A Senate committee on Wednesday for the second time overwhelmingly confirmed Jerome H. Powell to be the next head of the Federal Reserve, a vote that was necessary after his nomination expired at the end of last year. Powell, 64, a Republican who has served as a governor on the Fed board since...
The Federal Reserve said that manufacturing production rose for the fourth straight month in December, edging up by 0.1 percent. While this was slower than the 0.3 percent gain seen... The post Manufacturing Production Rose for the Fourth Straight Month in December, up 2.4% Year-over-Year appeared first on Shopfloor.
From Vasco Curdia of the SF Fed: Vasco Curdia, research advisor at the Federal Reserve Bank of San Francisco, stated his views on the current economy and the outlook as of January 11, 2018. Real GDP grew at an annual...
Add another study to the growing literature of the importance of state tax policy on economic outcomes. On January 2nd, the D.C. branch of the Federal Reserve released an article by Professor E. Mark Curtis of Wake Forest University and Ryan A. Decker of the Federal Reserve examining how state tax policies impact employment at […]
Manufacturing activity in the New York Federal Reserve Bank’s district eased somewhat in January but remained strong overall. In the latest Empire State Manufacturing Survey, the composite index of general... The post New York Fed: Manufacturing Activity Eased Somewhat in January but Remained Strong Overall appeared first on Shopfloor.
... the drop [in the dollar of 12% this year so far and last year] is a bit of a mystery because the Federal Reserve has been raising interest rates for the past year... Hussein Sayed, chief market strategist at FXTM, an online currency...Show More Summary
At a time when the inflation rate has been consistency been well below the Federal Reserve Board's 2.0 percent target, Donald Trump has nominated Marvin Goodfriend to fill one of the Fed's vacant governor positions. Goodfriend argues...Show More Summary
Authored by Ron Paul via The Mises Institute, The Federal Reserve has once again created an artificial and unsustainable economic bubble. Central planning still doesn't work, and the sooner we move to sound money the better. Ron Paul...Show More Summary
Results included $3.25 billion litigation reserve for the bank's sale practices, mortgage-related investigations, and other matters
Authored by Anthony Saunders via SnakeHoleLounge.com, Yesterday, The New York Federal Reserve announced that it actually increased their $4.2 trillion balance sheet by $1 million rather than shrinking it. This comes on the heels of The Federal Reserve announcing that it provided $80.2 billion in payments to the US Treasury in 2017. Show More Summary
During yesterday's surprisingly candid remarks by Bill Dudley, the second most important person in the Federal Reserve - the organization that is responsible for the third consecutive and largest ever yet asset bubble in history - said that one risk he was increasingly worried about was, drumroll, elevated asset prices. Show More Summary
The national credit card debt reaches record high, reports the Federal Reserve. If you're one of the many burdened by credit card debt, we have some tips to help. National Credit Card Debt Reaches Record High—Take Steps To Lower Your Debt Now appeared first on Money Under 30. © Moneyblogs, LLC.
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% (3.5% annualized rate) in December. The 16% trimmed-mean Consumer Price Index rose 0.2% (2.8% annualized rate) during the month. Show More Summary
I remember when Federal Reserve Chair Janet Yellen said that inflation is just around the corner. It must be a really long street. The post Core Inflation Rises 0.3% MoM In December was originally published at The Wall Street Examiner. Follow the money!
Yesterday, The New York Federal Reserve announced that it actually increased their $4.2 trillion balance sheet by $1 million rather than shrinking it. This comes on the heels of The Federal Reserve announcing that it provided $80.2 billion...Show More Summary
As a U.S. state, Alaska is unique not only for its massive size but also for its reserves of natural resources and its land management. Over 60 percent of the state is federally owned, and the majority of the remainder is either state land, university land or owned by Alaska Native corporations.
(AP Photo/Rafiq Maqbool) New York Fed President William C. Dudley poses with a bronze statue of a bull at the Bombay Stock Exchange in Mumbai, India, on May 11, 2017. This article was originally published at the Working Economics Blog...Show More Summary
So the Federal Reserve is reporting that interest on excess reserves (IOER) payments hit $25.9 billion in 2017. This amount is more than double the dollar size of the IOER payments in 2016 as seen below. This increase is understandable given the rise in the Fed's short-term interest rate target and the size of its balance sheet. Show More Summary
2017 was a bumper year for global markets because economic growth strengthened, core consumer price inflation flatlined and the monetary environment remained accommodative despite Federal Reserve policy tightening. Prospects for 2018...Show More Summary
A new study notes the U.S. retirement savings shortfall is worse than even the most pessimistic onlookers may think. The study by the National Institute on Retirement Security, using data from the U.S. Federal Reserve, shows that retirement savings "are dangerously low" and that the U.S. Show More Summary