hikes

The Federal Reserve’s Open Market Committee is holding their March meeting today. At the end of last year, most investors believed that inflation was continuing to fall, and the Fed would cut…

The producer price index (PPI) rose more than double expectations in February as inflation continues to run hot despite anticipation of an interest rate cut from the Federal Reserve, according to…

UBS just raised its S & P 500 year-end target to the highest among major Wall Street banks, saying it was "not bullish enough." The bank now expects the broad market index to end the year at 5,400, 8% above Friday's close.…

by Will Kessler   Federal Reserve Chair Jerome Powell raised the possibility of more interest rate hikes in prepared remarks Friday as inflation remains above the Fed’s target rate. Powell (pictured above) hinted that the Fed will…

Budgets are about priorities. In the Biden administration’s new budget, its apparent priorities are marred by problems. Here’s the cheat-sheet version: Rather than containing explosive growth in spending, it would use a…

Prices grew 0.4% on a monthly basis in February, falling slightly from January, the Bureau of Labor Statistics (BLS) reported Tuesday, as economists questioned the impact of the report on the…

The U.S. added 223,000 jobs in December, surpassing investor expectations by roughly 20,000 and cooling from the roughly 270,000 jobs added in November, according to the Bureau of Labor Statistics Friday. Although December’s jobs…

by Just the News Staff   The Federal Reserve on Wednesday announced a reduced but still notable hike in U.S. interest rates, with the central bank moving to hike rates by half a percentage point as part of its ongoing efforts to tamp…

Walmart could face store closures and price increases due to large-scale retail theft, CEO Doug McMillon told CNBC Tuesday. Large-scale shoplifting has become a growing issue for major retailers in recent years, with some CEOs…

by Brett Rowland   Fitch Ratings said Friday that the outlook for state and local governments was “deteriorating” and an expected recession could put pressure on state and local governments to raise property taxes. “Local governments…