Steve Matthews

November 15, 2022 | Daily Business Review

Fed Seen Sticking With Higher Peak Rate Despite Cooler Inflation

Federal Reserve officials remain resolute to continue their fight against inflation and not prematurely halt rate hikes in order to ensure a return to the 2% target, even as they acknowledge the economy could suffer pain and a possible recession.

By Steve Matthews and Sarina Yoo

4 minute read

October 20, 2022 | Daily Business Review

Economy Grew Modestly, But Recession Worry Dims Outlook

The Federal Reserve has been raising interest rates aggressively to try and cool demand to bring down consumer inflation that has remained above 8% for seven straight months.

By Steve Matthews

3 minute read

October 13, 2022 | Daily Business Review

Fed Worried About Risks of Doing Too Little on Inflation

Slammed by critics for being slow to respond to mounting price pressures, the Federal Reserve has unleashed the most aggressive tightening campaign since the 1980s.

By Craig Torres and Steve Matthews

4 minute read

September 16, 2022 | Daily Business Review

Fed Seen Raising to 4% in 2022, Signaling Higher for Longer

Federal Reserve Chair Jerome Powell has been vague about how high interest rates might go and in July said the Fed would make policy "meeting by meeting."

By Steve Matthews and Sarina Yoo

5 minute read

September 06, 2022 | Daily Business Review

Fed's Long-Sought Neutral Goal Proves Elusive, Moving Target

Most Federal Reserve leaders have suggested that they would be willing to err on the side of a too-tight policy to ensure bringing down inflation and avoid an undesirable rise in inflation expectations that could be hard to reverse later on.

By Steve Matthews and Sarina Yoo

5 minute read

May 05, 2022 | Daily Business Review

Fed Hikes Rates as Powell Signals Similar Moves Ahead

"Inflation is much too high and we understand the hardship it is causing and we are moving expeditiously to bring it back down," Federal Reserve Chair Jerome Powell said.

By Matthew Boesler and Steve Matthews

5 minute read

February 02, 2022 | Daily Business Review

Fed Won't Be Rushed in Its Hiking Path by Wall Street Frenzy

With the inflation rate near a 40-year high, Federal Reserve Chair Jerome Powell said the Federal Open Market Committee had penciled in a rate hike for its March 15-16 policy meeting.

By Steve Matthews

5 minute read

June 16, 2017 | Daily Business Review

Don't Underestimate This US Expansion: It's Headed to a Record

This U.S. expansion may be moving like a tortoise, but it's on its way to win the race.

By Sho Chandra and Steve Matthews

10 minute read

September 11, 2008 | Daily Report Online

Fed loans may give Lehman breathing room Bear lacked

Access to Federal Reserve loans means Lehman Brothers Holdings Inc., which has plunged this week on concern about its capital, may have breathing room that Bear Stearns Cos. lacked before its abrupt collapse. The program instituted in the aftermath of the Bear Stearns debacle, the Primary Dealer Credit Facility, could be used for funding while officials, regulators and executives find alternative sources of cash, Fed watchers said.

By Scott Lanman and Steve Matthews

5 minute read

August 04, 2009 | Daily Report Online

Nobel winner sees 'long slog' for economy

Just as banks from JPMorgan Chase Co. to Deutsche Bank Securities Inc. rushed to raise their forecasts for U.S. growth in coming quarters, Nobel laureate Edmund Phelps warned the economy is in for a "long slog." The divergence emerged after the Commerce Department said July 31 the economy has now contracted the most since the 1940s.

By SCOTT lANMAN and STEVE MATTHEWS

5 minute read

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