Federal Reserve policymakers have targeted a "soft landing" for the U.S. economy since beginning their effort a year ago to tame runaway inflation by hiking interest rates. That is, they believed they could do so without sending the U.S. into recession.
The Federal Reserve raised interest rates by a quarter-point on March 22, 2023, bowing to market expectations that it would temper its aggressive program of rate hikes amid a still-brewing banking crisis.
The Federal Reserve announced a key interest rate hike Wednesday, the ninth time it has done so since early 2022 in its effort to combat rising inflation.
U.S. Treasury Secretary Janet Yellen said Tuesday that more bank bailouts could be coming.
The Federal Reserve faces a pivotal decision on March 22, 2023: whether to continue its aggressive fight against inflation or put it on hold.
Colorado's average gas price has declined over the last week, as prices nationally have also gone down.
Inflation has outpaced wages for nearly two years, recently released federal data shows.
Wyoming and Montana are among the states that are most dependent on the federal government, according to a new ranking.
Colorado's state economists gave favorable reports on employment and inflation but expressed concern about the risk of recession during Thursday's Joint Budget Committee hearing.
Just one day after Treasury Secretary Janet Yellen told Margaret Brennan on Face the Nation that "investors and owners of systemic large banks" will not be bailed out of the Silicon Valley Bank failure, she made good on her statement.
