🎁 'Tis the season to support public service journalism Donate Now

What's Fed Chair Powell trying to tell us about future interest rate hikes?

Jun 21, 2023
Jerome Powell has stuck to the same script on whether more interest rate increases are coming — but that script has a cliffhanger ending.
Federal Reserve Chair Jerome Powell testifies before the House Financial Services Committee on Wednesday.
Stefani Reynolds/AFP via Getty Images

Can ChatGPT decode what the Federal Reserve is saying?

May 5, 2023
We ran some of the statements Fed Chair Jerome Powell made at his press conference this week.
Federal Reserve Board Chairman Jerome Powell delivers remarks at a news conference after the Fed's latest interest rate hike.
Anna Moneymaker/Getty Images

It's been one year since the Fed started raising interest rates to curb inflation

Mar 23, 2023
Back then it seemed like inflation might be what economists call "transitory." But here we are.
Economist Laurence Ball said many people including Fed Chairman Jerome Powell dismissed the inflation issue initially.
Chip Somodevilla/Getty Images
Fed Chair Jerome Powell has been used the phrase "financial conditions" 29 times in his last three press conferences.
Saul Loeb/AFP via Getty Images

Fed lifts rate by a quarter-point and signals more hikes ahead

Feb 1, 2023
The increase is smaller than previous rate hikes but marks the Fed's eighth hike since March in its fight to tame inflation.
Federal Reserve Chair Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting on Dec. 14.
Alex Wong/Getty Images

Should the Federal Reserve slow interest rate hikes?

Jan 19, 2023
We don’t yet know if the Fed's rate hikes have fully shown up in the economy. That could take many months.
For now, markets are assuming the Federal Reserve will ease up on rate hikes at its next meeting on Feb. 1.
Jim Watson/AFP via Getty Images

Fed hikes key rate by a half-point and signals more to come

Dec 14, 2022
Though smaller than its previous three-quarter-point hikes, the move will further heighten the costs of many consumer and business loans.
One of Fed Chair Jerome Powell’s biggest focuses has been the price of services, which he said are likely to remain persistently high.
Chip Somodevilla/Getty Images

For public good, not for profit.

What the stock market is signaling about the future of the economy

Oct 19, 2022
The ups and downs of the stock market don't always predict the future of the economy. But stocks can give us some clues about where investors think the economy is headed.
Higher interest rates have been a drag on stocks this year.
Michael M. Santiago/Getty Images

Why a Fed interest rate hike is bad news for poorer countries

Sep 21, 2022
A stronger U.S. currency is not so great when both your debt and the commodities you need to buy are both priced in dollars.
Inflation is a global problem, but the Federal Reserve in the U.S. is "the one driving the bus" when it comes to fighting it.
Mandel Ngan/AFP via Getty Images

Why has it taken so long for savings account interest rates to start rising?

Sep 16, 2022
The national average is still a paltry 0.13%, according to Bankrate, even as the Federal Reserve hikes interest rates.
Online banks tend to pay the highest rates on savings accounts because they don't have the same overhead costs as brick-and-mortar banks.
Frederic J. Brown/AFP via Getty Images