Federal Reserve
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Americans 75 and older are wealthiest age group, Fed survey findsThe median net worth of the richest one-tenth of American families soared 31 per cent to $3.6 million from 2022 to 2025, the survey found.ConsumerOct 9
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Fighting inflation likely to be ‘painful,’ U.S. Fed official saysThe Fed generally fights inflation by raising interest rates to cool borrowing and spending. Historically, such rate hikes have often slowed growth and have even led to recessions.EconomySep 21
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What the U.S. Fed hiking rates means for the loonie and for borrowersThe U.S. Federal Reserve hiked interest rates for the first time in three years on Wednesday, and several economists say this could add pressure on the Bank of Canada.ConsumerSep 17
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U.S. Fed hikes interest rate for 1st time in 3 years, defying TrumpThe Federal Reserve raised its benchmark interest rate Wednesday for the first time since 2023 in an effort to quell stubbornly-high inflation.EconomySep 16
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Rate hikes may be coming amid inflation, new U.S. Fed chief signalsFederal Reserve Chair Kevin Warsh said Friday that inflation is still too high and suggested the central bank may have to raise interest rates soon to bring it down.U.S. NewsAug 28
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Why spiking U.S. bond yields could be a big warning for the economyExperts say a sharp rise in U.S. bond yields this week was a major warning sign about inflation, interest rates and economic uncertainty.EconomyJul 31
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U.S. consumer prices spiked in April as Iran war drove up energy costsU.S. consumer prices climbed sharply again last month as the 10-week war with Iran pushed energy prices higher.EconomyMay 12
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U.S. DOJ drops criminal probe into Federal Reserve chair Jerome PowellU.S. Attorney Jeannine Pirro said her office was ending its probe into the Fed’s extensive building renovations because the Fed’s inspector general would scrutinize them instead.U.S. NewsApr 24
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U.S. Fed holds interest rates again as Iran war creates inflation worriesIn a statement announcing the 3.6% rate hold, the central bank said that the 'implications of developments in the Middle East for the U.S. economy are uncertain.'U.S. NewsMar 18
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Trump names Kevin Warsh as new pick for Fed chair to replace PowellU.S. President Donald Trump said Friday that he will nominate former Federal Reserve official Kevin Warsh to be the next chair of the Fed.U.S. NewsJan 30
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