Armored truck heist in Chicago Loop ends with suspect shot and cash recovered
CHICAGO – A 23-year-old man was charged in federal court Friday after allegedly attacking an armored truck driver and stealing a bag of cash during a brazen daylight robbery in the Loop.…
Fed’s Powell: No call made yet on size of March rate rise
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Chair Jerome Powell said Wednesday that officials have not yet made a call on the size of the rate increase they are…
Taking Fed’s lead, UK investors fully price in BoE hike in March
LONDON (Reuters) – British investors on Wednesday fully priced in a 0.25 percentage point increase in Bank of England interest rates at its March meeting, after the U.S. Federal Reserve signalled that…
Fed’s Powell acknowledges slimmer corporate profits could help curb inflation
By Howard Schneider WASHINGTON (Reuters) – It wasn’t volunteered, but Federal Reserve Chair Jerome Powell on Tuesday made his most extensive comments to date on the role corporate profits could play in…
Fed’s Powell again rejects idea of raising inflation target
By Michael S. Derby (Reuters) – Federal Reserve Chair Jerome Powell said on Tuesday the U.S. central bank’s decade-old 2% inflation target has in years past been a key factor in keeping…
Fed’s Powell sees long-term damage if US debt ceiling not raised
By Michael S. Derby NEW YORK (Reuters) – The United States risks long-term damage if Congress does not raise the national debt ceiling, Federal Reserve Chair Jerome Powell said on Tuesday. “Congress…
Fed’s Daly: tighter policy, for a longer time, ‘likely’ needed
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Saturday sounded a clear warning on the inflationary threat, and signaled that the U.S. central bank may raise interest rates further,…
Fed’s Barkin says he could see rates at 5.5%-5.75%
PALO ALTO, California (Reuters) – Richmond Federal Reserve Bank President Thomas Barkin said on Friday that he could envision a scenario where the central bank pushes the U.S. benchmark policy interest rate…
Fed’s Barkin says he doesn’t see case for a rate pause now
PALO ALTO, California (Reuters) – Richmond Federal Reserve Bank President Thomas Barkin said on Friday that he does not understand the case for pausing interest rates now, although delivering rate increases in…
Fed’s Barkin calls for deliberate rate hikes to fight ‘exhausting’ inflation
PALO ALTO, California (Reuters) – The U.S. central bank will need further, deliberate interest rate hikes to bring inflation back down to its 2% goal, Richmond Federal Reserve Bank President Thomas Barkin…
Marketmind: Fed’s ‘slow and steady’ lifts market mood
A look at the day ahead in European and global markets from Ankur Banerjee All it took was a bit of a hint that the Federal Reserve may stick to its moderate…
Fed’s Waller: if data stays hot, policy rate should go above 5.1%-5.4%
By Ann Saphir (Reuters) – A string of “hot” data may force the U.S. central bank to raise rates higher than the 5.1%-5.4% range projected by the majority of Federal Reserve policymakers…
Monetary rules suggest Fed’s policy rate could be lower, report says
By Michael S. Derby NEW YORK (Reuters) – The current stance of U.S. monetary policy is now more aggressive than a slate of rules suggests is needed, according to a report released…
Fed’s Kashkari: open to either 25 bps or 50 bps rate hike
(Reuters) – Minneapolis Federal Reserve Bank President Neel Kashkari said Wednesday he is “open-minded” on either a 25 basis point or a 50 basis point rate hike at the U.S. central bank’s…
Fed’s Favorite Inflation Index Blew Past Expectations In January
Fed’s Favorite Inflation Index Blew Past Expectations In January John Hugh DeMastri on February 24, 2023 The Federal Reserve’s preferred measure of inflation, the personal consumption expenditures (PCE) price index, surged past…
Fed’s Mester says hot inflation data affirms case for more rate hikes
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Cleveland leader Loretta Mester said Friday she wasn’t surprised by the latest round of strong U.S. inflation data, which she…
Fed’s Mester sticks with December interest rate projection for now
(Reuters) – Cleveland Federal Reserve President Loretta Mester said on Friday that she was keeping to her previous forecast made at the end of last year for the U.S. central bank’s interest…
Fed’s Barkin: Labor shortages may persist
ROSSLYN, Va (Reuters) – The labor shortages bedeviling U.S. businesses are unlikely to be resolved quickly or easily, Richmond Federal Reserve bank president Thomas Barkin said Friday, pointing to low immigration, population…
Fed’s Bullard: Further rate increases would “lock in” disinflation
By Howard Schneider WASHINGTON (Reuters) – Continued Federal Reserve rate increases will “lock in” slowing inflation even with continued economic growth, St. Louis Federal Reserve President James Bullard said on Thursday. Bullard…
Austan Goolsbee under consideration to become Fed’s vice chair – WSJ
(Reuters) – The White House is considering nominating Chicago Federal Reserve President Austan Goolsbee to serve as vice chair of the Fed’s Board of Governors to succeed Lael Brainard, who is stepping…
Fed’s Harker says small rate hikes on table, opens door to cuts next year
By Michael S. Derby NEW YORK (Reuters) – Philadelphia Federal Reserve President Patrick Harker said on Friday the surprisingly strong jobs data reported last week did not alter his view that moving…
Red State Gov Refuses To Enforce Feds’ Pistol Brace Rule That ‘Erodes The Second Amendment’
Red State Gov Refuses To Enforce Feds’ Pistol Brace Rule That ‘Erodes The Second Amendment’ Bronson Winslow on February 9, 2023 Republican Montana Gov. Gregory Gianforte sent a letter to U.S. Attorney General…
Fed’s foot ‘unequivocally’ on brake, sensible to move slower, Barkin says
WASHINGTON (Reuters) – Tight monetary policy is “unequivocally” slowing the U.S. economy, allowing the Federal Reserve to move “more deliberately” with any further interest rate increases, Richmond Fed President Thomas Barkin said…
Fed’s Waller sees no sign of ‘quick’ decline in inflation
By Howard Schneider WASHINGTON (Reuters) – Inflation seems poised to continue slowing this year but the U.S. central bank’s battle to reach its 2% target “might be a long fight” with monetary…
Fed’s Cook: January job gains increase hopes for soft landing
By Howard Schneider WASHINGTON (Reuters) – The strong January job gains of half a million new positions coupled with moderating wage growth has increased hopes for a “soft landing” as the Fed…
Fed’s Williams: Financial conditions seem broadly consistent with the Fed’s outlook on policy
By Michael S. Derby NEW YORK (Reuters) – New York Fed President John Williams said financial conditions are roughly in line with what central bankers want to see. “We still have work…
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