Regular Americans have felt the sting of inflation for months, and the Fed's effort to lower it so far have already made it harder for many consumers.
Fed's third consecutive rate hike comes after monthly inflation rate unexpectedly rose last month signaling aggressive hikes remain in place longer.
Department of Energy will offer additional US reserve crude for sale ahead of plans by the European Union to ban most Russian oil in December.
Based on pre-written remarks, JPMorgan Chief Jamie Dimon “There are headwinds and tailwinds, making it challenging to predict the future.”
Bank CEOs to be grilled by lawmakers on issues, from state of economy to stances on hot-button issues including abortion and fossil-fuel lending.
Fed in charge of monetary policy. Its dual mandate to promote “maximum employment, stable prices in economy.” Stable prices keep inflation in check.
Fed officials are on track to raise interest rates by 75 basis points for the third consecutive meeting this week and signal they’re heading above 4%.