Jerome Powell

Federal Reserve increases key benchmark rate by 25-basis points

The Fed's rate increase would be the first since 2018

Oil prices soared and investors shifted more money into ultra-safe U.S. government bonds as Russia stepped up its war on Ukraine. The price of oil surged back above $100 a barrel after Russia, a major energy producer, faced further isolation and economic damage because of its invasion of Ukraine.

According to numbers released by the US government, consumer prices have increased by 7.5 percent in the past year, the steepest increase since 1982.

Prices metric tracked by Federal Reserve rose 5.8% last year, sharpest increase since 1982.

U.S. trade deficit in goods surges to record high.

The US Senate will soon vote on Federal Reserve Chairman Jerome Powell’s nomination to a second term.

Physical currency may soon become a thing of the past as the United States Federal Reserve takes the next step in completely digitizing the dollar.

Biden's economy sees inflation jump at its fastest pace in nearly 40 years, up 7% from a year earlier.

It had to happen.