Fed hikes key interest rate for seventh time this year
The Federal Reserve has raised interest rates for the seventh time this year, while signaling that it is moving more cautiously as the U.S. economy...
Stocks seesaw as Wall Street mulls Powell’s comments signaling future rate hikes
Stocks whiplashed Thursday, moving between gains and losses as Wall Street weighed Federal Reserve Chair Jerome Powell's comments on the central bank continuing to fight...
Stock market drops after Fed Chair Powell’s Jackson Hole speech
Stock market drops after Fed Chair Powell's Jackson Hole speech - CBS News Watch CBS News The Dow Jones Industrial Average fell more than 1,000...
Fed says sharply higher rates may be needed to quell inflation
Federal Reserve officials were concerned at their meeting last month that consumers were increasingly anticipating higher inflation, and signaled that much higher interest rates could...