Varney: Politicians will feel stagflation at the ballot box
Stuart Varney notes in his "My Take" that while Americans are feeling stagflation in their wallets, politicians will soon feel it at the ballot box.
How your student loans could be impacted by the Fed rate hike
Variable student loan rates are likely to rise after the Federal Reserve's March interest rate increases. This could mean higher monthly loan payments for some current borrowers.
Powell says Fed could raise interest rates faster to combat red-hot inflation
Federal Reserve Chairman Jerome Powell said Monday the central bank is prepared to more aggressively raise interest rates if policymakers conclude that doing so is warranted to curb inflation.
Russia, Ukraine crisis will hit global economy: NABE Survey
The Russia, Ukraine conflict is becoming a bigger headwind for the global economy as it recovers from the COVID-19 pandemic.
Fed rate hike sends mortgage rates soaring past 4%
Following the Federal Reserve's decision to raise rates, mortgage rates surged past 4% this week for the first time since 2019, according to Freddie Mac.
Fed governor says bigger rate hike may be needed to tame inflation, in contrast with Powell
Federal Reserve Governor Christopher Waller said Friday the U.S. central bank should consider enacting a half-point interest rate hike at some point this year and begin unwinding the balance sheet by July in order to combat "raging" inflation.
Fed's Bullard says interest rates need to rise above 3% to quell inflation
St. Louis Federal Reserve President James Bullard said Friday the U.S. central bank needs to raise interest rates much faster in order to combat the hottest inflation in four decades – or risk losing its credibility.
Wholesale inflation surges 10% in February: Here's how consumers are affected
Wholesale inflation surged in February, driven by rising gas prices. This could mean higher prices for consumers in the weeks to come.
Inflation will be long-term problem if Fed doesn’t ‘wake up and smell the coffee’: Art Laffer
Art Laffer warns of a 'deep recession' if the Fed doesn't raise rates more aggressively.
Oil price surge may ‘lead to recession’ amid Fed’s rate hike: Kyle Bass
Hayman Capital Management founder and CIO Kyle Bass on the Fed rate hike.
Here's how the Fed's rate hike could impact mortgages
Though mortgage rates do not follow the federal funds rate, they do typically follow the yield on the 10-year Treasury. Following the Fed's announcement, the 10-year Treasury yield spiked to 2.246%, its highest level since May 2019.
Federal Reserve raises interest rates: What to do now
In order to fight decades-high inflation levels, the Federal Reserve raised rates for the first time since 2018 on Wednesday.
ETFs that can benefit from rising interest rates
FOX Business provides a roundup of ETF opportunities where investors can benefit from rising interest rates.
Fed raises interest rates for first time in 3 years, projects 6 more hikes as inflation soars
The Federal Reserve on Wednesday announced it will raise rates for the first time since 2018, bringing to an end the ultra-easy monetary policy put in place two years ago to prop up the economy through the COVID-19 pandemic.
Senate committee to vote Wednesday on Biden's Fed nominees after Raskin bows out
The U.S. Senate Banking Committee plans to hold a meeting Wednesday to vote on advancing four nominees for the Federal Reserve, including the renomination of Chairman Jerome Powell.
Larry Summers' new warning: Fed heading for 'stagflation and recession'
Former Treasury Secretary Larry Summers slammed the Federal Reserve Wednesday for being too timid in its fight against inflation.
Biden Fed nominee Sarah Bloom Raskin withdraws board candidacy
Sarah Bloom Raskin, President Biden's embattled pick for the Federal Reserve's top banking regulator, withdrew her nomination on Tuesday, according to a source familiar with the matter, after Republicans and one key Democrat opposed her nomination.
McConnell to Biden: Pull 'radical and unacceptable' Fed nominee Raskin, who wants to 'raise gas prices'
Senate Minority Leader Mitch McConnell Tuesday said President Biden should "admit" his mistake and withdraw Fed nominee Sarah Bloom Raskin.
Rep. Hill torches Biden over inflation blame game ‘nonsense’
Rep. French Hill, R-Ark., slammed President Biden over his argument that rising prices in the United States have "nothing to do" with his administration’s policies.
White House stands by Fed nominee as Manchin jumps ship over her anti-US energy comments
The Biden administration on Monday said it will still push for the confirmation of controversial Federal Reserve Board nominee Sarah Bloom Raskin, despite a key Democratic senator pulling his support.