Fed To Continue Asset Purchases Until ‘Substantial’ Progress Toward Recovery
While announcing its widely expected decision to leave interest rates unchanged, the Federal Reserve on Wednesday signaled that it plans to continue its asset purchase […]
The Fed Effort to Save Midsize Firms Isn’t Working, and Here’s Why
LISTEN TO ARTICLE SHARE THIS ARTICLE It sounded like a great idea back in April. With the economy getting hammered by Covid-19, the Federal Reserve […]
Shelton Fed Bid Likely Doomed With Senate’s Holiday Departure
Judy Shelton’s chance of getting confirmed to the Federal Reserve Board was left hanging by a fraying thread after the Senate left Washington Wednesday for […]
Shelton Fed Bid Likely Doomed With Senate’s Holiday Departure
Judy Shelton’s chance of getting confirmed to the Federal Reserve Board was left hanging by a fraying thread after the Senate left Washington Wednesday for […]
Biggest U.S. Banks Seen Adding to Reserves for Pain Yet to Come
When it comes to loan losses sparked by the Covid-19 pandemic, U.S. banks aren’t taking any chances. The nation’s four biggest lenders probably set aside […]
Fed Extends Dividend, Buyback Limit on Wall Street Banks to 2021
The Federal Reserve has extended through the rest of the year its unprecedented constraints on dividend payments and share buybacks for the biggest U.S. banks. […]
Fed’s Bullard Says U.S. Has Already Delivered Enough Fiscal Aid
Federal Reserve Bank of St. Louis President James Bullard said the U.S. economy has enough momentum to continue its recovery from the coronavirus slump even […]
Rates Market Sleepwalks Back Toward Historically Low Yields
The Treasury market is sedated, and it’s hard to find anyone who thinks yields will do anything but shuffle along or sink further. A measure […]
Powell Laid the Blueprint for Tech’s Eventual Wreck With QE Punt
Big tech’s market-leading days might be numbered thanks to Federal Reserve Chairman Jerome Powell. The Nasdaq 100 sank as much as 2.8% on Thursday, dragged […]
Fed Forecasts Interest Rates At Near-Zero Levels Through 2023
Citing the economic hardships caused by the COVID-19 pandemic, the Federal Reserve left interest rates unchanged on Wednesday and signaled rates are likely to remain […]
Treasury Traders Are Doubtful Powell Can Drive Inflation Higher
The Treasury market has set a high bar for the Federal Reserve to jump in order to recharge inflation expectations and upend a bullish tone […]
Fed Seen Balking Again at Providing Fresh Interest-Rate Guidance
Federal Reserve officials will link interest-rate increases to inflation outcomes when they provide more guidance on the future path of monetary policy, economists said in […]
Fed Seen Balking Again at Providing Fresh Interest-Rate Guidance
Federal Reserve officials will link interest-rate increases to inflation outcomes when they provide more guidance on the future path of monetary policy, economists said in […]
Morgan Stanley Preps for Even Bigger Fed-Engineered Risk Rally
The Fed is about to bestow more gifts on the market, stoking a new phase in the risk rally, according to Morgan Stanley Investment Management […]
Democrats Propose Requiring Fed to Reduce Inequality Across U.S.
Democrats in Congress introduced a bill Tuesday that would cement the Federal Reserve’s role in fighting economic inequality. The Federal Reserve Racial and Economic Equity […]
Fed to Debate Dimming Outlook as Virus Surges, Fiscal Help Hangs
For Federal Reserve officials, as for many others, it’s been a long six weeks. Setbacks in the fight against the coronavirus will push Fed Chair […]
Homegrown Buyers Pick Up Treasury’s Tab to Fund Record Deficits
The U.S. Treasury has more than just the Federal Reserve in its corner as it battles to contain the cost of financing the nation’s record […]
Fed’s Jobs, Inflation Mandates Blur ‘70s Law Aimed at Inequality
Federal Reserve Chair Jerome Powell is testifying before Congress this week in hearings mandated by a 1978 law that was meant to prevent mass joblessness […]
Jerome Powell Interview Causes Some to Tout BTC | Live Bitcoin News
Many people are comparing bitcoin favorably to the centralized banking system of the United States following an interview on “60 Minutes” with U.S. Federal Reserve […]
New Jersey Shore Will Be Open for Memorial Day, Murphy Says
New Jersey beaches will be open for the Memorial Day weekend, with social distance guidelines in place, Governor Phil Murphy said. Each beach must set […]
JPMorgan, Citi Left Out as Fed Began Historic Debt ETF Rescue
The two largest U.S. bond-trading firms were caught off guard as the Federal Reserve began its most unusual action yet to prop up global markets. […]
Powell Pushes Back Against Possibility of Negative Fed Rates
Federal Reserve Chairman Jerome Powell pushed back against the prospect the central bank would deploy negative interest rates in the U.S., though he didn’t fully […]
Cash Havens With $4.8 Trillion Fret Unthinkable Negative Returns
Money-market mutual funds, the ultimate havens for investors looking to preserve capital, once again are trying to maneuver in a zero interest-rate environment. The problem […]
World’s Biggest Central Banks Meet as Pressure Mounts to Do More
Global central banks remain under pressure to do more to support their economies through the coronavirus recession even after driving interest rates to record lows […]