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Federal Reserve Governor Michelle Bowman said Monday that she was open to lifting interest rates by more than the traditional quarter-point at the central bank's next meeting in March.
Tagged with: Federal Reserve
Read More »A key inflation gauge rose 5.8% in 2021, most in 39 years
A measure of prices that is closely tracked by the Federal Reserve rose 5.8% last year, the sharpest increase since 1982, as brisk consumer spending collided with snarled supply chains to raise the costs of food, furniture, appliances and other goods.
Tagged with: Federal Reserve inflation Joe Biden
Read More »Fed survey finds growth ‘downshifted’ in summer due to COVID
U.S. economic activity "downshifted" in July and August due to rising concerns about COVID's delta variant, as well as supply chain problems and labor shortages, the Federal Reserve's latest survey of the nation's business conditions revealed.
Tagged with: economy Federal Reserve
Read More »Fed expects to keep its key rate near zero through 2023
The Federal Reserve foresees the economy accelerating quickly this year yet still expects to keep its benchmark interest rate pinned near zero through 2023, despite concerns in financial markets about potentially higher inflation.
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Read More »Fed reduces rates but may not cut again this year
The Federal Reserve cut its benchmark interest rate Wednesday for a second time this year but suggested it may not cut rates any further this year.
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Read More »Homebuilders battered as Fed raises key rate
The Federal Reserve took note of the U.S.'s resilient economy on Wednesday by raising the country's benchmark interest rate for the second time this year and signaling that it may accelerate its pace of rate increases.
Tagged with: Federal Reserve interest rates Residential Construction
Read More »Fed is to leave rates alone now but to hike later in year
The Federal Reserve is all but sure to leave interest rates unchanged this week, although steady economic growth and inflationary pressures are likely to keep the Fed on a path toward further rate hikes later this year.
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Read More »Yellen says Fed watching slowdown in inflation
Federal Reserve Chair Janet Yellen told Congress on Wednesday that the Fed is carefully watching a recent slowdown in inflation and that, if it persists, it could lead the central bank to rethink its plans on rate hikes.
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Read More »Fed debating when to unwind $4.5 trillion in bond holdings
The Federal Reserve is figuring out when to start unloading much of its $4.5 trillion in bond holdings — marking a turning point for an economy still recovering from the 2008 financial crisis.
Tagged with: Federal Reserve inflation
Read More »Proposal gives banks more leeway on mortgage bonds
Banks may be allowed to hold a smaller stake in the mortgage investments they sell if those loans are made to homebuyers with stronger finances.
Tagged with: Federal Reserve mortgages
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