Fitch Ratings on Tuesday presented another gloomy report by suggesting that the US economy may witness a 1990-style mild recession, starting spring next year. A combination of stubborn inflation and the US Central Bank's three consecutive interest rate hikes will lead to such a recession, explained the credit rating agency.

US economy may sink into mild recession next spring, reminiscent to 1990: Fitch Ratings

A key US inflation measure due Thursday is set to return to a four-decade high, underscoring broad and elevated price pressures that are pushing the Federal Reserve toward yet another large interest-rate hike next month.

World Business Watch: Core US inflation rises to 40-year high, Fed expected to extend rate hikes

Core US inflation rises to 40-year high, Fed expected to extend rate hikes

US Federal Reserve has raised interest rates by three-quarters of a percentage point for the third consecutive time and forecast further aggressive increases to tame record-high inflation.

US Federal Reserve raises interest rates for third straight time, sees more increases ahead

Wall Street’s major indexes ended a choppy session on Monday as investors looked to this week’s policy meeting at the Federal Reserve and how aggressively it will raise prices.

World Business Watch: Wall Street ends choppy session higher with firm focus on Fed

The world's largest economy, the United States of America is struggling with a 40-year high inflation. US federal reserve is poised to unleash another interest rate hike on Wednesday after the latest data showed a worrying US inflation picture.

World Business Watch: US Fed reserve set for another rate hike on Wednesday

Global markets tumbled after a hawkish assessment by US Federal Reserve chair Jerome Powell. The richest Americans lost nearly $78 billion after the 8-minute speech. Palki Sharma tells you why central banks alone cannot solve this crisis.

Gravitas: Markets tumble as US Fed hints at more rate hikes

The US dollar surged to a 20-year high against a basket of currencies on Monday after Federal Reserve Chair Jerome Powell signaled interest rates would be kept higher for longer to bring down soaring inflation.

US Dollar hits 20-year high as Fed flags higher rates for longer

Democratic US Senator Elizabeth Warren said on Sunday that she was very worried that the Federal Reserve was going to tip the nation's economy into recession and that interest rate hikes would put people out of work.

US Senator: Fed will tip US into recession

US Fed Chair Jerome Powell's speech at the Federal Reserve's annual forum has sent jitters to markets causing a crash. His announcement that interest rates would continue to rise and stay high cost America's richest people to lose close to 78 billion dollars.

FED Chief's speech causes markets to crash, Powell says more rate hikes to come

US Fed chair Chair Jerome Powell addressed annual central bankers gathering. He said taming inflation will inflict pain on Americans and Fed could keep lifting rates sharply for 'some time'.

US inflation woes: No sign of relief for millions of Americans

Central bank FED has hiked interest rates in succession but now the minutes of last month's policy meetings show that there is little evidence that US inflation pressures were easing and settled.

Fed minutes show more rate hikes in the pipeline, but pace could slow

On Friday, the Japanese yen experienced the biggest decline against a strengthening U.S. dollar as a two-day rise in stocks acknowledged market expectations that the Fed will need to take additional action to keep inflation under control.

Japanese yen weakens against dollar fearing Fed's super-charged tightening policy

On Thursday, several U.S. Federal Reserve officials pushed back against rumours that they might limit the pace of interest rate increases, which helped the dollar gain ground.

Dollar surges reversing previous two-week trend as Fed officials anticipate further rate hikes

The United States Federal Reserve has once again hiked the interest rate by 0.75%, this as the country's inflation level has touched 40-year high. This is the second in a row and fourth time this year, that the Fed has raised interest rates.

Joe Biden's address on U.S. inflation | Fed attacks US inflation with 75 basis point hike

Amid the ongoing global recession worries, the US Fed has hiked rates by 75 bps. Fed has also hinted at further rate hikes in the future.

US Fed hikes interest rates for the fourth time this year

Wall Street rallies after the US Fed hikes rates by 75 bps

The US Federal Reserve raised its benchmark interest rate by 75 basis point. This is the biggest and most aggressive interest rate increase since 1994. The Federal Open Market Committee said that it decided to raise the target range for the benchmark borrowing rate to 1.5%-1.75%.

Federal reserve raises benchmark rates, biggest interest rate hike in 3 decades

All eyes are on US central bank Fed's decision on interest rates. There are predictions that the Fed could increase rates by 0.75% in the United states. This will be the biggest interest rate hike.

Wall Street slips into a bear market, all eyes on US fed interest rate hike

The Federal Reserve’s decision to hike interest rates rattled Wall Street on Thursday as major US stocks tanked at the stock market. The S&P 500, Dow and Nasdaq plunged sharply, with losses accelerating during intraday trading.

Dow, Nasdaq plunge sharply on account of US Fed hike, markets expected to remain volatile

As the United States battles with too-high inflation, The US fed signals more rate hikes in 2022. Powell said that More aggressive rate hikes if needed.

Powell: More aggressive rate hikes if needed as the US battles with too-high inflation

Central Bank Federal Reserve is likely to hike interest rates this March and has reaffirmed plans to end its bond purchases.

US: Central Bank Federal Reserve is likely to hike interest rates in March

Worries about the possibilities of a quicker rate hike from the US Fed Reserve have dragged the global markets down. Indian markets have witnessed marginal recovery after falling for six-straight days.

Anxiety over US Fed decision drags down markets

The United States Federal Reserve said that it would end its pandemic-era bond purchases in March and pave the way for three quarter-percentage-point interest rate hikes by the end of 2022 as the economy nears full employment and the US central bank copes with a surge of inflation.

US Federal Reserve signals three rate hikes in 2022 as inflation fight begins

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