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.…
The Fed’s Slowed, But Aggressive, Sixth Hike Closes A Historic 2022
The Fed’s Slowed, But Aggressive, Sixth Hike Closes A Historic 2022 John Hugh DeMastri on December 14, 2022 The Federal Reserve announced a hike of 0.5 percentage points, or 50 basis points,…
No labor cavalry coming to Fed’s rescue, as data moves the other way
By Howard Schneider WASHINGTON (Reuters) – The movement of people into and out of the U.S. labor force, a complex flow typically involving more than 12 million people monthly, has shifted against…
Fed’s Evans sees slower rate hike pace, “slightly higher” peak rate
By Bianca Flowers (Reuters) – The Federal Reserve will likely need to raise borrowing costs to a “slightly higher” peak than envisioned in forecasts from September, Chicago Federal Reserve Bank President Charles…
Fed’s Barkin: labor supply likely will remain constrained
(Reuters) – The United States is likely in a sustained period in which there will remain a shortage of workers, complicating the Federal Reserve’s aim of getting labor demand back into balance,…
Fed’s Barr: It’s ‘smart’ to slow pace of rate hikes
By Ann Saphir (Reuters) – Federal Reserve Vice Chair of Supervision Michael Barr on Thursday signaled that he is among U.S. central bankers backing a slowdown in the pace of interest rate…
Fed’s Bowman: interest rates need to be sufficiently restrictive “for some time”
(Reuters) -The Federal Reserve should slow the pace of its rate increases in order to assess the impact of its hiking cycle but inflation remains far too high and the central bank’s…
Job openings data shows modest progress for Fed’s labor market hopes
By Howard Schneider WASHINGTON (Reuters) – U.S. job openings edged lower in October, moving one closely-watched measure of the labor market in the direction Federal Reserve officials hope to see as they…
Once arcane job openings survey becomes darling of Fed’s eye
By Howard Schneider WASHINGTON (Reuters) – As a Harvard University graduate student in the 1980s, Katharine Abraham tried to fill a hole in U.S. economic data by piecing together an estimate of…
Fed’s Barkin sees slower rate hikes, for longer, maybe higher
(Reuters) – Richmond Federal Reserve Bank President Thomas Barkin on Monday said he supports moving to smaller interest-rate hikes in the central bank’s fight to bring down too-high inflation. “I’m very supportive…
Fed’s Brainard: Successive supply shocks a challenge for central banks
By Howard Schneider WASHINGTON (Reuters) – The successive shocks to global supply chains from the pandemic and the war in Ukraine could “herald a shift” to an era of more volatile inflation…
Marketmind: The Fed’s Thanksgiving tonic
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. The Fed gave U.S. markets a perfect pre-Thanksgiving tonic on Wednesday, which should keep risk…
Fed’s George: Could take higher interest rates for longer to encourage saving
(Reuters) – The Federal Reserve may need to raise interest rates to a higher level and hold them there for longer in order to successfully moderate consumer demand and bring down high…
Fed’s Mester: Lowering inflation remains Fed’s main goal
NEW YORK (Reuters) – Federal Reserve Bank of Cleveland President Loretta Mester reiterated Tuesday getting inflation down remains critical for the central bank. “Given high levels of inflation, restoring price stability remains…
Fed’s Mester says she supports smaller rate hike in December
(Reuters) -The Federal Reserve can downshift to smaller interest rate hike increments from next month as it fine-tunes its policy actions to help bring down high inflation while keeping the economy humming,…
Fed’s Daly: Lots of options on table for December FOMC rate hike
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of San Francisco President Mary Daly said Monday that the U.S. central bank could lift its overnight target rate above 5%…
Fed’s Daly: Currently expect fed funds rate to top out around 5%
NEW YORK (Reuters) – Federal Reserve Bank of San Francisco leader Mary Daly said on Monday she is still expecting the U.S. central bank to hike rates more and will likely lift…
Fed’s Bostic: Ready to ‘move away’ from large rate increases at next meeting
By Howard Schneider WASHINGTON (Reuters) – Atlanta Federal Reserve President Raphael Bostic said Saturday he is ready to “move away” from three-quarter-point rate hikes at the Fed’s December meeting and feels the…
Fed’s Collins declines to say how far Fed will hike rates
By Michael S. Derby BOSTON (Reuters) – Federal Reserve Bank of Boston President Susan Collins on Friday declined to say how far the central bank will need to raise rates given uncertainty…
Fed’s Jefferson says low inflation key to U.S. prosperity
(Reuters) – High inflation hurts low-income households hardest, and bringing it down is the best way for the Federal Reserve to help bring prosperity to Americans broadly and narrow the economic gaps…
Fed’s standing repo facility a key tool some say could be improved
By Michael S. Derby NEW YORK (Reuters) – A Federal Reserve tool that provides liquidity in times of stress could be strengthened if it were open to more participants and integrated into…
Fed’s Waller: Ongoing wage increases could make inflation more persistent
WASHINGTON (Reuters) – Federal Reserve Governor Christopher Waller said on Wednesday he is concerned that the outbreak of inflation since 2021 has raised wage pressures going forward in ways that could make…
Fed’s Williams says monetary policy not best tool for financial stability
By Michael S. Derby NEW YORK (Reuters) -New York Federal Reserve President John Williams said on Wednesday he still believes monetary policy is not the best tool to address financial stability risks,…
Fed’s Daly: top policy rate of 4.75%-5.25% ‘reasonable’
By Ann Saphir (Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Wednesday said the U.S. central bank’s policy rate could end up in the 4.75%-5.25% range, high enough to…
Fed’s George says increasingly difficult to bring inflation down without a recession – WSJ
(Reuters) – Inflation is at risk of becoming entrenched in the economy from an overheated job market, making it difficult for the Federal Reserve to bring down inflation without a recession, Kansas…
Slowed producer prices another plus for Fed’s inflation fight
By Howard Schneider WASHINGTON (Reuters) – Prices paid by U.S. businesses rose less than expected in October with some key components registering an out-and-out decline, another sign inflation may be easing and…
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