Don’t expect big interest rate hikes, Fed chief Powell says
Federal Reserve chief Jerome Powell said Wednesday he regards current interest rates at nearly a neutral level.
Federal Reserve
Fed raises interest rates for third time in 2018, citing job growth
The Federal Reserve raised federal interest rates another quarter-percent Wednesday, to 2 1/4 percent.
Consumer spending increases strongly; inflation rising
U.S. consumer spending increased solidly in July, pointing to strong economic growth early in the third quarter, while a measure of underlying inflation hit the Federal Reserve’s 2 percent target for the third time this year.
Stocks reach new all-time high, despite Trump’s trade threats and Fed criticisms
Stock markets hit a new all-time high Tuesday as they approached the longest bull market in modern history, despite President Trump’s recent statements on trade and monetary policy that have unnerved some business leaders.
Powell backs more rate hikes as economy growing ‘considerably stronger’
The U.S. economy is running at a fast enough pace to justify continued interest rate increases, Federal Reserve Chairman Jerome Powell said Tuesday.
Deutsche Bank fails Federal Reserve stress test
U.S. operations of Deutsche Bank failed an annual regulatory stress test by the Federal Reserve, according to results released Thursday.
Atlanta Fed Ups 2nd Quarter Growth Forecast to a Blazing 4.8%
The U.S. economy is expanding at a 4.8 percent annualized rate in the second quarter, the Atlanta Federal Reserve’s GDPNow forecast model showed on Friday.
U.S. job growth picks up, unemployment rate falls to 3.9 percent
U.S. job growth increased less than expected in April and the unemployment rate dropped to near a 17-1/2-year low of 3.9 percent as some out-of-work Americans left the labor force.
Economy adds 103,000 jobs in March, unemployment steady at 4.1 percent
The economy created 103,000 new payroll jobs in March and the unemployment rate held steady at 4.1 percent, the Bureau of Labor Statistics reported Friday morning.
Trump to announce trade sanctions against China for intellectual property theft
On Thursday, US President Donald Trump is set to announce new sanctions against China for stealing US intellectual property, according to a White House official.
Fed raises rates as it weighs tighter money over the next few years
The Federal Reserve announced an increase in its target interest rate Wednesday afternoon, continuing its careful efforts to withdraw its crisis-era stimulus measures, while also hinting at faster rate hikes over the next two years.
Dow falls 299 points after Powell signals Fed will keep raising rates to contain inflation
U.S. stocks fell for the first time in four days Tuesday after comments from new Federal Reserve Chair Jerome Powell sent rates higher.
Total US household debt soars to record above $13 trillion
The American consumer is loading up on debt.
New York Fed Forecasts 4.0% GDP Growth
The Trump economic boom is picking up steam as American heads into the final weeks of the president’s first year in office.
Federal Reserve raises interest rates for third time in 2017
With the labor market strengthening and economic activity rising at a solid rate, the Federal Reserve on Wednesday announced the third rate-hike of the year.
U.S. Third-Quarter Growth Revised to Three-Year High of 3.3%
The U.S. economy’s growth rate last quarter was revised upward to the fastest in three years on stronger investment from businesses and government agencies than previously estimated, Commerce Department data showed Wednesday.
Yellen to step down from Federal Reserve board
Janet Yellen on Monday submitted her resignation from the Federal Reserve board to US President Donald Trump, announcing that she will leave the board when her successor is sworn in as Fed chairman.
U.S. household debt hit record $13T last quarter
Household debt in the United States reached a record $13 trillion in the third quarter, and rose for the 13th consecutive quarter, officials said Tuesday..
Fed keeps rates unchanged, remains on road to December hike
The Federal Reserve kept interest rates unchanged on Wednesday and pointed to solid U.S. economic growth and a strengthening labor market while playing down the impact of recent hurricanes, a sign it is on track to lift borrowing costs again in December.
Meeting with economists and blue-collar workers, Fed Chair Janet Yellen talks of economic uncertainty
In a speech Tuesday marked by large doses of both statistics and humility, Federal Reserve Chairwoman Janet L. Yellen said that the economic outlook is highly uncertain, suggesting that the central bank will proceed slowly in raising interest rates and scaling back easy-money policies.