Major American banks are working through TCH to develop a real-time payment network in conjunction with work underway by the Federal Reserve's Faster Payments Task Force.
Federal Reserve Chair Janet Yellen admitted the obvious in her Congressional hearing statement: rate hikes are dependent on the fragility of the global economy. The post Fed’s Yellen Admits Global Risks As Global Central Banks Go More Negative On Rates was originally published at The Wall Street Examiner. Follow the money!
The hottest topic in monetary policy right now is negative interest rates. The Bank of Japan took rates negative last month, joining the European Central Bank and others, with over 20% of the world's GDP now covered by at least someShow More Summary
WASHINGTON (Reuters) - A top Federal Reserve policymaker expressed concern that financial reforms could make it harder for the central bank to stem a panic in credit markets, a warning that comes amid growing stress in corners of the banking sector. Show More Summary
In July 2008, the ECB stuck to the instruction manual. Unlike the Federal Reserve, the ECB doesn’t have to take employment into consideration, only price stability. The ECB in 2008 wasn’t the central bank we know today; back then monetary policy was dictated by Germany and much more hawkish. And, [...]
Federal Reserve Chair Janet Yellen will appear before Congress on Wednesday for the first time since raising interest rates, and investors will be scrutinizing her remarks for signs of whether the central bank will continue pulling back its support for the nation’s economic recovery. Yellen last appeared publicly in December to announce that the Fed […]
The Federal Reserve Bank of Philadelphia for decades has tracked the economic performance of each state in the U.S. The measurements used are dispassionate economic statistics from the Bureau of Labor Statistics, the Bureau of Economic Analysis, and other sources. Based on the Fed’s recent December 2015 report, 41 states have growing economies, two states...
NEW YORK (Reuters) - An increasingly important gauge of U.S. inflation tumbled last month to its lowest level since the Federal Reserve Bank of New York began the survey in mid-2013, in what could be taken as another warning bell for the U.S. Show More Summary
It's looking more and more like March is off the table for an interest rate hike from the Federal Reserve. The FOMC will meet next month to decide whether to raise interest rates. Deutsche Bank's chief US economist Joe LaVorgna thinks...Show More Summary
Over the past decade or so central banks around the world have made some unprecedented moves. The Federal Reserve kept US interest rates at zero percent for 7 years. The Fed, the European Central Bank (ECB), and the Bank of Japan (BoJ)...Show More Summary
Submitted by Bill Bonner of Bonner & Partners (annotated by Acting-Man.com's Pater Tenebrarum), Fighting to Lose An election has been described as two wolves and one lamb voting on what to have for dinner. We’re going to make a difference on election day! Or maybe not… Actually, there was never any doubt about what was on the menu. Show More Summary
he U.S. Federal Reserve is squeezing a good deal of the profit out of mortgage bond trading, and Wall Street banks are increasingly heading for the exits. The post Wall Street Pulls Back From Mortgage Market That Fed Made Boring (Regulation Didn’t Help Either) was originally published at The Wall Street Examiner. Follow the money!
Here we go again. Another year lies ahead and with it the widespread view that mortgage rates will surely climb. After all, the Federal Reserve has started to increase the rate banks pay to borrow funds overnight, and the economy appears stronger. So it seems logical that mortgage rates will follow...
(Reuters) - A top Federal Reserve official said on Thursday he backs tougher stress tests for "too big to fail" banks including higher capital requirements that would make them "even more binding." The United States adopted both stress tests and capital surcharges for banks in the wake of the 2007-2009 financial crisis, when U.S. Show More Summary
This was not supposed to happen. None other than The U.S. Federal Reserve Bank of Dallas, in a research paper released in January, said that a drop in oil prices brought about by rising supply -- like the current one -- should boost global growth by up to 0.4 percentage points. Show More Summary
WASHINGTON (Reuters) - Banks lowered lending standards for U.S. households in the fourth quarter but tightened them for commercial and industrial loans, according to a survey of loan officers released on Monday by the Federal Reserve. Show More Summary
(February 1, 2016 02:38 PM, by David Henderson) This is my long overdue comment on what I observed at the meetings of the San Francisco Federal Reserve Bank in April 2014. I had previously given some highlights of my talk here and commented on Glenn Rudebusch's talk here.... (0 COMMENTS)
The Federal Reserve seems to have been caught off-guard by the recent turmoil on the markets. As the Chinese economic growth seems to be slowing down, all of the Western central banks need to re-think their plans, and the Federal Reserve will have to kneel in the dust. Show More Summary
Two weeks ago, Zero Hedge reported an exclusive story corroborated by at least two independent sources, in which we informed our readers that members of the Dallas Federal Reserve had met with bank lenders with distressed loan exposure...Show More Summary
From the Philly Fed: The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for December 2015. In the past month, the indexes increased in 39 states, decreased in seven, and remained stable in four, for a one-month diffusion index of 64. Show More Summary