russia’s invasion...
Fed’s Powell Could Seal Expectations of Half-Point Rate Rise in May
Federal Reserve Chairman Jerome Powell is scheduled to participate in a panel discussion hosted by the International Monetary Fund on...
Hot Economy, Rising Inflation: The Fed Has Never Successfully Fixed a Problem Like This
The Federal Reserve is setting out to do something it has never accomplished before: reduce inflation a lot without significantly...
