Jerome Powell

Business

Here’s what the Wells Fargo cross-selling scandal means for the bank’s growth

Wells Fargo is one of the oldest and most powerful banks in the United States. Its reputation today is in…

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USA News

Inflation hits 8.2% in September — higher than expected — as rent, food prices soar

US inflation surged 8.2% in September — a steeper-than-expected increase as stubbornly high rent and food costs look poised to…

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Business

Inflation cut in half: Moody’s Analytics’ Mark Zandi sees major relief within six months

The U.S. will see inflation cut in half within six months, according to Mark Zandi of Moody’s Analytics. His call,…

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Vegas News

Stocks rally after new report shows job openings fell in August

Stocks rally after new report shows job openings fell in August – CBS News Watch CBS News Investors are hoping…

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Business

Why the Federal Reserve won’t be so quick to ease up on its fight against inflation

Jerome Powell, chairman of the US Federal Reserve, speaks during a Fed Listens event in Washington, D.C., US, on Friday,…

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Vegas News

Dow hits bear market territory during intraday trading

Dow hits bear market territory during intraday trading – CBS News Watch CBS News The Dow Jones Industrial Average entered…

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Vegas News

Federal Reserve hikes key interest rate 0.75 percentage point

Federal Reserve hikes key interest rate 0.75 percentage point – CBS News Watch CBS News The Federal Reserve approved a…

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Vegas News

Stock market reacts to Federal Reserve raising interest rate by 75 basis points

Stock market reacts to Federal Reserve raising interest rate by 75 basis points – CBS News Watch CBS News Stocks…

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Business

Fed raises rates by another three-quarters of a percentage point, pledges more hikes to fight inflation

The Federal Reserve on Wednesday raised benchmark interest rates by another three-quarters of a percentage point and indicated it will…

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Business

Here’s what changed in the new Fed statement

This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting on July 27.…

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