Mr. Powell signaled that the Fed could continue to approve increases of as large as half a percentage point, but that a larger increase was “not something the committee is actively considering.”
The Federal Reserve is combating the fastest price increases in four decades and is trying to cool the economy before high inflation becomes embedded.
Rates have jumped because of a surge in natural gas prices and could keep rising rapidly for years as utilities invest in electric grids.
Supplies of goods are coming up short in the pandemic, and prices have jumped. Some economists warn that the changes could linger.
Russia wants to sell more oil and coal to China and India, but Western sanctions may make that hard unless Russia offers deep discounts on the price.
The chief operating officer of ZenLedger, a software company, boasted of work for Goldman Sachs and Larry King. Did anyone check to see if it was true?
The results were a setback for the upstart Amazon Labor Union, which won a landmark victory last month at a larger Amazon warehouse nearby.
The board, an advisory group with the Department of Homeland Security, has become embroiled in the debate over the government’s role in policing online content.
I bonds — low-risk savings bonds indexed to inflation — are earning far more than a typical federally insured savings account or certificate of deposit.
To a degree unseen in any other mogul, the world’s richest man acts on impulse and the belief that he is absolutely right.