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Stories 1 - 20 |
Fed: No Change in Rates
Despite Strong Recovery
Jul 28, 2021 2:46 PM CDT
Fed: No Change in Rates Despite Strong Recovery
But central bank may start dialing back policies later this year
- The Federal Reserve said Wednesday that the US economy is strengthening and making progress on the Fed's employment and inflation goals, a small step toward dialing back its ultra-low-interest rate policies, perhaps later this year. The statement the Fed issued after its latest policy meeting said that ongoing vaccinations...
Fed Chair Announces Big
Change on Interest Rates
Aug 27, 2020 10:30 AM CDT
Fed Chair Announces Big Change on Interest Rates
Jerome Powell says Fed will keep rates near zero, even after inflation exceeds 2%
- The Federal Reserve announced a significant change Thursday in how it manages interest rates by saying it plans to keep rates near zero even after inflation has exceeded the Fed's 2% target level. The change signifies that the Fed is prepared to tolerate a higher level of inflation than...
Aug 15, 2019 6:47 AM CDT
Trump Blasts 'Crazy Inverted Yield Curve'
Economists are split on signs of a recession
- President Trump says the American economy is doing magnificently and we are "winning, big time, against China"—but one of the things still holding the economy back is the Federal Reserve chairman he appointed. In a pair of tweets Wednesday, Trump renewed his attacks on Jerome Powell, calling...
The Fed Takes a
No-Hike Position for 2019
Mar 20, 2019 1:55 PM CDT
The Fed Takes a No-Hike Position for 2019
The Federal Reserve left its key interest rate unchanged Wednesday
- The Federal Reserve left its key interest rate unchanged Wednesday and projected no rate hikes in 2019, dramatically underscoring its plan to be "patient" about any further increases. The Fed announced that it was keeping its benchmark rate—which can influence everything from mortgages to credit cards to home...
Trump on Fed Chief: 'Maybe'
I Shouldn't Have Hired Him
Oct 24, 2018 8:31 AM CDT
Trump on Fed Chief: 'Maybe' I Shouldn't Have Hired Him
President goes after Jerome Powell and central bank for raising interest rates
- Framing the state of the economy in personal terms, referring to "my numbers," President Trump blasted Fed chief Jerome Powell and the central bank itself in an interview with the
Wall Street Journal .
Trump called the Fed the "biggest risk" to the economy, due to the three...
Trump: The Fed 'Is Going Loco'
Oct 11, 2018 3:03 AM CDT
Trump: The Fed 'Is Going Loco'
He blames central bank for stock market drop
- In a move that is traditionally considered highly unusual for a president, President Trump strongly criticized the Federal Reserve on Wednesday, blaming the central bank for the Dow's 831-point drop . The Federal Reserve has raised rates three times this year, with at least one more rise expected, and the...
More Market Turmoil?
Inflation Higher Than Expected
Feb 14, 2018 8:55 AM CST
More Market Turmoil? Inflation Higher Than Expected
Investors may not be happy because it could lead to a hike in interest rates
- Given the markets' recent volatility, investors were keeping a closer eye than usual on Wednesday's new inflation report—and they may not be thrilled with the data. The consumer price index showed that prices for everyday goods rose slightly higher than expected in January, reports the
Wall Street Journal
Greenspan Warns of the Bubble
That May Be Bursting Next
Aug 4, 2017 1:11 PM CDT
Greenspan Warns of the Bubble That May Be Bursting Next
And when that bond bubble bursts, it will be fast and severe, he says
- More than 20 years ago, Alan Greenspan uttered two words he'd become famous for: "irrational exuberance," which he used to warn about asset prices in the general investment market and how predicting the bursting of such bubbles was a challenging game. Now the former Federal Reserve chair...
Fed Jacks Key Rate
for 2nd Time in 3 Months
Mar 15, 2017 1:21 PM CDT
Fed Jacks Key Rate for 2nd Time in 3 Months
And signals more hikes are ahead in 2017
- The Federal Reserve has raised its benchmark interest rate for the second time in three months and signaled that any further hikes this year will be gradual. The move Wednesday reflects a consistently solid US economy and will likely mean higher rates on some consumer and business loans. The Fed'...
The Fed Likely to Raise
Interest Rates This Month
Mar 3, 2017 1:17 PM CST
The Fed Likely to Raise Interest Rates This Month
Janet Yellen signaled as much in a speech Friday
- Janet Yellen signaled Friday that the Fed will likely resume raising interest rates later this month to reflect a strengthening job market and inflation edging toward the central bank's 2% target rate, the AP reports. The Federal Reserve chair also said that the Fed expects steady economic improvement to...
Fed Raises Key Interest Rate,
Suggests More Hikes Coming
Dec 14, 2016 1:24 PM CST
Fed Raises Key Interest Rate, Suggests More Hikes Coming
It's the first increase in a year
- The Federal Reserve is raising a key interest rate for the first time in a year, reflecting a resilient US economy and expectations of higher inflation. The move will mean modestly higher rates on some loans, reports AP . The Fed signaled in a statement Wednesday that additional rate increases will...
With Fed Set to Hike Rates,
Look for This One Word
Dec 14, 2016 6:53 AM CST
With Fed Set to Hike Rates, Look for This One Word
- The Federal Reserve's first policy meeting since Donald Trump won the election wraps up Wednesday, and analysts say the Fed is almost certain to raise interest rates for just the second time in a decade—though they also said Trump was almost certain to lose the election. Beyond the...
Fed Hints at
Upcoming Rate Hike
Nov 2, 2016 2:01 PM CDT
Fed Hints at Upcoming Rate Hike
But leaves interest rates unchanged for now
- The Federal Reserve is leaving interest rates unchanged just days before Americans choose a new president, but hints again that it will likely raise rates at an upcoming meeting, the AP reports. The Fed says that the case for rate hike has "continued to strengthen" but that the panel...
Tip Her Hand
on Rate Hike
Aug 26, 2016 10:23 AM CDT
Yellen Doesn't Tip Her Hand on Rate Hike
Case is stronger, says Fed chief, without offering timetable
- Federal Reserve Chair Janet Yellen said Friday that the case for raising interest rates has strengthened in light of a solid job market and an improved outlook for the US economy and inflation, reports the AP . So does that mean rates are going up? We'll have to stay tuned,...
Britain Cuts Rates
to Lowest Since 1694
Aug 4, 2016 9:50 AM CDT
Britain Cuts Rates to Lowest Since 1694
That's when the Bank of England was established
- In an attempt to shore up a post- Brexit economy, the Bank of England did something Thursday it hasn't done since 2009: cut interest rates. The rates went from 0.5% to 0.25%, the lowest they've been since the bank's beginnings in 1694, the
9 Years, 5 Months, 16 Days
Later, Fed Makes Its Move
Dec 16, 2015 1:04 PM CST
9 Years, 5 Months, 16 Days Later, Fed Makes Its Move
Janet Yellen and company boost main rate by quarter point
- A quarter point. The Fed on Thursday moved to raise interest rates for the first time since June 29, 2006 , and it did so by boosting its key federal funds rate by a modest 0.25%, reports the
Wall Street Journal
. Fed chief Janet Yellen will lay out the rationale...
Even if Fed
May Be Low
for Long Time
Dec 14, 2015 1:46 PM CST
Even if Fed Acts, Rates May Be Low for Long Time
Here's what to know ahead of the Fed meeting this week
- Janet Yellen and the Fed are expected to raise interest rates for the first time in nine years later this week, probably by a quarter-point, reports
. Some things to know:
Even if the Fed acts, rates might well remain relatively low for years, despite some alarming predictions to
Fed Leaves Rates Unchanged
Sep 17, 2015 1:05 PM CDT
Fed Leaves Rates Unchanged
Janet Yellen keeps historic lows in place
- No rate hike: The Federal Reserve has held off on raising interest rates amid a shaky world economy. Janet Yellen's group cited "global economic and financial developments" to explain the decision, which mostly means the turmoil in China, reports MarketWatch . Fed policymakers now see just one rate hike...
Clinton Wants to
Throw $350B at
Aug 10, 2015 7:47 AM CDT
Clinton Wants to Throw $350B at Making College Free, Cheap
Candidate's plan would make community college free, 4-year college 'no loan'
- As student debt balloons into an issue in the realms of predatory lending , borrowers' mental health , and even the elderly , politicians continue to brainstorm on making college more affordable. Hillary Clinton's solution: a $350 billion proposal whose goals include making community college free, cutting costs to attend four-year public...
Jun 17, 2015 1:12 PM CDT
Fed Leaves Interest Rates Unchanged
But most expect that to change later this year
- The Federal Reserve says the economy has strengthened since a slump early this year but wants to see further gains in the job market and higher inflation before raising interest rates from record lows. The Fed is giving no timetable for a rate hike but says it expects the economy'...
Stories 1 - 20 |
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