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: If economy meets expectations, unlikely to see rate cuts this year
By Michael S. Derby (Reuters) – Federal Reserve Chair Jerome Powell pushed back on Wednesday on rising hopes that the U.S. central bank may be able to undue some of its interest…
Fed’s Powell: Prospect of U.S. soft landing remains alive
(Reuters) – Federal Reserve Chair Jerome Powell said on Wednesday that his hopes for an economic soft landing, despite very aggressive interest rate rises, remain alive. “I continue to think there’s a…
Fed’s Powell: No one should assume Fed can protect economy in debt default
(Reuters) – Congress lifting the debt ceiling is the “only way forward” to allow the federal government to meet its obligations and no one should expect the Federal Reserve to be able…
Fed’s Powell: Possible fed could raise rates beyond December forecast
NEW YORK (Reuters) – Federal Reserve Chairman Jerome Powell said on Wednesday he is not fully sure where the central bank will stop with rate rises as it presses forward with its…
Fed’s Powell: will need substantially more evidence to be confident inflation on downward path
NEW YORK (Reuters) – Federal Reserve Chair Jerome Powell on Wednesday welcomed recent cooling in inflation data but said there had not been enough progress bringing price pressures back to 2%. “We…
Fed’s words in focus as markets bet rate hikes will soon end
By Ann Saphir (Reuters) – U.S. central bankers have unambiguously telegraphed this week’s policy decision: a quarter-of-a-percentage-point increase in their benchmark interest rate, the smallest since they kicked off their tightening cycle…
Column-U.S. debt ceiling saga softens Fed’s QT: McGeever
By Jamie McGeever ORLANDO, Fla. (Reuters) – If the Federal Reserve is to ease U.S. monetary policy this year, it may be a backdoor loosening around its quantitative tightening channel rather than…
Column-U.S. debt ceiling saga softens Fed’s QT: McGeever
By Jamie McGeever ORLANDO, Fla. (Reuters) – If the Federal Reserve is to ease U.S. monetary policy this year, it may be a backdoor loosening around its quantitative tightening channel rather than…
Fed’s Collins sees U.S. interest rate hike peak “just above” 5%
By Lindsay Dunsmuir (Reuters) – The Federal Reserve will probably need to raise interest rates to “just above” 5% and then hold them there for a period, Boston Fed President Susan Collins…
Fed’s Logan supports slower rate hike pace, possibly higher stopping point
By Ann Saphir (Reuters) – Dallas Federal Reserve Bank President Lorie Logan on Wednesday laid out a case for slowing the pace of the U.S. central bank’s interest-rate hikes so as to…
Fed’s current structure has boosted public confidence, George says
By Howard Schneider WASHINGTON (Reuters) – The Federal Reserve’s current structure, with the Washington-based Board of Governors and 12 quasi-autonomous regional banks, has “created a durable and credible public institution,” outgoing Kansas…
Fed’s Bullard urges colleagues not to “stall” on remaining rate increases
WASHINGTON (Reuters) – St. Louis Fed President James Bullard said Wednesday that U.S. Federal Reserve policymakers should get the policy rate of interest above 5% “as quickly as we can” before pausing…
Fed’s Williams: Making economy inclusive has benefits for overall activity
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of New York leader John Williams said on Tuesday that the economy does better when everyone gets a shot at participating.…
Fed’s Harker ready to downshift to 25 basis-point interest rate hikes
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Philadelphia leader Patrick Harker said Thursday that while the central bank needs to raise rates more to cool off inflation,…
Fed’s Collins leans toward quarter-point rate increase -NYT
By Michael S. Derby (Reuters) – Boston Federal Reserve bank leader Susan Collins said she is inclined to raise interest rates by a quarter percentage point at the central bank’s upcoming policy…
HSBC expects Fed’s final rate hike on Feb. 1, cuts next year
NEW YORK (Reuters) – The Federal Reserve will likely hike its target interest rate for the last time at its Jan. 31-Feb. 1 monetary policy meeting, raising it by 50 basis points…
Fed’s more gradual rate hike path should limit economic harm, Barkin says
By Lindsay Dunsmuir (Reuters) – The Federal Reserve’s move to smaller interest rate hike increments will help limit damage to the economy as the U.S. central bank works to bring high inflation…
December’s Strong Jobs Report Unlikely To Slow Fed’s Rate Hikes
December’s Strong Jobs Report Unlikely To Slow Fed’s Rate Hikes John Hugh DeMastri on January 6, 2023 The U.S. added 223,000 jobs in December, surpassing investor expectations by roughly 20,000 and cooling…
Fed’s Bostic: jobs data another sign economy is gradually slowing
By Lindsay Dunsmuir (Reuters) – The latest U.S. jobs figures are another sign that the economy is gradually slowing and should that continue the Federal Reserve can step down to a quarter…
Fed’s George: It will be key to hold rates up once hikes end
By Michael S. Derby NEW YORK (Reuters) – Kansas City Federal Reserve leader Esther George said on Thursday that she hopes the central bank will continue its efforts to shrink its balance…
Fed’s Bostic: Officials “remain determined” to beat inflation
WASHINGTON (Reuters) – Inflation is the biggest headwind facing the U.S. economy right now and U.S. Federal Reserve officials “remain determined” to lower it back to the central bank’s 2% target, Atlanta…
Kashkari sees Fed’s target interest rate peaking at 5.4%
(Reuters) – The Federal Reserve should continue hiking interest rates at its next few meetings at a minimum until it is sure that inflation has peaked, Minneapolis Fed President Neel Kashkari said…
POLL: Most Americans Support Criminal Prosecution For Twitter Censors Who Colluded With Feds
POLL: Most Americans Support Criminal Prosecution For Twitter Censors Who Colluded With Feds Laurel Duggan on December 20, 2022 The vast majority of Americans support criminal prosecution for Twitter employees who worked…
Fed’s Mester sees rates rising more than most policy makers have forecast
By Michael S. Derby (Reuters) – Cleveland Federal Reserve bank President Loretta Mester said on Friday that she believes the U.S. central bank will have to raise interest rates higher than the…
TSX hits 5-week low as Fed’s hawkish stance fuels recession worries
By Fergal Smith TORONTO (Reuters) – Canada’s main stock index slumped to a five-week low on Thursday, with the technology and materials groups leading broad-based declines, as investors were unable to see…
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