A decade ago this week, traders cheered news that the Federal Reserve was cutting its key interest rate by an assertive 50 basis points. Back then, the central bank was getting more worried about how borrowing costs could speed up the...Show More Summary
President Trump is betting he can turbocharge the U.S. economy with tax cuts and trade deals, but his greatest leverage to influence growth may rest with an unparalleled opportunity to reshape the world’s most powerful central bank. Because of a wave of vacancies, Trump will have the ability in...
The Federal Reserve is about to make a momentous decision that should not be taken lightly. The central bank is widely expected to announce the start of a reduction in its $4.4 trillion balance sheet at the conclusion of its meeting on September 20. Show More Summary
With four key vacancies on the Federal Reserve's Board of Governors, President Donald Trump is set to reshape the central bank. A fifth spot could open by February, when Chair Janet Yellen's four-year term ends. Trump said Thursday that...Show More Summary
Factory activity in New York was strong this month after reaching a three-year high in August. The Federal Reserve Bank of New York says its Empire State manufacturing index dipped … Click to Continue »
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% (3.0% annualized rate) in August. The 16% trimmed-mean Consumer Price Index also rose 0.2% (2.3% annualized rate) during the month. Show More Summary
This is the begging-for-the-overthrow-of-a-corrupt-status-quo economy we have thanks to the Federal Reserve giving the J.P. Morgans and Jamie Dimons of the world the means to skim and scam the bottom 95%.Dear Jamie Dimon: quick quiz:...Show More Summary
Federal Reserve Vice Chair Stanley Fischer announced last week he was resigning for personal reasons before the end of his term, opening yet another seat in the central bank’s powerful board for President Donald Trump to fill. The departure...Show More Summary
The US Federal Reserve, the European Central Bank (ECB) and Bank of Japan (BOJ) have all been hyper-active in recent decades. But the low-rate policies have not produced the same outcomes. The post Central Banks And Housing Prices: A Tale Of Three Countries (US, Germany and Japan) was originally published at The Wall Street Examiner. Follow the money!
Canada’s Central Bank, the Bank of Canada, recently raised its lending rate to 1.25%, matching the US Federal Reserve The post Toronto’s Housing Sales Bubble Bursts as Bank of Canada Raises Rates was originally published at The Wall Street Examiner. Follow the money!
A Senate committee on Thursday approved two of President Trump’s choices for key financial regulatory posts, including one for the short-handed Federal Reserve board, despite concerns from Democrats that the nominees were too close to the industry. Investment fund manager Randal Quarles has been...
Fed's Beige Book "This report was prepared at the Federal Reserve Bank of Chicago based on information collected on or before August 28, 2017. The information included in the District reports was primarily collected before Hurricane Harvey made landfall on the Gulf Coast. Show More Summary
Federal Reserve Vice Chair Stanley Fischer is stepping down from the central bank, he told President Trump in a letter Thursday.
Federal Reserve Vice Chairman Stanley Fischer announced Wednesday that he will step down next month for personal reasons, opening another seat on the central bank’s board for President Trump to fill. Fischer, 73, is a well respected economist and former Citigroup official who headed Israel’s central...
In an economy in which wages for 95% of households are stagnant for structural reasons, pushing inflation higher is destabilizing. The official policy goal of the Federal Reserve and other central banks is to generate 3% inflation annually. Put...Show More Summary
NEW YORK (AP) — U.S. stocks are rising for the sixth day in a row Friday after a slightly weak jobs report reassures investors that the Federal Reserve probably won't raise interest rates again soon. Banks are trading higher as bond prices drop, which is sending yields and interest rates higher. Show More Summary
Authored by Lance Roberts via RealInvestmentAdvice.com, Just recently the Federal Reserve Bank of New York released its quarterly survey of the composition and balances of consumer debt. Importantly, it was the fact that total indebtedness...Show More Summary
Authored by Nomi Prins, Since late 2007, the Federal Reserve has embarked on grand-scale collusion with other G-7 central banks to manufacture a massive amount of money. The scope and degree of this collusion are historically unprecedented...Show More Summary
Tim Duy: Yellen's Odds of Being Reappointed Get Slimmer: The Federal Reserve Bank of Kansas City’s annual Jackson Hole conference offered little direct insight into the path of monetary policy for this year and next. But that doesn’t mean it...
Authored by Craig Wilson via The Daily Reckoning, Nomi Prins joined Sprott Money News for its Ask the Expert segment that covered the Federal Reserve system, Glass-Steagall reform and even the recent activity from the U.S Treasury. Nomi...Show More Summary