Authored by Chris Martenson via PeakProsperity.com, Perhaps I should start with a disclaimer of sorts. Yes, I realize that the people working at the Federal Reserve, as well as the other central banks around the world, are just people. Show More Summary
Federal Reserve officials expected at their policy meeting this month that it would "soon be appropriate" to raise short-term interest rates, a signal the U.S. central bank could move in June at its next gathering. The Fed also moved...Show More Summary
Evolution, Not Revolution: Payments Are Undergoing Changes in the United States Dan Littman, Tasia Hane-Devore Federal Reserve Bank of Cleveland, 05.24.17 In payments, the term “revolutionary” has surfaced frequently in recent years, reflecting the penetration of personal computers, tablets, and mobile phones into banking. Show More Summary
From the Philly Fed: The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for April 2017. Over the past three months, the indexes increased in 46 states and decreased in four, for a three-month diffusion index of 84. Show More Summary
From the Kansas City Fed: Tenth District Manufacturing Activity Expanded ModestlyThe Federal Reserve Bank of Kansas City released the May Manufacturing Survey today. According to Chad Wilkerson, vice president and economist at the Federal...Show More Summary
Minutes from the Federal Reserve's May 2-3 meeting showed that policymakers anticipate a rate hike soon, possibly in the central bank meeting next month. At the same time, by agreeing to shrink the balance sheet gradually over a number...Show More Summary
The Kansas City Federal Reserve Bank said that manufacturing activity expanded for the sixth straight month even as it pulled back once again from March’s six-year high. The composite index... The post Kansas City Fed: Manufacturing Activity Expanded for the Sixth Straight Month, up Modestly in May appeared first on Shopfloor.
Stocks crept higher ahead the afternoon release of Federal Reserve minutes, an insight into the central bank's thinking before its next meeting in June. Video provided by TheStreet
Manufacturers in the Fifth District were somewhat less upbeat in May than in the prior three months, according to the latest survey by the Federal Reserve Bank of Richmond. The index for shipments and the index for new orders decreased notably, with the shipments index falling to slightly below 0. Show More Summary
The Richmond Federal Reserve Bank said that manufacturing activity in its district stalled in May, pulling back for the second straight month from March’s seven-year high. The composite index of... The post Richmond Fed: Manufacturing Growth Stalled in May appeared first on Shopfloor.
Federal Reserve officials are committed to being "data-dependent" in assessing what to do with US interest rates, but it's not always clear what data they're watching. The central bank’s mandate is low, stable inflation and maximum employment,...Show More Summary
The Federal Reserve Bank of Philadelphia said that manufacturing activity continued to expand at a robust pace in May. The composite index of general business activity increased from 22.0 in... The post Philly Fed: Manufacturing Continues to Expand at a Robust Pace appeared first on Shopfloor.
On Feb. 4, 2016, as employees left work to enjoy their weekends, the central bank of Bangladesh began firing off dozens of transfer orders to the Federal Reserve Bank of New York, asking to remove money from its accounts — almost $1 billion. It was a heist. The robbers hadn’t walked in with guns...
The Federal Reserve Bank of New York said Wednesday that household debt, which also includes home equity lines of credit, stood at $12.73 trillion in the first quarter. That's above the $12.68 trillion outstanding in the fall of 2008, the previous record. Show More Summary
``Lenders are tightening the spigot on new auto loans, making it harder for U.S. consumers with weak credit to buy a car, data from the Federal Reserve Bank of New York show. New car loans for subprime borrowers fell in the first quarter...Show More Summary
The Q1 report was released today: Household Debt and Credit Report.From the NY Fed: Household Debt Surpasses its Peak Reached During the Recession in 2008The Federal Reserve Bank of New York today issued its Quarterly Report on Household...Show More Summary
Hoisted from the Archives: Is Liquidity Enough? : Every week more liquidity is injected into the global banking system by the United States Federal Reserve and the European Central Bank. The average interest rate paid for overnight reserves in the US has been well below the 5.25% per year that the Fed still publicly says is its target. Show More Summary
Manufacturing in New York state shrank for the first time in seven months in May, as new orders fell and shipments grew more slowly. The Federal Reserve Bank of New … Click to Continue »
Submitted by Chris Hamilton via Econimica blog, Since 2009, there has been ongoing discussion of the size & composition of major central bank balance sheets (I'm focusing on the Federal Reserve Bank, European Central Bank, and the Bank of Japan) but little discussion of why these institutions felt (and continue to feel) compelled to "buy" assets. Show More Summary
The egotistical arrogance is disgusting... After years of (self-admitted) failure to achieve anything like a coin-flips accuracy in forecasting, Federal Reserve Bank of Chicago President Charles Evans excl;aimed this morning (after US...Show More Summary