According to the Federal Reserve Bank of New York, the average American credit score was 699 as of March 2015. The data goes back to 2003, and scores have never been higher. If current trends continue, the average American credit score could cross 700 in the next few months. As credit scores [...]
The Labor Department's June employment report broadly confirmed the Federal Reserve's narrative about how the U.S. economic expansion is unfolding in 2015.
Andrew Harrer/Bloomberg News Janet Yellen, chair of the U.S. Federal Reserve, listens to a question during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C. Bond exchange-traded funds are rallying after Friday’s lackluster jobs report, but the latest report didn’t add much to the conversation. A hot jobs number would [...]
(Reuters) The U.S. Federal Reserve has launched a study to see if U.S. Treasury markets are being hampered by a lack of liquidity
(Reuters) - U.S. short-term interest-rate futures contracts rose on Thursday as a weaker than expected government report on jobs prompted traders to put on bets the Federal Reserve will wait to raise interest rates until next year. Futures...Show More Summary
The numbers reflect a job market moving close to full health and raise expectations that the Federal Reserve will start raising interest rates as early as September.
By Sweta Singh (Reuters) - U.S. stock index futures rose slightly on Thursday ahead of a critical job report that could feed into the U.S. Federal Reserve's decision on when to increase interest rates. Non-farm payrolls are expected to have increased by 230,000 in June, with the unemployment rate declining to 5.4 percent from 5.5 percent. Show More Summary
If Stanley Fischer, Vice Chair of The Federal Reserve Board of Governors, is correct that the US is near full employment, then today’s Mortgage Bankers Association (MBA) applications release is bad news.
America's employers say they are finding it harder to find high-quality workers, which could soon fuel a boost in wage growth and help convince the Federal Reserve to hike interest rates. The Labor Department's monthly jobs report due...Show More Summary
Federal Reserve Governor pushes back against industry complaints on post-crisis reform.
WASHINGTON (Reuters) - The U.S. Federal Reserve has launched a study to see if U.S. Treasury markets are being hampered by a lack of liquidity, an issue some investors and others have cited as a potential risk to financial stability, Fed board member Lael Brainard said on Wednesday. Show More Summary
Federal Reserve Governor Lael Brainard on Wednesday pushed back against industry complaints that post-crisis reforms to financial regulation are reducing market liquidity--the ability to buy and sell securities quickly--and potentially laying the groundwork for another bout of turmoil.
Alan Diaz/AP By Richard Leong NEW YORK -- U.S. private employers added 237,000 jobs in June, the biggest gain since December, suggesting further improvement in the jobs market which may allow the Federal Reserve to raise interest rates...Show More Summary
U.S. private employers added 237,000 jobs in June, the biggest gain since December. News of the increase has many analysts believing the Federal Reserve will follow through on its promise and raise interest rates later this year. In a survey... Read more The post The Private Sector Added 237,000 Jobs In June appeared first on Business Pundit.
After sweating through several days of the expected Greek default, it is nice when the Central Bankers provide us with humor to help keep our sanity. Federal Reserve Vice Chairman Stanley Fischer claims that the USA is finally near full employment! Well, the number of people NOT in the labor force is greater than 37% […]
The Great Recession pushed many white collar workers into starting a business when they lost their jobs. Many of these firms were solo operations. A recent study by the Federal Reserve Board sheds interesting light on such new business creation during that period and how the founders of both startups [...]
Federal Reserve Bank of St. Louis President James Bullard said Tuesday Greek economic problems are unlikely to affect the U.S., leaving the Fed on track for rate rises later this year.
To the editor: I really must agree with former Federal Reserve Chairman Ben S. Bernanke and his opinion that the excellent Alexander Hamilton should remain on the $10 bill. ("New face for $10 bill stirs backlash," June 27)
According to the Federal Reserve Bank in St. Louis the labor participation rate is at its lowest point since the... The post Federal Reserve Vice Chairman Says Economy Is Nearing “Full Unemployment” …Real Unemployment Closer to 42.9% appeared first on The Gateway Pundit.
Federal Reserve Vice Chairman Stanley Fischer said Tuesday that Fed policy makers are on track to raise interest rates “when we have seen further improvement” in the labor market and inflation.