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Boomers Need to Learn Mobile FinTech

If the very word "fintech" makes you flinch, you may be a baby boomer who has sworn off most "modern" money technologies. You're not alone. A 2016 Federal Reserve study found that only 18 percent of those over the age of 60 use mobile banking services (vs. Show More Summary

El-Erian Warns "Investors Are Underestimating Sudden Policy Shifts"

Separate comments last week from European Central Bank President Mario Draghi and Federal Reserve Chair Janet Yellen confirmed an ongoing change in the policy configuration facing their two systemically important central banks: The recognition...Show More Summary

Trump's massive infrastructure, defense plans will lead to ruin - Ron Paul

``"With his massive increase in infrastructure and the military, I think there's going to be a lot more spending," said Paul. "The debt is going to be much bigger [and] I think that will put more pressure" on the Federal Reserve, he said, with the central bank already planning to tighten interest rates.''

Fedcoin: Fed Chair Calls Blockchain ‘Important New Technology’

Federal Reserve Chair Janet Yellen had some positive words to say about the blockchain on Wednesday during an appearance at the Commonwealth Club in San Francisco. After delivering a speech in which she opined on everything from the strength of the economy to the Federal Reserve’s plans for interest rates, Yellen sat down to discuss those and […]

Nomi Prins Warns Financial Crash From Epic Debt, Asset Bubbles "Possible In Last Quarter 2017"

Submitted by Mac Slavo via, Could there be a crash coming in 2017? Will increasing interest rates at the Federal Reserve trigger the beginning of the end? It is possible, but not certain. It will fall, perhaps, after a new...Show More Summary

Your Money Adviser: Increases in Interest Rates on Savings Accounts Remain Slow to Materialize

The Federal Reserve increased short-term interest rates, but that hasn’t yet translated into significant increases in deposit rates paid out by banks.

Obama’s Legacy Will Be Forever Etched in Halls of the Federal Reserve

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

Predicting When US Federal EV Tax Credit Will Expire For Tesla Buyers

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

Fed Monetary Policy Is Impotent Against These Trends

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 [...]

Philly Fed: Manufacturing Activity Continued to Accelerate in January

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...

Here comes Philly Fed...

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

10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, GS, NFLX)

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: Modest expansion, Tight labor markets

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

Closing Bell: Yellen sees few hikes each year

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

Janet Yellen says Fed will hike rates "a few times" a year

Federal Reserve chief, in speech, lays out path to boost interest rates to goal of 3.0% by 2019 amid signs of wage growth

Yellen: Expect Fed to gradually hike rates over next 3 years

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 »

YELLEN: The Fed is close to its goals and expects to hike rates 'a few' times this year

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

FED: Wages are going up 'modestly' across most of America

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

Manufacturing Production Rebounded in December

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 output rose in December at best pace in 2 years

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...

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