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Federal Reserve

US Fed Interest Rate Hike is Highest in Nearly 30 Years

The US Federal Reserve's decision to raise interest rates by three quarters of a percent on Wednesday—the biggest hike since 1994—was designed to rein in the country's overheated economy and fast-rising inflation, which have led to price spikes market...

JP Morgan Boss Jamie Dimon Warns of Economic “Hurricane”

Jamie Dimon, chairman and chief executive of JP Morgan Chase, described the challenges facing the US economy as akin to a “hurricane” down the road. Dimon’s comments come a day after US President Joe Biden met Federal Reserve Chairman Jerome...

Calamos CEO John Koudounis: Fed’s Challenge to Secure “Soft Landing”

Calamos President & CEO John Koudounis cautioned on the need for a "soft landing" for the economy as the Federal Reserve (Fed) is widely expected to raise interest rates on Wednesday. The Fed is expected to raise interest rates by...

US Fed Raises Interest Rates for First Time Since 2018 to Stem Inflation

The US Federal Reserve announced a quarter-percentage point interest rate increase on Wednesday, nearly two years to the day the central bank slashed its benchmark federal funds rate to zero amid the recession triggered by the COVID-19 pandemic. "It's clearly...

Is the U.S. Dollar Going Digital?

As the U.S. dollar is entering the crypto age, the U.S. government is considering the tremendous change the digital dollar would bring. According to a Bloomberg report, the guidance will come through three pending reports related to public and private...