Fed hikes rates 75 basis points, intensifying inflation fight
Federal Reserve officials raised their main interest rate by three-quarters of a percentage point - the biggest increase since 1994 ...
Tag: Federal Reserve
US inflation quickens to 40-year high, pressuring Fed and Biden
US inflation accelerated to a fresh 40-year high in May, a sign that price pressures are becoming entrenched in the ...
Job growth in US tops estimates, signaling optimism on economy
US employers hired at a robust clip in May while wage gains held firm, suggesting the economy continues to power ...
S&P Global: Subprime delinquencies likely lower than previously reported
Subprime auto delinquencies in March are likely performing better than recently reported, largely due to “double counting” between late-stage delinquencies ...
Fed hikes rates half point, will shrink assets to curb inflation
The Federal Reserve raised interest rates by the steepest increment since 2000 and decided to start shrinking its massive balance ...
Fed: Spring brings continued vehicle supply woes, increased delinquencies
The auto finance industry continues to feel the ramifications of tight vehicle supply as lenders keep a close eye on ...
Powell backs front-loading Fed rate hikes, says half-point on table
Federal Reserve Chair Jerome Powell blessed a half-point interest-rate hike next month and signaled support for further aggressive tightening to ...
New federal statute eases burden on LIBOR transition
NEW YORK — A new federal statute tied to the Consolidated Appropriations Act should ease the burden on bank-regulated lenders ...
