by The Associated Press | Sep 21, 2023
The Federal Reserve left its benchmark interest rate unchanged Wednesday for the second time in its past three meetings, a sign that it’s moderating its fight against inflation as price pressures have eased.
by The Associated Press | Sep 19, 2023
When they meet again this week, the central bank’s policymakers are likely to decide they can afford to wait and see if the progress continues, experts say.
by The Associated Press | Sep 8, 2023
The IRS announced on Friday it is launching an effort to aggressively pursue 1,600 millionaires and 75 large business partnerships that owe hundreds of millions of dollars in past due taxes.
by The Associated Press | Sep 5, 2023
Raphael Bostic, president of the Federal Reserve Bank of Atlanta and a member of the Fed’s interest rate policy committee, doesn’t think another hike is needed. But he’s watching how the current high interest rates are working their way through the economy.
by The Associated Press | Aug 25, 2023
The continued strength of the U.S. economy could require further interest rate increases, Federal Reserve Chair Jerome Powell said Friday in a closely watched speech that also highlighted the uncertain nature of the economic outlook.
by The Associated Press | Aug 24, 2023
The average long-term mortgage rate climbed further above 7 percent this week to its highest level since 2001, another blow to would-be homebuyers.
by The Associated Press | Aug 24, 2023
On Friday, Fed Chair Jerome Powell’s keynote speech at this year’s Jackson Hole conference will be scrutinized for any hints that the Fed intends to keep borrowing rates high for a prolonged period.
by The Associated Press | Aug 17, 2023
Most Federal Reserve officials last month still regarded high inflation as an ongoing threat that could require further interest rate increases, according to the minutes of their July 25-26 meeting released Wednesday.
by The Associated Press | Aug 9, 2023
WeWork is warning there’s “substantial doubt” about its ability to stay in business over the next year because of its financial losses and its need for cash, among other factors.
by The Associated Press | Aug 8, 2023
The stickiness of inflation could endanger the possibility that the Fed will achieve a rare “soft landing” for the economy.
by The Associated Press | Aug 2, 2023
Despite more than a year of widespread warnings that a recession was near, America’s economy is, if anything, accelerating.
by The Associated Press | Jul 31, 2023
Gus Faucher, chief economist at PNC Financial Services Group, has thoughts on whether the economy will remain resilient, and whether the Fed can achieve a notoriously difficult “soft landing.”
by The Associated Press | Jul 28, 2023
The nation’s biggest and most complex banks will need to hold additional capital on their balance sheets under an initial proposal by the Federal Reserve and FDIC.
by The Associated Press | Jul 27, 2023
“Whether a company loses a factory in a fire – or millions of files in a cybersecurity incident – it may be material to investors,” SEC Chair Gary Gensler said in a statement.
by The Associated Press | Jul 26, 2023
The Federal Reserve raised its key interest rate Wednesday for the 11th time in 17 months, a streak of hikes that are intended to curb inflation but that also carry the risk of going too far and triggering a recession.
by The Associated Press | Jul 24, 2023
After the Fed began aggressively raising borrowing costs early last year, most economists predicted it would send the economy crashing.
by The Associated Press | Jul 21, 2023
The Biden administration on Wednesday took steps to disclose the so-called “junk fees” charged by landlords.
by The Associated Press | Jul 14, 2023
In the deal, JPMorgan acquired 84 First Republic branches, bringing it $92 billion in deposits and $203 billion in loans and other securities.
by The Associated Press | Jul 13, 2023
Nonetheless, mortgage applications actually increased slightly from the prior week, driven by a rise in FHA and VA purchase applications.
by The Associated Press | Jul 13, 2023
Firefighters had to manually carry water up to an elevated platform to fight a small fire was reported underneath a car on a train at Charles/MGH.