Fed

The Latest

  • Fed Grows Confident in U.S. Dodging Recession; Annual GDP Forecast May Double in September
    Sheets of former U.S. President Abraham Lincoln on the five-dollar bill.
    Amid resilient U.S. economic data over the summer, the Federal Reserve appears increasingly confident in achieving a historically rare "soft landing" - curbing inflation without triggering an economic downturn.
  • Fed Anticipated to Raise Rates, Possibly Signal Pause in Tightening Cycle
    Federal Reserve Chair Jerome Powell.
    The Federal Reserve is predicted to increase interest rates on Wednesday, potentially indicating a pause in its 14-month tightening cycle. Policymakers must weigh the necessity to curb inflation against an array of pressing risks, from bank failures to the potential U.S. debt default as early as next month.
  • Atlanta Fed President: One More Rate Hike Could End Tightening Cycle and Steadily Achieve 2% Inflation Target
    Federal Reserve
    Atlanta Fed President Raphael Bostic believes that a single quarter-percentage-point increase in interest rates may enable the Federal Reserve to conclude its tightening cycle while ensuring that inflation returns to the central bank's 2% target.
  • Federal Reserve Formulates New Guidelines For Crypto Lenders
    NEW GUIDELINES
    The new standards establish a transparent procedure for examining requests for Fed accounts.
  • U.S. Needs A Digital Dollar, Federal Reserve Official Says
    NEED FOR CBDC
    Fed vice chair believes CBDCs could co-exist with cryptocurrencies.
  • Biden Renominates Powell To Lead Federal Reserve For Second Term
    SECOND TERM
    Treasury Secretary Janet Yellen said Powell's reappointment will enable the economy to "continue to benefit from his stewardship."
  • Fed Policymakers May Give New Bond-buying Guidance 'Fairly Soon': Minutes
    FED
    U.S. Federal Reserve policymakers may soon give new guidance on their plans for asset purchases, including for how long and in what maturities...
  • Biden May Face Pressure To Reshape Powell's Fed In First Year
    Joe Biden
    U.S. monetary policy won't be a top-of-mind concern for President-elect Joe Biden as he prepares to take office in January, with the Federal Reserve's economic arsenal already deployed against...
  • Fed Vows To Keep Interest Rates Near Zero Until Inflation Rises
    The Federal Reserve building
    The Federal Reserve kept interest rates pinned near zero on Wednesday and made a bold, new promise: to keep them there until inflation is on track to "moderately exceed" the U.S. central bank's 2% inflation target "for some time."
  • Oil Plunges Over 2% As Coronavirus Second Wave Spooks Investors
    OIL
    Over 25,000 new cases in the US were reported on Saturday, as more states tally new infections.
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