![Some economists now worry that a brief recession is inevitable because of these first few rate hikes. But if the Fed takes a victory lap too soon and slows the pace of future rate increases](https://kvia.b-cdn.net/2022/05/hypatia-h_3bcb4594ab4c1479690893fce38cdd2c-h_5ad75c137220a3189360c0b6d4df9346-300-375x225.jpg)
The Fed could have trouble avoiding a double-dip recession
By Paul R. La Monica, CNN Business The Federal Reserve finally seems prepared to whip inflation. The last time the Fed faced surging prices like…
Continue ReadingBy Paul R. La Monica, CNN Business The Federal Reserve finally seems prepared to whip inflation. The last time the Fed faced surging prices like…
Continue ReadingCNN By Nicole Goodkind, CNN Business So much for the good feelings on Wall Street. US markets fell sharply Thursday, eviscerating all of the gains…
Continue ReadingCNN, CNNBUSINESS By Julia Horowitz, CNN Business This newsletter yesterday highlighted warnings that market enthusiasm after the Federal…
Continue ReadingBy DAMIAN J. TROISE AP Business Writer NEW YORK (AP) — The U.S. dollar’s value surged in April as investors sought refuge amid a growing list of…
Continue ReadingROCHESTER, N.Y. (AP) — The World Video Game Hall of Fame has inducted four more games for their popularity and influence on the industry over time.…
Continue ReadingBy Jennifer Korn and Clare Duffy, CNN Business Update: This story was originally published on May 6. It has been updated to reflect the Supreme…
Continue ReadingCNN By Jennifer Korn and Clare Duffy, CNN Business A wave of new legislation taking aim at abortion rights across the country is raising concerns…
Continue ReadingCNN, HLN By Jennifer Korn and Clare Duffy, CNN Business A wave of new legislation taking aim at abortion rights across the country is raising…
Continue ReadingBy Alicia Wallace, CNN Business US labor productivity tumbled by 7.5% in the first quarter of 2022 — the largest decline in worker output per…
Continue ReadingBy Anna Bahney, CNN Business Mortgage rates rose this week, continuing an upward trend that has pushed rates more than two percentage points higher…
Continue ReadingBy CURT ANDERSON Associated Press ST. PETERSBURG, Fla. (AP) — The Walgreens pharmacy chain has reached a $683 million settlement with the state of…
Continue ReadingBy MAE ANDERSON AP Business Writer NEW YORK (AP) — Some small businesses are still struggling to hire qualified workers, even as the broader…
Continue ReadingCNN, CNNBUSINESS By Anna Bahney, CNN Business Mortgage rates rose this week, continuing an upward trend that has pushed rates more than two…
Continue ReadingBy Rachel Metz, CNN Business If you believe Mark Zuckerberg, the future is virtual. Last year, Meta plowed $10 billion into Facebook Reality Labs,…
Continue ReadingBy STAN CHOE AP Business Writer NEW YORK (AP) — Following a pressure campaign from outsiders, more companies are disclosing the racial breakdowns…
Continue ReadingBy Rachel Metz, CNN Business On a recent April afternoon I tossed a few things into a basket at Target — cereal, graham crackers, kids’…
Continue ReadingPRAGUE (AP) — The Czech Republic’s central bank has again raised its key interest rate, to the highest level in 23 years, to continue its fight…
Continue ReadingBy MATT OTT AP Business Writer WASHINGTON (AP) — More Americans applied for unemployment benefits last week but the total number of people…
Continue ReadingBy Matt Egan, CNN Business The Biden administration plans to seek bids this fall to buy 60 million barrels of crude oil as the first step in a…
Continue ReadingBy Jeanne Sahadi, CNN Business In a bid to curb high inflation, the US Federal Reserve on Wednesday increased its key short-term interest rate by…
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