Jerome Powell

The Fed has kept an eye on labor statistics in recent months with the hopes of gauging the odds of a recession

Overall economic activity appears to have slowed a bit, Fed officials wrote in their statement released Wednesday, but employment remains high

The economy added 372,000 jobs in June, but the unemployment rate was 3.6% — unchanged from May

Central bankers lowered their growth forecasts for the second half of 2022 and 2023, despite a rebound in GDP during the second quarter of 2022

Central bankers predict elevated unemployment rates, prolonged higher prices and a slowdown in economic activity going forward

The Federal Reserve’s plan is aimed at tightening credit and cooling down inflation, but what’s the collateral damage?

The Fed is raising interest rates and shrinking its balance sheet to combat the highest inflation in four decades

Bitcoin and equities rallied late in the session, suggesting rate hikes may be mostly priced in and may not push markets down in the future

Increased concerns with rising inflation, ongoing supply chain pressures and the war in Ukraine are leading to greater financial hardships for Americans, the Fed said

Investors are likely expecting a non-aggressive approach to interest rates following Wednesday’s change, leading to a jump in markets