Economy

Fitch ramps up U.S. rate hike forecast

Rate rises to accelerate as Fed pivots on inflation

By James Langton |January 11, 2022

2 min read

`If we have to raise interest rates more over time, we will,’ Powell says

The Fed chair said Tuesday that inflation poses a major threat to the job market

By Christopher Rugaber, The Associated Press |January 11, 2022

4 min read

World Bank downgrades growth forecast

Outbreaks, bottlenecks expected to slow global growth

By Paul Wiseman, The Associated Press |January 11, 2022

2 min read

Fed vice-chairman Richard Clarida resigns amid trading scandal

Clarida was scheduled to finish his term this month but will instead resign about two weeks early

By Christopher Rugaber, The Associated Press |January 10, 2022

1 min read