Risk of Recession

Inflation

Powell: Fed aims to avoid recession but says it’s possible – Associated Press

Federal Reserve Chair Jerome Powell sought Wednesday to reassure the public that the Fed will raise interest rates high and fast enough to quell inflation, without tightening credit so much as to throttle the economy and cause a recession. Testifying to the Senate Banking Committee, Powell faced skeptical questions from members of both parties about

Financial

Fed attacks inflation with its largest rate hike since 1994 – Associated Press

The Federal Reserve intensified its fight against high inflation on Wednesday, raising its key interest rate by three-quarters of a point — the largest bump since 1994 — and signaling more rate hikes ahead as it tries to cool off the U.S. economy without causing a recession. The unusually large rate hike came after data

Financial

Stocks dip deeper into bear market ahead of big Fed news – Associated Press

Most stocks on Wall Street dipped Tuesday in their first trading after tumbling into a bear market on worries that high inflation will push central banks to clamp the brakes too hard on the economy. The S&P 500 fell 14.15, or 0.4%, to 3,735.48 as investors braced for the Federal Reserve’s announcement on Wednesday about

Inflation

Biden plots inflation fight with Fed chair as nation worries – Associated Press

Photo: A gas tank driver delivers 8,500 gallons of gasoline at an ARCO gas station in Riverside, California Focused on relentlessly rising prices, President Joe Biden plotted inflation-fighting strategy Tuesday with the chairman of the Federal Reserve, with the fate of the economy and his own political prospects increasingly dependent on the actions of the

Inflation

Worry about stagflation, a flashback to ’70s, begins to grow – Associated Press

Photo: Cars line up for gas at a gas station in Martinez, Calif., on Sept. 21, 1973 Stagflation. It was the dreaded “S word” of the 1970s. For Americans of a certain age, it conjures memories of painfully long lines at gas stations, shuttered factories and President Gerald Ford’s much-ridiculed “Whip Inflation Now” buttons. Stagflation

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