Substantial fines were paid by some of the banks for some of their ill considered operations during the runaway times. None of this would have happened had not the Treasury, the Federal Reserve and the White House made up their minds to spend whatever was necessary to save Wall Street back in 2008.
Two major central banks meet this week with economists expecting the Bank of England to focus on inflation, and the U.S. Federal Reserve to respond to strong economic data with a rate rise. Ciara Lee reports. Video provided by Reuters
The Federal Reserve Bank of Philadelphia said that manufacturing activity continued to be healthy in its district in March. The composite index of general business activity eased somewhat from 25.8... The post Philly Fed: Manufacturers Continue to Report Healthy Expansion in March appeared first on Shopfloor.
Manufacturing activity in the New York Federal Reserve Bank’s district continued to show solid gains in manufacturing activity in March. In the latest Empire State Manufacturing Survey, the composite index... The post New York Fed: Continued Solid Gains in Manufacturing Activity in March appeared first on Shopfloor.
Fed's Beige Book "This report was prepared at the Federal Reserve Bank of San Francisco based on information collected on or before February 26, 2018. "Economic activity expanded at a modest to moderate pace across the 12 Federal Reserve Districts in January and February. Show More Summary
The new chief of the Federal Reserve said Thursday that a cap it placed on the growth of Wells Fargo & Co. after widespread consumer abuses would not be easily lifted — but the bank would not have to fully implement reform plans before it was removed. Fed Chairman Jerome H. Powell sparred over...
In 2015 the Federal Reserve Bank of New York reported there were 117,000 jobs at tech companies in New York City, and noted that inclusion of self-employed freelancers would make the number somewhat... To view the full story, click the title link.
New Federal Reserve Chairman Jerome H. Powell is expected to say Tuesday that the central bank will try to balance economic growth with the potential for “an overheated economy” now that “fiscal policy is becoming more stimulative” with tax cuts and increased federal spending. In his first extensive...
The Dallas Federal Reserve Bank reported that manufacturing activity expanded in February at its fastest rate since December 2005, with the Texas economy continuing to rebound with robust growth. The... The post Texas Manufacturing Sentiment Expanded in February at Fastest Rate since December 2005 appeared first on Shopfloor.
Men in their prime working years have left the labor force at an astonishing rate and they may never return if the state of the U.S. job market holds, according to a new report from the Federal Reserve Bank of Kansas City.A decline in...Show More Summary
I am here today: Economic Fluctuations and Growth Research Meeting Andrew Atkeson and Monika Piazzesi, Organizers Federal Reserve Bank of San Francisco February 23, 2018 Friday, February 23 9:00 am Fatih Guvenen, University of Minnesota and NBER Gueorgui Kambourov, University...
The Federal Reserve remains a deeply white-male and bank-centric institution despite ex-Fed Chair Janet Yellen's efforts to boost diversity; she was the central bank's first female leader in over 100 years. A new report from Fed Up finds...Show More Summary
The Kansas City Federal Reserve Bank said that manufacturing activity continued to expand strongly in February, building on solid growth seen for the past year. The composite index of general... The post Kansas City Fed: Manufacturing Outlook Remained Very Optimistic, but Firms See Accelerating Costs appeared first on Shopfloor.
From the Kansas City Fed: Tenth District Manufacturing Posted Continued Solid GrowthThe Federal Reserve Bank of Kansas City released the February Manufacturing Survey today. According to Chad Wilkerson, vice president and economist at...Show More Summary
Interest rates are on the rise and banks may be calling The Federal Reserve singing “Where Were You When I Need You? The post January C&I Lending Growth Only 1.2% YoY As Interest Rates And Bank Stress Increase was originally published at The Wall Street Examiner. Follow the money!
Is Bitcoin a Waste of Resources? Stephen Williamson Federal Reserve Bank of St. Louis, Early Edition 2018 Abstract: Do Bitcoin and other cryptocurrencies play a useful social role, or do they represent a social waste? Bitcoin is a decentralized recordkeeping system, with updating of the record of transactions in the blockchain. Show More Summary
The Federal Reserve Bank of Philadelphia said that manufacturing activity accelerated once again in February, continuing to expand at healthy rates in the first two months of 2018. The composite... The post Philly Fed: Manufacturing Activity Expanded Solidly in February, with Prices Accelerating Strongly appeared first on Shopfloor.
Manufacturing activity in the New York Federal Reserve Bank’s district eased somewhat in February but remained strong overall. In the latest Empire State Manufacturing Survey, the composite index of general... The post New York Fed: Manufacturing Activity Remained Strong but Eased in February; Input Costs Accelerated appeared first on Shopfloor.
Authored by Paul Craig Roberts, For many decades the Federal Reserve has rigged the bond market by its purchases. And for about a century, central banks have set interest rates (mainly to stabilize their currency’s exchange rate) with collateral effects on securities prices. Show More Summary
The Cleveland Fed released the median CPI and the trimmed-mean CPI this morning:According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.3% (4.2% annualized rate) in January. The 16% trimmed-mean Consumer Price Index also rose 0.3% (3.5% annualized rate) during the month. Show More Summary