Fed chair Jerome Powell opted for a cautious approach on rates. Alex Wong/Getty Images

Federal Reserve bows to bank‑crisis fears with quarter‑point rate hike, letting up a little in its fight against inflation

The Fed raised rates by a quarter-point – less aggressive than had been expected before the current banking crisis, but signaling inflation is still its focus.
Gordon Gekko of ‘Wall Street’ may be the fictional face of insider trading. Ilona Gaynor/flickr

What’s insider trading and why it’s a big problem

A bipartisan group of US lawmakers is pushing for a ban on active trading by members of Congress following accusations that some of their colleagues may have engaged in insider trading.
All eyes are on Fed Chair Jerome Powell as the central bank prepares to raise rates for the first time in three years. Brendan Smialowski/Pool via AP

Federal Reserve plans to raise interest rates ‘soon’ to fight inflation: What that means for consumers and the economy

The US central bank said surging inflation is guiding its decision about when to lift interest rates. Two experts on financial markets explain what might happen next.

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