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.…
Permanent shifts in inflation could mean more volatile policy – Fed’s Barkin
By Howard Schneider ATLANTA (Reuters) – Changes in global supply chains, demographic shifts, and fractured trade relationships may make inflation in the future more volatile, and force the Federal Reserve and other…
Fed’s Bowman suggests averaging bank stress test results to smooth out capital requirements
By Pete Schroeder WASHINGTON (Reuters) – Federal Reserve Governor Michelle Bowman said Friday that averaging bank stress test results over several years could reduce volatility in bank capital requirements, as part of…
The Fed’s Favorite Inflation Indicator Just Spiked Even Higher
The Fed’s Favorite Inflation Indicator Just Spiked Even Higher John Hugh DeMastri on September 30, 2022 The core index of the Federal Reserve’s preferred measure of inflation went up in August,…
Fed’s Daly: ‘Comfortable’ with 4.5%-5% Fed policy rate in 2023
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Thursday said she believes it will take raising interest rates to a 4.5%-5% range and holding them there through the end…
Fed’s Daly: no U.S. recession needed to defeat high inflation
(Reuters) – The Federal Reserve needs to slow the U.S. economy and take the heat out of the strong jobs market to bring down corrosively high inflation, San Francisco Fed chief Mary…
Fed’s Evans: Market volatility can create restrictiveness
By Dhara Ranasinghe and Jorgelina do Rosario LONDON (Reuters) – Federal Reserve Bank of Chicago President Charles Evans said on Wednesday that volatility in markets can create additional restrictiveness in financial conditions. …
Fed’s Evans: expect to reach top Fed policy rate by March
By Dhara Ranasinghe and Jorgelina do Rosario LONDON (Reuters) – The Federal Reserve is raising interest rates expeditiously to address very high, persistent inflation, and will likely get U.S. short-term borrowing costs…
Fed’s Bostic backs 75-basis-point hike in November, smaller rise in December
By Howard Schneider WASHINGTON (Reuters) – The lack of clear progress on inflation means the Federal Reserve needs “moderately restrictive” interest rates that should reach a level between 4.25% and 4.50% by…
Fed’s Daly: do not want to tip economy into downturn
(Reuters) -San Francisco Federal Reserve Bank President Mary Daly said on Tuesday that the U.S. central bank is “resolute” about bringing down high inflation but also wants to do so “as gently…
Fed’s Powell reiterates call for appropriate regulation of digital finance
(Reuters) – Digital financial assets require appropriate regulations to ensure a level playing field and protect consumers, Federal Reserve Chair Jerome Powell said on Tuesday. “Within the decentralized finance ecosystem there are…
Fed’s Mester: with inflation high, better to act “aggressively”
By Ann Saphir (Reuters) – With inflation “unacceptably high,” the Federal Reserve should lift rates higher and keep policy restrictive for some time, Cleveland Fed President Loretta Mester said on Monday —…
Gulf central banks raise rates after Fed’s third big hike in a row
DUBAI (Reuters) – Gulf central banks raised their key interest rates on Wednesday after the U.S. Federal Reserve delivered its third consecutive three-quarter percentage point hike, with Brent dropping below $90 immediately…
Fed’s Powell: U.S. housing market headed for ‘correction’
(Reuters) – Federal Reserve Chair Jerome Powell on Wednesday said the U.S. housing market will probably go through a “correction” after a period of “red hot” price increases that have put home…
Top manager Vanguard bullish on U.S. Treasuries as Fed’s hikes near peak
By Davide Barbuscia NEW YORK (Reuters) – Vanguard, the world’s second-largest asset manager, believes U.S. Treasuries are near the end of a painful decline even as prices tumble to fresh multi-year lows,…
Fed’s Waller: need aggressive rate hikes now while economy can take it
(Reuters) – If the Federal Reserve is able to keep the unemployment rate below 5%, it can be aggressive on bringing down inflation but after that tradeoffs will appear, Fed Governor Christopher…
Fed’s Evans says inflation read could inform Sept rate meeting
(Reuters) – Chicago Federal Reserve Bank President Charles Evans on Thursday said that next week’s inflation report could be “informative” on how much the Fed should raise interest rates next week, with…
Fed’s Powell: Fed’s two mandates not in conflict
(Reuters) – Federal Reserve Chair Jerome Powell on Thursday said he did not see a conflict between the central bank’s two congressionally mandated goals to foster both maximum employment and price stability,…
Fed’s Collins: ‘more to do’ on U.S. interest rate hikes
(Reuters) – Boston Federal Reserve Bank’s new President Susan Collins, in her first media interview since starting the job this summer, said that bringing inflation back down to 2% is the Fed’s…
Fed’s Mester warns high rents mean inflation may not yet have peaked
(Reuters) – The high cost of rental accommodation in the United States has not yet fully filtered through to inflation measures, suggesting inflation may still rise further, Cleveland Federal Reserve Bank President…
Fed’s Barkin warns rates must stay high until inflation eases- FT
(Reuters) – The U.S. Federal Reserve must lift interest rates to a level that restrains economic activity and keep them there until policymakers are “convinced” that inflation is subsiding, Richmond Fed President…
Fed’s Mester: interest rates need to rise ‘somewhat above’ 4%
(Reuters) – The U.S. Federal Reserve will need to raise interest rates somewhat above 4% by early next year and then hold them there in order to bring too high inflation back…
Fed’s Williams sees no early end to balance sheet runoff
(Reuters) – The head of the New York Federal Reserve on Tuesday brushed aside concerns that the central bank may once again have to call an early end to reductions of its…
Fed’s Williams: no rate cuts expected next year
(Reuters) – New York Federal Reserve Bank President John Williams on Tuesday said he believes the central bank will raise its policy rate high enough to restrict growth and bring down inflation,…
Fed’s Barkin: no need for possible U.S. recession to be ‘calamitous’
(Reuters) – The U.S. Federal Reserve’s commitment to raising interest rates in order to bring inflation back down to its 2% goal will not necessarily result in a severe economic downturn and…
Fed’s Kashkari: ‘happy’ with market reaction to Powell speech -Bloomberg
(Reuters) – Minneapolis Federal Reserve Bank President Neel Kashkari on Monday said he felt the stock market selloff that followed Fed Chair Jerome Powell’s hawkish speech on Friday shows investors understand the…
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