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 Mester: no ‘lean’ on size of Sept rate hike, depends on inflation
By Ann Saphir and Howard Schneider JACKSON HOLE, Wyo. (Reuters) – Cleveland Federal Reserve Bank President Loretta Mester on Saturday said she would base her decision on whether to back a third…
Fed’s Bostic: Powell was preparing for some job losses – Fox Business
(Reuters) – Atlanta Federal Reserve President Raphael Bostic on Friday said Chair Jerome Powell was trying to prepare Americans for the possibility of a weaker job market as the central bank raises…
Fed’s Mester sees rates above 4%, says Powell speech ‘strong’ – BBG TV
(Reuters) – Cleveland Federal Reserve President Loretta Mester on Friday said she thinks the U.S. central bank needs to lift interest rates above 4% and said she believed Chair Jerome Powell delivered…
Fed’s Harker: Any U.S. recession would be shallow
(Reuters) – Philadelphia Federal Reserve President Patrick Harker on Friday said he believes the U.S. central bank can bring down inflation without triggering a deep recession and hefty unemployment. “We don’t want…
Fed’s Bostic: leaning toward 50 bps hike in Sept — CNBC
(Reuters) – Atlanta Federal Reserve Bank President Raphael Bostic on Thursday said that with Friday’s data showing U.S. inflation is slowing, he is “leaning” toward supporting a 50 basis point rate hike…
Fed’s Bullard: Inflation likely to be more persistent than expected
(Reuters) – St. Louis Federal Reserve President James Bullard on Thursday said he expects high inflation to be more persistent than many have been expecting and interest rates now are not yet…
Fed’s Harker: Would like to get rates above 3.4% and ‘sit for a while’
(Reuters) – Philadelphia Federal Reserve President Patrick Harker on Thursday said he would like to get interest rates above 3.4% and then “maybe sit for a while,” adding his voice to the…
Fed’s George: Too soon to predict size of Sept hike
(Reuters) – Kansas City Federal Reserve President Esther George said it was too soon to predict how much the U.S. central bank would raise interest rates next month, with key reports on…
Fed’s Bostic says he’s split between 50 bps and 75 bps Sept rise – WSJ
(Reuters) – Federal Reserve Bank of Atlanta President Raphael Bostic said he hasn’t decided if the Fed should increase interest rates by 50 basis points or 75 basis points at its policy…
Fed’s Powell leaves kid gloves behind as he saddles up for Jackson Hole
(Reuters) – Federal Reserve Chair Jerome Powell’s message on inflation and interest rates at this year’s Jackson Hole central banking conference in Wyoming will strike a tone entirely different from the soothing…
Dollar’s historic surge may be music to Fed’s ears: McGeever
By Jamie McGeever ORLANDO, Fla. (Reuters) – The dollar is soaring against the world’s major currencies, heading for its biggest calendar year rise in almost 40 years and third biggest since President…
Fed’s Powell to speak on Aug. 26 at Jackson Hole conference
(Reuters) – Federal Reserve Chair Jerome Powell will address the annual global central banking conference in Jackson Hole, Wyoming, on Aug. 26, a highly anticipated speech that could signal how high U.S.…
Fed’s Bowman sees strong U.S. labor market bringing more women back to work
(Reuters) – A strong U.S. labor market, the recovery of the service sector, and more fully open schools and childcare centers will likely bring more women back to the workforce, Federal Reserve…
Column – Fed’s Powell could use Jackson Hole to flesh out QT thinking: McGeever
By Jamie McGeever ORLANDO, Fla. – The U.S. Federal Reserve’s plan to unwind its bond-bloated balance sheet has taken a backseat to its dramatic interest rate hikes of recent months – but…
Fed’s Bowman: more 75 basis-point hikes should be on the table
By Lindsay Dunsmuir (Reuters) – The U.S. Federal Reserve should consider more 75 basis-point interest rate hikes at coming meetings in order to bring high inflation back down to the central bank’s…
Fed’s Mester says she needs to see ‘several months’ of inflation easing
(Reuters) – Cleveland Federal Reserve Bank President Loretta Mester reiterated on Thursday that she will need to see several months of inflation coming back down towards the U.S. central bank’s 2% target…
Global supply stress eases in July to 1-1/2 year low, NY Fed’s index shows
(Reuters) – Stress on global supply chains improved in July to their lowest level since January 2021 as port congestion and other snags eased, the New York Federal Reserve reported on Thursday,…
Fed’s Bullard: Rates will need to be ‘higher for longer’ if inflation does not recede
(Reuters) – If inflation does not respond to the Federal Reserve’s interest rate increases by easing as expected, then rates will have to remain “higher for longer,” St. Louis Federal Reserve President…
Fed’s Bullard: ‘Relatively soft landing’ feasible for Fed, ECB
(Reuters) – The U.S. Federal Reserve and the European Central Bank may both be able to execute a “relatively soft landing” that avoids a harsh recession for their respective economies as they…
The Fed’s Preferred Inflation Metric Just Surged In Another Warning Sign For The Economy
The Fed’s Preferred Inflation Metric Just Surged In Another Warning Sign For The Economy Max Keating on July 29, 2022 The Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures (PCE) price…
The U.S. economy is shrinking. The Fed’s rate hikes may have only just begun to bite
By Ann Saphir and Lindsay Dunsmuir (Reuters) – The U.S. economy contracted for a second straight quarter, the Commerce Department reported on Thursday, a day after the Federal Reserve raised interest rates…
Fed’s Powell’s absence of specific guidance leaves analysts to fill the gaps
By Ann Saphir WASHINGTON – After the U.S. central bank raised its policy target interest rate on Wednesday by three-quarters of a percent for the second month in a row, Federal Reserve…
Fed’s Powell does not believe U.S. economy is in recession right now
(Reuters) – Federal Reserve Chair Jerome Powell on Wednesday said he did not believe the U.S. economy is currently in a recession but it is softening and the path for the Fed…
Fed’s Powell: Time to go ‘meeting by meeting’ with guidance
(Reuters) – The lack of clear visibility into the future trajectory of the economy means the Federal Reserve can provide reliable guidance about where its policy is headed only on a “meeting…
Fed’s Powell: Another ‘unusually large’ rate increase may be warranted at next meeting
(Reuters) – Another “unusually large” increase in interest rates may be appropriate at the Federal Reserve’s September meeting, but the decision will be determined by the incoming economic data between now and…
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