The recent decision in the U.S. Federal Court of Claims by Judge Thomas Wheeler is the latest, but by no means last, decision on the highly contentious claims that Starr International has brought against the Federal Reserve Bank of New York (FRBNY), charging the FRBNY with conducting an illegal bailout [...]
In 2007, the US economy entered a recession. The economy contracted and the unemployment rate was rising. The insolvency of Bear Stearns in March of 2008 prompted the Federal Reserve of New York to infuse $25 billion into the bank to provide life support pending a merger or purchase. Show More Summary
Submitted by Lance Roberts via STA Wealth Management, During the last year, the Federal Reserve has hinted that the period of "ultra accommodative monetary policy" was coming to an end. The Fed started that process last October by terminating...Show More Summary
The Federal Reserve Bank of New York said Monday that Joshua Rosenberg will become its chief risk officer and executive vice president effective July 16 and Helen Mucciolo will become its executive vice president, principal financial officer and leader of the institution’s corporate group on Aug. 1.
Forget Fort Knox or the Federal Reserve. Texas has decided to start keeping its gold holdings within in its own borders. But what makes sense politically in such a sovereignty-loving place is creating a logistical conundrum. Continue reading ? The post Texas struggles with logistics of housing gold stockpile appeared first on PBS NewsHour.
Submitted by Adam Hamilton via GoldSeek.com, The US Federal Reserve has been universally lauded for the apparent success of its extreme monetary policy of recent years. With key world stock markets near record highs, traders universally love the Fed’s zero-interest-rate and quantitative-easing campaigns. Show More Summary
It has been nearly a decade since investors have had to contend with the Federal Reserve raising interest rates. Or, from savers' viewpoint, it has been that long since the Fed did them a favor.
The June Jobs Report is out today and Federal Reserve Vice Chairman Stanley Fischer must be thrilled!
America's latest jobs numbers suggest that the Federal Reserve should hold off raising interest rates
According to the Federal Reserve Bank of New York, the average American credit score was 699 as of March 2015. The data goes back to 2003, and scores have never been higher. If current trends continue, the average American credit score could cross 700 in the next few months. As credit scores [...]
The Labor Department's June employment report broadly confirmed the Federal Reserve's narrative about how the U.S. economic expansion is unfolding in 2015.
Andrew Harrer/Bloomberg News Janet Yellen, chair of the U.S. Federal Reserve, listens to a question during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C. Bond exchange-traded funds are rallying after Friday’s lackluster jobs report, but the latest report didn’t add much to the conversation. A hot jobs number would [...]
(Reuters) The U.S. Federal Reserve has launched a study to see if U.S. Treasury markets are being hampered by a lack of liquidity
(Reuters) - U.S. short-term interest-rate futures contracts rose on Thursday as a weaker than expected government report on jobs prompted traders to put on bets the Federal Reserve will wait to raise interest rates until next year. Futures...Show More Summary
The numbers reflect a job market moving close to full health and raise expectations that the Federal Reserve will start raising interest rates as early as September.
By Sweta Singh (Reuters) - U.S. stock index futures rose slightly on Thursday ahead of a critical job report that could feed into the U.S. Federal Reserve's decision on when to increase interest rates. Non-farm payrolls are expected to have increased by 230,000 in June, with the unemployment rate declining to 5.4 percent from 5.5 percent. Show More Summary
If Stanley Fischer, Vice Chair of The Federal Reserve Board of Governors, is correct that the US is near full employment, then today’s Mortgage Bankers Association (MBA) applications release is bad news.
America's employers say they are finding it harder to find high-quality workers, which could soon fuel a boost in wage growth and help convince the Federal Reserve to hike interest rates. The Labor Department's monthly jobs report due...Show More Summary
Federal Reserve Governor pushes back against industry complaints on post-crisis reform.
WASHINGTON (Reuters) - The U.S. Federal Reserve has launched a study to see if U.S. Treasury markets are being hampered by a lack of liquidity, an issue some investors and others have cited as a potential risk to financial stability, Fed board member Lael Brainard said on Wednesday. Show More Summary