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Page 14 of 22

  • File – A worker scans onions, limes, and other produce inside the Walmart Supercenter in North Bergen, N.J., Thursday, Feb. 9, 2023. On Friday, the Commerce Department issues its March report on consumer spending. (AP Photo/Eduardo Munoz Alvarez, File)Finance

    A key inflation measure is still more than double the Fed’s target rate and it probably means an interest rate hike next week

    By Christopher Rugaber and The Associated Press
  • Federal Reserve Chairman Jerome Powell arrives for the plenary of the International Monetary and Financial Committee (IMFC) meeting, during the World Bank/IMF Spring Meetings at the International Monetary Fund (IMF) headquarters in Washington, Friday, April 14, 2023. (AP Photo/Jose Luis Magana)Finance

    Fed Chair Jerome Powell was tricked into a phone call by Russian pranksters posing as Ukraine’s President Zelenskyy

    By Christopher Rugaber and The Associated Press
  • Bed Bath & BeyondFinance

    The long-awaited recession still hasn’t arrived. Here are 5 ways to know we’re in an official downturn.

    By Christopher Rugaber and The Associated Press
  • Christopher WallerFinance

    Key Fed official sees little progress on inflation for over a year: ‘My job is not done’

    By Christopher Rugaber and The Associated Press
  • WalmartPersonal Finance

    Retail sales fall again in March as the almighty American consumer wobbles

    By Christopher Rugaber and The Associated Press
  • A man shopping in grocery storeFinance

    Inflation just hit its lowest rate in almost 2 years

    By The Associated Press and Christopher Rugaber
  • Michael BarrFinance

    Top banking regulator blames SVB collapse on ‘mismanagement’ but insists vulnerability was ‘not apparent until the unexpected bank run’

    By Christopher Rugaber and The Associated Press
  • File – Federal Reserve Board Vice Chair for Supervision Michael Barr listens to participants at a hearing at the Federal Reserve building, Friday, Sept. 23, 2022, in Washington. (AP Photo/Manuel Balce Ceneta, File)Finance

    The top US financial regulator will testify that the government is ‘prepared to use all of our tools’ to keep depositors and the banking system safe

    By Christopher Rugaber and The Associated Press
  • Jerome Powell, chairman of the US Federal Reserve, during a House Financial Services Committee hearing in Washington, DC, US, on Wednesday, March 8, 2023. Powell reiterated the central bank might accelerate the pace of hikes and raise rates to a higher peak than previously expected amid signs of a stronger economy, while stressing that no decision has been made on the pace of Federal Reserve tightening. Photographer: Samuel Corum/Bloomberg via Getty ImagesFinance

    The Fed hikes rates by a quarter of a point as it calls the banking system ‘sound and resilient’

    By
  • Jerome PowellFinance

    Fed to make hotly anticipated rate hike decision for first time since Silicon Valley Bank implosion

    By Christopher Rugaber and The Associated Press
  • File – Federal Reserve chair Jerome Powell speaks during a news conference, Wednesday, Feb. 1, 2023, at the Federal Reserve Board in Washington. With inflation still high and anxieties gripping the banking industry, the Federal Reserve and its chair, Jerome Powell, will face a complicated task at their latest policy meeting Wednesday and in the months to follow: How to tame inflation by continuing to raise interest rates while also helping to restore faith in the financial system – all without triggering a severe recession. (AP Photo/Jacquelyn Martin, File)Finance

    The Fed is stuck between a rock and a hard place as high inflation and a banking meltdown demand opposite responses

    By
  • President Joe Biden speaks about the banking systemFinance

    Paying for the bank collapses: Is Biden’s response a bailout and will taxpayers foot the bill?

    By Christopher Rugaber and The Associated Press
  • Federal Reserve Building in Washington, DC.Finance

    Cash-strapped banks borrowed $300 billion from the Fed’s emergency funds over the past week amid the global financial turmoil

    By Christopher Rugaber and The Associated Press
  • Producer pricesFinance

    The price of eggs fell 36% in February alone as wholesale price inflation massively slowed

    By Christopher Rugaber and The Associated Press
  • Jerome PowellFinance

    ‘It’s inexplicable’: Critic rips Fed for missing SVB risk with Wall Street ‘publicly screaming about these very issues for many, many months’

    By Christopher Rugaber, Fatima Hussein, and others