Tag: inflation
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Fed raises key rate by a half-point in bid to tame inflation
The Federal Reserve intensified its fight against the worst inflation in 40 years by raising its benchmark interest rate by a half-percentage point Wednesday — its most aggressive move since 2000 — and signaling further large rate hikes to come.
Fed signals more aggressive steps to fight inflation
Federal Reserve officials are signaling that they will take an aggressive approach to fighting high inflation in the coming months — actions that will make borrowing sharply more expensive for consumers and businesses and heighten risks to the economy.
Fed begins inflation fight with key rate hike, more to come
The Federal Reserve launched a high-risk effort Wednesday to tame the worst inflation since the early 1980s, raising its benchmark short-term interest rate and signaling up to six additional rate hikes this year.
State of the Union: Biden vows to halt Russia, hit inflation
Addressing a concerned nation and anxious world, President Joe Biden vowed in his first State of the Union address Tuesday night to check Russian aggression in Ukraine, tame soaring U.S. inflation and deal with the fading but still dangerous coronavirus.
Biden has long-term inflation plan, but voter patience short
President Joe Biden came into office with a plan to fix inflation — just not the particular inflationary problem that the country now faces.
