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US Fed lifts rates, Powell leaves door open to another hike in September
Powell made no promises either way, with a September meeting eight weeks from now considered "live" for another rate increase, though a continued slowing of inflation and weaker economic data may also prompt policymakers to pause.
US debt ceiling crisis: How big banks are preparing for possible default
What happens if the US defaults on its debt? Can you even prepare for an event that many expect would trigger the worst global recession since the 1930s?
US Federal Reserve increases key interest rates for the tenth time, signals potential pause
Fed officials have in recent weeks suggested that the tighter lending conditions after Silicon Valley Bank's (SVB) dramatic collapse in March could act like an additional rate hike and help bring down inflation
Explained: Why a recession is likely to hit the US
From increased inflation to US banks going bust and weakened demand for diesel, several factors have intensified fears of a recession in the United States. Experts say a recession remains ‘likely’ this year and that the Federal Reserve is in a tight spot
WATCH: US Fed chair Jerome Powell pranked by Russians posing as Zelenskyy
In one of the viral videos, Fed chair Jerome Powell could be heard praising Russia's central bank chief Elvira Nabiullina for managing the country's economy amid Western sanctions
The US economy expects a recession soon: How will we know when it begins?
The US economy grew at a 1.1 per cent annual rate last quarter, signalling that one of the most-anticipated recessions in recent US history has yet to arrive. Many economists expect it to hit as soon as the current April-June quarter
How the failure of Silicon Valley Bank might have affected the entire financial system
Research suggests that a run-on deposits at Silicon Valley Bank and Signature Bank could have set off a cascading series of bank failures, crippling small businesses and economic activity across wide parts of the country
US hiring slows in March as world's largest economy shows signs of cooling as authorities battle inflation
The labour market data is highly followed for its possible influence on the Federal Reserve's policy choices, but analysts predict the most recent results will not be enough to cause the central bank to suspend its interest rate rises
America adds nearly 236,000 jobs in March as unemployment rate dips to 3.5%
So far, the economy has proved resilient in the face of ever-higher borrowing costs. America’s gross domestic product — the economy’s total output of goods and services — expanded at a healthy pace in second half of 2022. Yet recent data suggests that the economy is losing momentum
US lawmakers slam regulators for Silicon Valley Bank oversight failures
The Senate Banking Committee grilled senior Federal Reserve, Treasury and Federal Deposit Insurance Corporation (FDIC) officials about their inability to prevent the collapse of the Californian lender on 10 March
How China has replaced the US in bailing out middle-income countries
According to new data, China is providing ever more emergency loans to countries, including Turkey, Argentina, and Sri Lanka. In many ways, China has replaced the United States in bailing out indebted low- and middle-income countries
US mulls more support for banks while giving First Republic time
US banks have sought record amounts of emergency liquidity from the Federal Reserve in the past month after the failures of Silicon Valley Bank and Signature Bank
Dollar eases as traders weigh Federal Reserve's rate path, yen rises
The Fed on Wednesday raised interest rates by 25 basis points, as expected, but took a cautious stance on the outlook because of banking sector turmoil even as Fed Chair Jerome Powell kept the door open on further rate increases if necessary
Bank of England hikes rates like Fed amid financial turmoil
Britain’s central bank boosted its key rate by a quarter-percentage point to 4.25% on Thursday, a day after the US Federal Reserve approved a similar move to tame inflation that is crimping household budgets and slowing economic growth
Fed raises key rate by quarter-point despite bank turmoil
The Fed's signal that the end of its rate-hiking campaign is in sight may also soothe financial markets as they digest the consequences of the US banking turmoil and the takeover last weekend of Credit Suisse by its larger rival UBS
US wholesale inflation fell unexpectedly in February on lower food costs
The producer price index dropped 0.1 per cent in February from a month ago, the Labor Department said, after a 0.3 per cent increase in January
Federal Reserve criticised for missing red flags before bank collapse
The Fed was the primary federal supervisor of the bank based in Santa Clara, California, that failed last week. The bank was also overseen by the California Department of Financial Protection and Innovation
Why another high inflation report may not cause Fed to hike
With bank share prices cratering Monday and fears of further financial instability roiling markets, most economists now expect the Fed to pause its rate hikes next week to avoid causing any further instability at a delicate moment for the banking system
Explained: Why Silicon Valley Bank and Signature Bank failed so fast
Silicon Valley Bank and Signature Bank failed so quickly that they could become textbook examples of classic bank runs, in which a large number of depositors withdraw their funds from a bank at the same time
Silicon Valley Bank collapse: What happens to customers? Are their deposits secure?
After the collapse of California’s Silicon Valley Bank, its customer deposits are now under the control of the Federal Deposit Insurance Corporation. Insured depositors with up to $250,000 in their accounts will be able to access their money Monday. What happens to the rest?