inflation

Why is the Federal Reserve pushing unemployment up?

Federal Reserve Chairman Jerome Powell said on Wednesday that it would be nearly impossible for a central bank to beat inflation without hundreds of thousands of Americans losing their jobs. Federal Reserve officials expect the unemployment rate to rise to 4.4 percent next year, up from 3.7 percent in August, as they raise borrowing costs …

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The Turkish lira hits a new record low against the dollar as investors prepare for another interest rate cut

An electronic board displays exchange rate information at a currency exchange office in Istanbul, Turkey, on Monday, August 29, 2022. Nicole Tong | Bloomberg | Getty Images The Turkish lira hit a new record low on Thursday, trading at 18.377 against the dollar at 11:30 am in Istanbul, and it continues to drop more than …

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Fed again advances interest rate hike by three-quarters of a straight point | CNN Business

Washington DC CNN Business – The Federal Reserve made history on Wednesday, agreeing to a third consecutive hike of 75 basis points in a strong move to tackle the severe inflation plaguing the US economy. The massive rally, which could not be understood by markets just months ago, is taking the central bank’s benchmark lending …

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CNBC survey shows that the Fed is now expected to keep raising rates and then keep them there

US Federal Reserve Chairman Jerome Powell gives a press briefing after the surprise announcement of the Federal Reserve’s interest rate cut on March 3, 2020 in Washington, DC. Eric Bardat | AFP | Getty Images It seems that Wall Street is finally embracing the idea that the Fed will raise interest rates into restricted territory …

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