Fed’s Powell’s absence of specific guidance leaves analysts to fill the gaps
By Ann Saphir WASHINGTON – After the U.S. central bank raised its policy target interest rate on Wednesday by three-quarters of a percent for the second month in a row,…
By Ann Saphir WASHINGTON – After the U.S. central bank raised its policy target interest rate on Wednesday by three-quarters of a percent for the second month in a row,…
(Reuters) – Federal Reserve Chair Jerome Powell on Wednesday said he did not believe the U.S. economy is currently in a recession but it is softening and the path for…
(Reuters) – The lack of clear visibility into the future trajectory of the economy means the Federal Reserve can provide reliable guidance about where its policy is headed only on…
(Reuters) – Another “unusually large” increase in interest rates may be appropriate at the Federal Reserve’s September meeting, but the decision will be determined by the incoming economic data between…
By Howard Schneider and Ann Saphir WASHINGTON/SAN FRANCISCO – Federal Reserve officials are likely to hit a key milestone this week with an interest rate hike that effectively ends pandemic-era…
If you’re waiting for your illegal Italian snail dish at your favorite Italian restaurant in New Jersey, you might have to wait. That’s because on Friday, U.S. Customs and Border…
TAMPA, Fla – Moving interest rates “too dramatically” could undermine the positive trends still seen in the economy and add to the already large amount of uncertainty, Atlanta Fed president…
(Reuters) – The U.S. Federal Reserve should target a policy rate in the range of 3.75% to 4% by the end of this year in light of this week’s hotter-than-expected…
(Reuters) – St. Louis Federal Reserve President James Bullard would prefer to lift interest rates by 75 basis points at the central bank’s next meeting later this month, telling the…
BALTIMORE, MD – Police in Baltimore are working to dismantle an outlaw biker gang’s drug trade inside the city and surrounding communities. On Wednesday, the Baltimore County Police Department’s Vice…
By Pete Schroeder WASHINGTON – An ambitious to-do list awaits Michael Barr, a former senior Treasury official who the U.S. Senate voted Wednesday to confirm to serve as the Federal…
MAYAGUEZ, Puerto Rico – The Federal Funds rate will need to rise as high as 3.5% by the end of the year but what follows after that is far less…
By Howard Schneider MAYAGUEZ, Puerto Rico – U.S. economic growth could fall below 1% this year and remain sluggish through 2023 as the Fed acts “resolutely” to curb inflation, New…
(Reuters) – St. Louis Federal Reserve Bank President James Bullard on Thursday said he sees a “good chance” the central bank will engineer a soft landing for the economy, meaning…
(Reuters) – The U.S. economy is expected to continue to grow this year even as the Federal Reserve raises interest rates sharply to bring down unacceptably high inflation, St. Louis…
By Lindsay Dunsmuir (Reuters) – There is risk in the United States that businesses and households could see price pressures persisting for a long time and central bankers must act…
(Reuters) – Cleveland Federal Reserve Bank President Loretta Mester told CNBC on Wednesday if economic conditions remain the same, she will advocate for a 75 basis points (bps) hike in…
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Tuesday said she believes the U.S. economy will slow to below 2% annual growth as the Fed raises interest…
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Friday said another 75 basis point interest rate hike in July is her “starting point,” though if the economy…
(Reuters) – Bringing down inflation is the U.S. central bank’s “number one priority right now,” but raising interest rates to do so is unlikely to trigger a recession, San Francisco…
Feds Search Former Trump DOJ Official’s Home Day Before J6 Committee Hearing Gabe Kaminsky on June 23, 2022 Federal authorities conducted a search of the home of a former Trump…
PHILADELPHIA – United States Attorney Jacqueline C. Romero, together with other federal law enforcement officials announced today charges against 19 defendants for defrauding federal programs funded by the CARES Act…
By Ann Saphir (Reuters) – Chicago Federal Reserve Bank President Charles Evans on Wednesday signaled he would likely back another big interest rate hike in July unless inflation data improves,…
(Reuters) – The U.S. Federal Reserve should raise interest rates above 3% by the end of this year and then reassess how much more it needs to do to bring…
(Reuters) – Chicago Federal Reserve Bank President Charles Evans on Wednesday signaled he is with the core group at the U.S. central bank calling for continued rapid rate hikes to…