hike

NTD spoke to Rep. Bob Good (R-Va.) for his reaction to the latest jobs report, including the recent interest rate hike and the overall health of the economy.  

The Fed on May 3 approved its 10th straight interest rate hike. It was an increase of a quarter percent. Comments by Federal Reserve Chair Jerome Powell left investors wondering what the central bank’s next move will be on interest rate hikes. NTD spoke to Sam Burns, chief strategist at Mill Street Research, for his […]

We’re talking to William Luther, director of the American Institute for Economic Research’s Sound Money Project and an Associate Professor of Economics at Florida Atlantic University.    

House lawmakers returned to Capitol Hill Tuesday. The GOP is preparing for a heavy lift vote this week to raise the debt by $1.5 trillion, while cutting funds from Democrats’ key priorities.

DETROIT—Tesla has raised prices on its Model Y in the United States, apparently due to rising demand and changes in U.S. government rules that make more versions of the small SUV eligible for tax credits. The Austin, Texas, electric vehicle company bumped up the price of the Model Y Long Range version by about 2 […]

Federal Reserve Chair Jerome Powell dashed investors’ hopes for a quick pivot away from restrictive monetary policy, saying during a press conference on Nov. 2 that it’s “very premature” for market participants to be thinking about the central bank hitting pause on rate hikes amid the risk that expectations of higher inflation become entrenched. In […]

As the Federal Reserve keeps raising interest rates in its attempt to bring down inflation, it’s running the risk of triggering a considerable economic slowdown, according to Invesco’s chief global market strategist Kristina Hooper. “When you are raising rates in 75-basis-point increments and you’re not giving any time for it to process through and make […]

The cost-of-living crunch that’s frustrating American households is also putting the squeeze on the U.S. Postal Service (USPS), which on Friday announced plans to raise prices to “offset the rise in inflation.” The agency said in an Oct. 7 statement that it has proposed a range of price hikes, including for stamps and raising fees […]

The number of Americans filing new claims for unemployment benefits fell to a five-month low last week, but stock markets reacted in line with a “good news is bad news” paradigm and resumed their sharp selloff as the strong labor market data suggests the Federal Reserve is likely to stay the course on hiking rates […]

The Federal Reserve raised the benchmark federal funds rate by 75 basis points to a new target range of 3 to 3.25 percent on Wednesday, matching market expectations. This is the third consecutive three-quarter point rate hike, as the Federal Open Market Committee (FOMC) lifted interest rates to their highest levels since 2008. Markets had […]

Soaring inflation expected to climb to over 13 percent has prompted the UK’s central bank to deliver the biggest interest rate hike in 27 years even as officials warned Great Britain is heading into a recession. The Bank of England (BOE) announced on Aug. 4 that its rate-setting body, the Monetary Policy Committee (MPC), voted […]

The Federal Reserve raised interest rates by another 0.75 percentage point on July 27 during the July Federal Open Market Committee (FOMC) policy meeting. This is in line with market expectations and similar to the historic move the central bank made in June. The FOMC’s three-quarter-point boost lifted the benchmark fed funds rate to the range […]

Inflation in the 19 European nations that share the euro currency surged to a record high in June, official data shows, as pressure builds on monetary authorities to deliver the first rate hike in 11 years to cool soaring prices. Eurostat, the E.U.’s statistical agency, said on July 1 (pdf) that the annual pace of […]

A key inflation gauge heavily relied on by the Federal Reserve when setting interest rates inched down in May but remained elevated near multi-decade highs at a level more than twice the central bank’s inflation target, suggesting the Fed’s fight to relieve price pressures will be drawn out. The Fed’s preferred inflation gauge, the so-called […]

Investors have sharply raised their expectations that the Federal Reserve will on Wednesday deliver the biggest single interest rate hike in 28 years amid red-hot inflation and a turbulent selloff across world markets. Just last week, markets gave an 8.2 percent probability that the Fed would raise the benchmark federal funds rate by three-quarters of […]

PORTLAND, Maine—The worldwide seafood industry is steeling itself for price hikes, supply disruptions, and potential job losses as new rounds of economic sanctions on Russia make key species such as cod and crab harder to come by. The latest round of U.S. attempts to punish Russia for the invasion of Ukraine includes bans on imports […]

The latest collateral damage from Russia’s invasion of Ukraine and inflation is beer. The Four City Brewing Company in New Jersey says it’ll have to raise prices in its taproom soon. Its co-owner says, in the past three months, the cost to make beer has gone up about 25 cents per can. Ukraine is one of the world’s […]