(Reuters) – Minneapolis Federal Reserve Bank President Neel Kashkari on Thursday suggested that because household finances are in some cases in better shape than before the pandemic, the Fed may …
Fed
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Financial News
Fed has ‘important but quite limited’ authority to police climate change risk, says nominee Barr
by Reutersby ReutersWASHINGTON – The Federal Reserve has “important but quite limited” authorities to police financial risks emanating from climate change, according to Michael Barr, President Biden’s nominee to lead to the …
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Financial News
Mid-Atlantic factory activity at 2-year low, Philadelphia Fed says
by Reutersby Reuters(Reuters) – Factory output growth in the U.S. Mid-Atlantic region decelerated far more than expected in May, and the business outlook for the next six months is the weakest in …
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Financial News
Fed nominee Barr says he’s committed to bringing down inflation
by Reutersby ReutersBy Lindsay Dunsmuir and Pete Schroeder (Reuters) – U.S. Federal Reserve nominee Michael Barr, nominated by Democratic President Joe Biden to be the central bank’s Wall Street cop, said on …
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Financial News
Brazil should speed up Eletrobras privatization before Fed hikes rates, official says
by Reutersby ReutersBy Marcela Ayres and Bernardo Caram BRASILIA – Monetary tightening in the United States makes it all the more pressing to speed up the privatization of Brazil’s largest utility, state-run …
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(Reuters) – The Federal Reserve will “keep pushing” to tighten U.S. monetary policy until it is clear inflation is declining, Fed chair Jerome Powell said on Tuesday. “What we need …
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Financial News
U.S. economic outlook weakens, inflation set to persist – Philly Fed survey
by Reutersby Reuters(Reuters) – The U.S. economic outlook has weakened and inflation is set to remain higher than previously expected for a while yet, a Federal Reserve Bank of Philadelphia survey of …
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Top HeadlinesUS and World News
U.S. Senate panel to question Fed nominee Barr on May 19
by Reutersby ReutersWASHINGTON – President Joe Biden’s second pick to serve as the top regulatory official at the Federal Reserve will be questioned by the U.S. Senate Banking Committee on May 19, …
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Financial News
Bullard: April inflation ‘hot’ but does not see 75 bp Fed rate increase ‘for now’
by Reutersby Reuters(Reuters) – U.S. April inflation at 8.3% remained “hot” but does not yet require the Federal Reserve to switch to three-quarter point rate increases, St. Louis Fed President James Bullard …
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Financial News
Fed’s Bostic: Rising market yields show Fed retains credibility
by Reutersby ReutersJACKSONVILLE, Fla. – Risings interest rates on home mortgages, U.S. Treasury bonds and other key forms of credit show the Federal Reserve remains credible in its pledge to tame inflation, …
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By Howard Schneider AMELIA ISLAND, Fla. – If the Federal Reserve sells any of its holdings of mortgage backed securities it may have to do so at a loss, Cleveland …
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Financial News
ARK’s Wood sees global recession, blames market selloff on Fed hike plan
by Reutersby ReutersBy David Randall NEW YORK – The global economy is in recession and recent stock market volatility is a sign investors believe that the Federal Reserve’s plan to continue hiking …
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Financial News
U.S. household debt nears $16 trln, but mortgage, auto loan demand wanes – NY Fed
by Reutersby Reuters(Reuters) – U.S. household debt rose to a record $15.84 trillion in the first quarter driven almost entirely by a $250 billion increase in home loan balances, but the rise …
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Financial News
Inflation, Ukraine war seen as chief financial risks -Fed report
by Reutersby Reuters(Reuters) – High inflation, volatility in stock and commodity markets and the war in Ukraine have emerged as the chief risks to the U.S. financial system, the Federal Reserve reported …
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Financial News
U.S. consumer short-term inflation outlook dips, spending plans rise -NY Fed survey
by Reutersby Reuters(Reuters) – U.S. consumers’ inflation expectations one year from now dipped in April but their view of inflation over the medium-term rose and household spending expectations also climbed to a …
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Financial News
JPMorgan says EM debt at ‘mercy’ of Fed, cuts Nigeria from overweight
by Reutersby ReutersBy Rachel Savage LONDON – Emerging market sovereign debt is at the “mercy” of the Federal Reserve’s interest rate decisions, JPMorgan analysts said in a note on Monday, as the …
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Financial News
Fed says banks in good shape despite volatility, warns on prime broker risk
by Reutersby ReutersBy Pete Schroeder WASHINGTON – The U.S. Federal Reserve said Friday the U.S. banking system remains strong despite heightened volatility and geopolitical risk, but cautioned them against prime brokerage services …
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Financial News
U.S. rate futures price in 75% chance of 75 bps Fed hike in June
by Reutersby ReutersBy Gertrude Chavez-Dreyfuss NEW YORK – Futures on the federal funds rate priced in on Thursday a roughly 75% chance of a three quarters of a percentage point tightening by …
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Financial News
U.S. rate futures price in 70% chance of 50 bps hike in June Fed meeting
by Reutersby Reuters(Reuters) – Futures on the federal funds rate have priced in a roughly 70% chance of another half a percentage-point tightening at next month’s meeting after the Federal Reserve lifted …
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Financial News
Analysis-U.S. real rates up on hawkish Fed but inflation risk looms
by Reutersby ReutersBy Davide Barbuscia NEW YORK – A jump in U.S. real yields back into positive territory is a sign that a hawkish Federal Reserve is succeeding in tightening some financial …
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By Lewis Krauskopf and Saqib Iqbal Ahmed NEW YORK – Stock market investors are heading into the U.S. Federal Reserve’s rate-setting announcement particularly pessimistic, with fresh milestones for bond yields …
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By Ann Saphir WASHINGTON – The Federal Reserve on Wednesday is expected to raise interest rates by half of a percentage point and announce the start of reductions to its …
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Financial News
As some states hit record low unemployment, Fed faces tough adjustment
by Reutersby ReutersBy Howard Schneider WASHINGTON – When Georgia matched its record low unemployment rate of 3.4% last October, officials in the southern U.S. state could, in an important sense, mark the …
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Financial News
U.S. junk bonds drop to lowest in over two years ahead of Fed meeting
by Reutersby ReutersBy Davide Barbuscia NEW YORK – The price of a major U.S. junk bond exchange traded fund (ETF) fell to its lowest in over two years this week, as concerns …
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Top HeadlinesUS and World News
COVID threatens new U.S. Senate delays for Biden’s Fed, FTC nominees
by Reutersby ReutersBy David Morgan WASHINGTON – An effort by U.S. Senate Democrats to move forward on President Joe Biden’s nominees for the Federal Reserve and Federal Trade Commission appeared headed for …