The Federal Reserve increased short-term interest rates, but that hasn’t yet translated into significant increases in deposit rates paid out by banks.
He was the Fed's best friend ever. Could they've had a better business partner than Obama, taking the Federal budget and clown raping it with ruinous levels of spending. The Fed's mandate shifted from tinkering with rates during periods...Show More Summary
One of the most frequent questions you see these days in electric vehicle forums, blog comments, Facebook groups, and here on CleanTechnica is some variation of the following: "I reserved my Tesla Model 3 on (fill the date), will I still...Show More Summary
WASHINGTON, DC - JANUARY 12: Federal Reserve Chairwoman Janet Yellen speaks to educators at the Federal Reserve Board Building January 12, 2017 in Washington, DC. Yellen spoke about ways educators can teach about the role of the Federal Reserve. (Photo by Aaron P. Bernstein/Getty Images) Chris Wood of CLSA has a [...]
The Federal Reserve Bank of Philadelphia said that manufacturing activity expanded at its fastest pace in 26 months, continuing to accelerate as we begin 2017. The composite index of general...
The Philadelphia Federal Reserve's manufacturing outlook is expected to come out at 8:30 a.m ET. Economists expect the measure of mid-Atlantic manufacturing activity to slide slightly in January to 15.8, down from last months reading of 21.5. We'll have the number as it crosses, so refresh the page for updates. Show More Summary
Here is what you need to know. The Fed expects to hike rates 'a few' times this year. That's according to Federal Reserve Chair Janet Yellen, who spoke Wednesday at the Commonwealth Club in San Francisco. "Now it's fair to say the economy is near maximum employment and inflation is moving toward our goal," Yellen said. The ECB meets. Show More Summary
Fed's Beige Book "This report was prepared at the Federal Reserve Bank of Boston based on information collected on or before January 9, 2017."Reports from the twelve Federal Reserve Districts indicated that the economy continued to expand at a modest pace across most regions from late November through the end of the year. Show More Summary
Stocks ended mixed as Federal Reserve Chair Janet Yellen capped off a day filled with interest rate speculation. Yellen said she anticipates a few interest rate hikes per year through to the end of 2019. Proof of an economy nearly running on its own came in the form out the Beige Book out this afternoon. Show More Summary
Federal Reserve Chair Janet Yellen says she expects the Fed to raise its benchmark interest rate several times a year through 2019, as it moves closer toward to its economic … Click to Continue »
Federal Reserve Board Chair Janet Yellen said the Fed is close to meeting its dual goals of full employment and price stability but can't be precise about the timing of interest-rate hikes. In a speech titled "The goals of monetary policy...Show More Summary
The Federal Reserve says workers across much of the US are seeing modest wage gains, according to its Beige Book released on Wednesday. The Beige Book is a compilation of anecdotes on the economies in the Fed's 12 districts. This document...Show More Summary
The Federal Reserve said that manufacturing production rebounded in December after pulling lower in November, with output in the sector up 0.2 percent in the latest report. Manufacturers have struggled...
U.S. industrial production increased in December at the strongest pace in two years, as auto factories cranked out more vehicles and power plants helped heat homes and businesses. The Federal Reserve said Wednesday that output at America's factories, mines and utilities rose 0.8% last month, the...
Not since The Wizard of Oz has anyone proclaimed himself to be so great and powerful as Donald Trump. He knows more than the generals, the spies and the senators. He knows more than the Federal Reserve, the State Department and the scientists. He often tells us that he is “a smart person.”...
FRBSF FedViews: John Fernald, senior research advisor at the Federal Reserve Bank of San Francisco, stated his views on the current economy and the outlook as of January 12, 2017. Recent data confirm that the economy has picked up from...
Submitted by Kevin Muir via The Macro Tourist, They’re at it again. It isn’t enough that the Federal Reserve’s tighter monetary policies are hamstringing global economic growth, but over the past week a few different Fed officials floated the idea of reducing the size of the Fed’s balance sheet. Show More Summary
Wikipedia/AgnosticPreachersKid Federal Reserve officials are convinced the U.S. economy no longer needs as many stimulative government tax and spending programs as it has recently. That’s a huge change, as the Fed has relied on stimulative programs to churn growth since the financial crisis, the Wall Street Journal reports. The change also comes [...]
Manufacturing in New York state expanded in January for the third straight month, as new orders and shipments grew. The Federal Reserve Bank of New York said Tuesday that its … Click to Continue »
Millennials earn far less than baby boomers at the same stage of life, according to a new analysis of Federal Reserve data by Young Invincibles.