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 Harker: better to pause rate hikes at the right time than risk overtightening
(Reuters) – The Federal Reserve should pause its interest rate hikes once its policy rate is at a sufficiently restrictive level to bring inflation on a path back down toward the central…
N.Y. Fed’s Empire State business index rises more than expected
NEW YORK (Reuters) – A barometer of manufacturing activity in New York state rebounded more than expected this month as shipments picked up and factory employment continued to grow steadily, the New…
Most Gulf central banks raise interest rates after Fed’s move
DUBAI (Reuters) – Most Gulf states said on Wednesday they would increase their key interest rates after the Federal Reserve raised its key policy rate by three-quarters of a percentage point for…
Fed’s Powell: ‘Soft landing’ chances have narrowed
(Reuters) – There remains a chance that the U.S. economy can escape a recession as the Federal Reserve raises interest rates to lower inflation, but that window of opportunity for a “soft…
Fed’s Powell: ‘Ultimate level’ of rates likely higher than earlier estimates
(Reuters) – The “ultimate level” of the Federal Reserve’s benchmark policy rate is likely higher than previously estimated, Fed Chair Jerome Powell said on Wednesday. In remarks at a press conference after…
Fed’s soothsayers see signs of an inflation downshift
By Howard Schneider WASHINGTON (Reuters) – Is the U.S. economy stuck with such high inflation that it will take a recession to fix it. Or are prices about to crater and leave…
Fed’s Bullard, Evans, show two paths to the same policy rate
By Howard Schneider WASHINGTON (Reuters) – Charles Evans and James Bullard are the U.S. Federal Reserve’s longest-serving monetary policymakers, a pair of PhD economists who’ve been at the center of central bank…
Fed’s Evans: need to get policy rate to a bit above 4.5%, then hold
(Reuters) – Chicago Federal Reserve Bank President Charles Evans on Friday repeated his view that the U.S. central bank ought to get policy to “a bit above” 4.5% by early next year…
Fed’s rate debate shifts to how, and when, to slow down
By Howard Schneider WASHINGTON (Reuters) – The Federal Reserve, set to approve another large interest rate increase early next month, is shifting to a debate over how much higher it can safely…
Fed’s Daly says it’s time to start talking about slowing rate hikes
By Ann Saphir (Reuters) – The U.S. central bank should avoid putting the economy into an “unforced downturn” by raising interest rates too sharply, and it’s time to start talking about slowing…
Fed’s Williams says still difficult to find workers in U.S. economy
By Michael S. Derby HUDSON, N.Y. (Reuters) – Finding workers remains a challenge in the U.S. economy, New York Federal Reserve President John Williams said on Friday. “In the current environment, filling…
Fed’s Evans: Keeping unemployment below 5% would be ‘good’ outcome in inflation fight
WASHINGTON (Reuters) – If the Federal Reserve can bring inflation under control with unemployment remaining under 5% that would be “pretty unusual and good,” Chicago Fed President Charles Evans said on Wednesday.…
Fed’s Bostic: U.S. needs to work through labor market “shuffle and churn”
WASHINGTON (Reuters) – The U.S. labor market is still in the middle of adjusting to new wage and occupation trends that grew out of the pandemic as large firms raise wages and…
The Fed’s Plan To Battle Inflation Could End Up Making Energy More Expensive. Here’s How
The Fed’s Plan To Battle Inflation Could End Up Making Energy More Expensive. Here’s How Jack McEvoy on October 17, 2022 The Federal Reserve’s plan to bring down inflation by hiking…
Fed’s Bullard says boost to dollar from interest rate hikes may ease
WASHINGTON (Reuters) -The Federal Reserve’s rapid interest rate increases have contributed to the strength of the dollar against other currencies, but that may ease once the U.S. central bank reaches the point…
Fed’s George repeats call for steadier and slower path of rate hikes
By Lindsay Dunsmuir (Reuters) – The Federal Reserve should more slowly and steadily raise interest rates to allow time for its policy actions to seep through the economy and minimize market volatility,…
A U.S. central bank digital currency isn’t necessary for dollar supremacy- Fed’s Waller
(Reuters) – Creating a U.S. central bank digital currency is likely not important to the long-term status of the U.S. dollar, Federal Reserve Governor Christopher Waller said Friday. In a speech during…
Fed’s Bowman says more big rate hikes on table if inflation will not cool
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Governor Michelle Bowman said on Wednesday that if high inflation does not start to wane she will continue to support aggressive rate…
Fed’s net income turned negative in September, but it was no surprise
By Michael S. Derby NEW YORK (Reuters) – The Federal Reserve’s net income turned negative in September, minutes from its most recent policy meeting showed, although the largely technical development – previously…
Banks should manage heightened risks from crypto firm deposits –Fed’s Barr
By Hannah Lang (Reuters) -Banks that accept deposits from cryptocurrency companies should be aware of increased liquidity risks, particularly if firms are highly interconnected with other digital asset businesses, said Michael Barr,…
Fed’s Waller sees further aggressive rate hikes in inflation battle
(Reuters) – The U.S. Federal Reserve needs to keep raising interest rates into early next year to bring down stubbornly high inflation, Governor Christopher Waller said on Thursday in a hawkish speech…
Fed’s Kashkari: ‘quite a ways away’ from pausing rate hikes
By Ann Saphir (Reuters) – Minneapolis Federal Reserve Bank President Neel Kashkari on Thursday said the U.S. central bank has “more work to do” on bringing down inflation, and is “quite a…
Fed’s Bostic says inflation fight “still in early days”
By Howard Schneider WASHINGTON (Reuters) – The U.S. Federal Reserve’s fight against inflation is likely “still in early days,” Atlanta Fed president Raphael Bostic said Wednesday, becoming the latest U.S. central banker…
Fed’s Daly: need further rate hikes to beat inflation
By Ann Saphir (Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Tuesday said the U.S. central bank needs to push borrowing costs higher and then hold those restrictive policies…
Fed’s Williams says central bank has more work to do to cool inflation
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of New York President John Williams said on Monday that while there have been nascent signs of cooling inflation, underlying price…
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