Fed Chair Powell says a double-sized rate hike is 'on the table' in May, making mortgages, car loans, and credit-card interest even more pricey

The Fed usually raises rates by 0.25 percentage points at each meeting. With inflation at 41-year highs, officials are picking up the pace.

View in browser Subscribe Business Insider brings you a personalized selection of our top business stories, every day. Was this email forwarded to you? Sign up for Business Insider here. Fed Chair Powell says a double-sized rate hike is 'on the table' in May, making mortgages, car loans, and credit-card interest even more pricey The Fed usually raises rates by 0.25 percentage points at each meeting. With inflation at 41-year highs, officials are picking up the pace. READ MORE Premium Facebook is on a Yahoo-like cliff. Insiders and investors fear Mark Zuckerberg's 'metaverse' pivot is an identity crisis the social-media company won't recover from. Facebook's unsure pivot to the 'metaverse' and challenges like executive departures and a low stock price have many comparing the company to Yahoo. READ MORE JPMorgan employees describe the 'fear of God' and 'panic' as the company tracks their office attendance JPMorgan is using ID swipes to track attendance as employees return to the office. Some staffers say this is creating an atmosphere of fear and panic. READ MORE Premium Amazon aggregator Razor Group set to acquire rival Factory14 in multi-million dollar deal as European market shows signs of consolidation The Berlin-based company will take on Factory14's whole team and portfolio, sources familiar with the deal said. READ MORE Scrub Daddy CEO only sleeps 'like 3 hours per night' because he's reading all the viral brand's social media comments The CEO in charge of sponge company Scrub Daddy said he sleeps "like three hours a night" and reads every social media response. READ MORE Premium YouTube channel LegalBytes has surged by livestreaming the Depp vs. Heard trial — and earned $5,000 in a week Alyte Mazeika, a law-focused YouTuber, has 64,000 subscribers at LegalBytes. Her streams of the trial have gotten over 10,000 concurrent viewers. READ MORE Elon Musk says Tesla hopes to produce a robotaxi with no steering wheel or pedals in 2024 Elon Musk said the robotaxi will be "a massive driver" of Tesla's growth and lacks a wheel and pedals because it's "highly optimized for autonomy." READ MORE Premium How ExodusPoint — the biggest hedge fund launch in history — continues to amass billions despite lackluster returns Michael Gelband and Hyung Lee's ExodusPoint debuted in 2018 with a record $8.5 billion in assets. Performance expectations have been high ever since. READ MORE Premium Brands can't wait to start advertising on Netflix. Here are 6 things ad buyers want from the streaming giant. Netflix's relevation that it's planning an an ad-supported tier has advertisers excited but also full of questions. READ MORE Premium A 25-year-old receives about $1,118 a month mining ethereum out of his house. He breaks down the graphics cards he bought, how much he paid, and key lessons learned. He factored in the cost of each graphics card, its electricity usage, and how much it mined to decide which cards had the best return on investment. READ MORE Email sent to: aymentanaze.news@blogger.com  |  Manage your email preferences  |  Unsubscribe Terms of Service  |  Privacy Policy © 2022 Insider Inc. 1 Liberty Plaza, New York, NY 10006

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