Dow jumps more than 200 points as investors embrace thinking the Federal Reserve may make another move to hike borrowing costs
Bernie Sanders rejects the current plan and says the Federal Reserve should instead issue new loans to Puerto Rico
Steen Jakobsen, chief economist and CIO of Saxo Bank, says the US Federal Reserve is on the verge of making a mistake about its projected rate hikes. The Fed has given itself the option of hiking interest rates at its June meeting; but...Show More Summary
European investors could lose up to 20% in the stock market thanks to a cocktail of global economic risks, an expected rate hike from the US Federal Reserve, and a fragile US high-yield debt market. According to a report from Deutsche...Show More Summary
Minutes from the Federal Reserve’s April meeting, which were released this week, showed that the central bank is seriously contemplating hiking the federal-funds rate in June. The news was in keeping with recent public statements by various officials, but it still startled investors. Show More Summary
A few months ago, we reported the incredible story of how hackers stole $100 million from Bangladesh Central Bank by way of the New York Federal Reserve. Now, thanks to a little noticed lawsuit, details are emerging that hackers hadShow More Summary
The Federal Reserve suggests a rate rise might be coming sooner than markets think, despite low inflation and a weak global economy
Stocks closed lower on Wall Street on Thursday, with traders getting used to the idea that the Federal Reserve may raise interest rates next month. Industrial companies and bank stocks fell more than the rest of the market. Goldman Sachs dropped 3% and Boeing fell 2%, the biggest declines in the...
Neel Kashkari, head of the Federal Reserve Bank of Minneapolis, was once a free-market ideologue. Now he fears that the financial sector is too large.
By Rodrigo Campos NEW YORK (Reuters) - Bank stocks were the standout winners on Wednesday from the Federal Reserve's unexpectedly firm signal that its next rate hike could be just weeks away, a prospect that could boost banks' bottom lines as they charge more for loans. Show More Summary
While Wall Street has had its generous Federal Reserve sponsor for the past 8 years, literally printing money out of thin air, showering banks with risk-free profits and making the rich richer beyond their wildest dreams (although ever since the end of QE the pump has run dry), the rest of the US population was largely left to fend for itself. Show More Summary
Federal Reserve officials believe that an interest rate hike is likely at the central bank's next meeting in June if the economy keeps improving. Fed officials decided against raising rates at its April meeting, but minutes of the gathering released Wednesday showed that there was a widely held...
Last month, we discussed the fun geeks were having with the Federal Reserve Bank of Atlanta’s GDPNow. It’s a fun little tool designed to give an early read of where U.S. gross domestic product is headed. Some detractors had pointed out that it often was too negative. Show More Summary
Source: Federal Reserve Bank of Atlanta The post Atlanta Fed GDPNow for 2016 Q2 (LOL) appeared first on The Big Picture.
By Hideyuki Sano TOKYO (Reuters) - Asian shares stepped back on Wednesday after strong U.S. inflation data and comments from Federal Reserve officials rekindled the prospects of the central bank raising rates later this year. MSCI'sShow 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 0.3% (3.4% annualized rate) in April. The 16% trimmed-mean Consumer Price Index rose 0.2% (2.5% annualized rate) during the month. Show More Summary
``In two weeks, OpIcarus hackers have hit dozens of financial institutions listed in their online manifesto. Any questions about whether the hacktivists would be able to take out some of the more high-profile institutions seem to have been answered with the recent successful attacks on the U.S. Show More Summary
Submitted by Chris Hamilton via Hambone's Stuff blog, In October of 2006, President Bush signed the Financial Services Regulatory Act (FSRA)...the culmination of a five year Congressional effort. Significantly, the Federal Reserve was given authority to pay interest on reserve balances held by depository institutions in Federal Reserve Banks. Show More Summary
On Thursday, Hillary Clinton endorsed a banking reform idea that is more progressive than anything she backed during her long primary battle with Bernie Sanders. Compared to high-profile proposals like breaking up the banks, the plan Clinton backed is a narrow change, but an important one that nerdy liberal activists have been championing for years. Show More Summary
(Reuters) - The Federal Reserve Bank of New York is standing by its procedures for wiring funds after facing scrutiny in the wake of the $81 million cyber heist at the Bangladesh central bank, a letter released by a congresswoman on Friday showed. Show More Summary