As expected, the Federal Reserve has boosted a key short-term interest rate at the last US central bank meeting that Janet Yellen is expected to lead, the AP reports. Fed officials ended their two-day meeting by hiking the federal funds rate—what banks charge each other for short-term loans—to...
The Federal Reserve hiked interest rates to a range of 1.25% to 1.5% on Wednesday. In response, banks across the US raised their prime lending rate to 4.5% from 4.25%. This will affect the rates for credit cards and other nonmortgage loans. The Federal Reserve on Wednesday lifted its fed funds rate by 25 basis points to a range of 1.25% to 1.5%. Show More Summary
Here is what you need to know. The Federal Reserve hikes rates. The US central bank on Wednesday lifted its key interest rate by 25 basis points to a range between 1.25% and 1.50%, and it said it expected three rate hikes in 2018. The FCC is set to vote on repealing net neutrality. Show More Summary
The central bank expects growth to be higher, and unemployment lower, next year than it is already.
Statement here.Yellen press conference video here.On the projections, projections for GDP in 2017 are near the top of the September range. GDP projections of Federal Reserve Governors and Reserve Bank presidents Change inReal GDP 1 2017...Show More Summary
The Federal Reserve will at 2 p.m. ET release a policy statement following its two-day meeting. The central bank is widely expected to announce its third interest-rate increase this year, raising its benchmark fed funds rate by 25 basis points to a range of 1.25% to 1.50%. 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 0.2% (2.7% annualized rate) in November. The 16% trimmed-mean Consumer Price Index also rose 0.2% (2.4% annualized rate) during the month. Show More Summary
The Federal Reserve is set to raise its benchmark interest rate again on Wednesday. The Fed adjusts the interest rates that banks charge to borrow from one another, which is eventually passed on to consumers. Some economists say what...Show More Summary
Rick Rieder, who oversees $1.7 trillion as the global chief investment officer of fixed income at BlackRock, says market fears over Federal Reserve tightening are overblown. He thinks that central banks are "maniacally focused" on not...Show More Summary
US stocks climbed to a record high ahead of a Federal Reserve meeting on Wednesday, where the central bank is expected to announce a 25-basis-point rate hike. The S&P 500 gained 0.2%, while the Dow Jones Industrial Average added 0.2%...Show More Summary
NEW YORK (Reuters) - U.S. inflation expectations were mostly flat in November, remaining near their lowest levels in years, according to a Federal Reserve Bank of New York survey that also painted a more positive picture of the job market. Read more... Permalink | Email this | Linking Blogs | Comments
Investors seem certain about this: The Federal Reserve is going to raise interest rates this week for the third time this year. They're less sure about what the central bank … Click to Continue »
The Federal Reserve has signaled its move this week. Investors, though, want to know whether the central bank will continue with its patient approach to rates.
At the beginning of November, President Trump decided to replace Janet L. Yellen, despite a widely heralded term, with her colleague Jerome Powell. Yellen has been the first female chair of the Federal Reserve. Nominating Powell restored the Fed’s century-long practice of male leadership. In that, the Fed is hardly unique. Diversity is lacking in the top […]
Why You Should Care About the Federal Reserve The Federal Reserve Board makes key decisions about our economy and our financial system. It sets short-term interest rates and regulates the big banks. For the past four years, it has been led by its first woman chair, Janet Yellen. Show More Summary
A Senate committee has approved Jerome H. Powell's nomination to replace Janet L. Yellen as chair of the Federal Reserve. Tuesday’s 22-1 vote by the Senate Banking Committee clears the way for full Senate approval in the coming weeks before Yellen's term ends Feb. 3. The only “no” vote came from...
We’ve got a heartache tonight … in terms of bank lending. Particularly commercial and industrial lending (C&I) and auto loans. Particularly since bank lending is the primary transmission vehicle for Federal Reserve policies. C&I lending...Show More Summary
The Federal Reserve's Richmond regional bank is announcing that Thomas Barkin, a senior executive at global management consulting firm McKinsey & Co., will be the bank's next president. He will … Click to Continue »
It’s common knowledge that Barack Obama was the worst economic president since at least 1949. Barack Obama was the only President to have not had even one year of 3% GDP growth. Here is the complete list of average annual real GDP growth...Show More Summary
By stopping their bond-buying programs, the European Central Bank and the Federal Reserve would leave credit, including the market for government bonds, more vulnerable to market movements, according to SocGen. Global credit already looks overvalued, the strategists said. Show More Summary