Jerome Powell

The Federal Reserve approved the first interest rate hike in the U.S. since 2018 this month, and several more increases seem likely in the months to come.

Inflation has reached ghastly proportions, as a new report shows. Its oxygen supply must be cut.

Investors expect the Federal Reserve to move much more aggressively with hiking interest rates in the coming months as inflation rises to multidecade highs.

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.