Interest Rates

Fed Chair Powell told the House Financial Services Committee that he backs a quarter-point interest-rate hike this month, and he didn't rule out a larger move in the near future.

Addressing the big unknowns in the transition from LIBOR to SOFR.

Fed and ECB strategy of moderation is fraught with risks. Still, one Fed president says, "abrupt and aggressive action can actually have a destabilizing effect on growth and price stability. The most important thing is to be measured at our pace."

But Chairman Powell backs a March liftoff on interest rate hikes and won't rule out an increase at every meeting.

The Federal Reserve may act quickly on interest rates to keep a handle on inflation.

Is the market headed to a world with multiple reference rates?