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Illustration of a bear trap with dollars in it
Illustration: Aïda Amer/Axios

Inflation pushes Fed to consider biggest rate hike in 28 years

The Federal Reserve building
The Fed's building in Washington. Photo: Joshua Roberts/Bloomberg via Getty Images
Erica Pandey
Updated Jun 11, 2022 - Economy & Business

America's hidden boom

Scorching hot inflation amplifies recession fears

Inflation rises 8.6%, the fastest pace in over 40 years

New research says inflation is rising faster than data suggests

Illustration of a large dollar bill sign balloon being held by a man who is floating slightly off the ground.
Illustration: Aïda Amer/Axios

Business CEOs admit the economy is in a storm

Jamie Dimon
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during a Bloomberg Television interview in London on May 4. Photo: Chris Ratcliffe/Bloomberg via Getty Images

White House will give Fed "space to do its job" to battle historic inflation

President Joe Biden speaks with Federal Reserve Board Chair Jerome Powell in the background
President Biden announces the reappointment of Fed Chair Jerome Powell in November 2021. (Photo: Alex Wong/Getty Images

The cold truth about paper wealth

Illustration of a saw cutting a gold bar.
Illustration: Aïda Amer/Axios