Tag Archives: Fed

(Bloomberg) — The Federal Reserve delivered the biggest interest-rate increase since 2000 and signaled it would keep hiking at that pace over the next couple of meetings, unleashing the most aggressive policy action in decades to combat soaring inflation. Most Read from Bloomberg The U.S. central bank’s policy-setting Federal Open Market Committee on Wednesday voted unanimously to increase the benchmark rate by a half percentage point. It will begin allowing its holdings of Treasuries and… Source link

The Federal Reserve on Wednesday raised short-term interest rates by 0.50%, as part of an effort to tamp down the inflationary pressures weighing on Americans. The central bank suggested that it will further raise borrowing costs throughout this year as it attempts to undo its pandemic-era, easy money policies. The policy-setting Federal Open Market Committee also detailed plans on unwinding its nearly $9 trillion balance sheet. The decision to raise rates by 0.50% marked the most aggressive… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, May 4, 2022 In the face of rising inflation, the Federal Reserve looks poised to do something it has not done in two decades: Implement a king-sized bump in interest rates. Rewind to May 2000, when things were very different (i.e. Razor Scooters were catching on and *NSYNC was topping the Billboard charts). But much like today, concerns… Source link

U.S. stock futures opened little changed Tuesday evening, with investors looking ahead to the Federal Reserve’s latest monetary policy decision against the backdrop of elevated inflation and a still-tight U.S. labor market. Contracts on the S&P 500 and Nasdaq gained, while Dow futures dipped. Investors are awaiting the Federal Reserve’s monetary policy statement and press conference from Chair Jerome Powell later Wednesday afternoon. The central bank is widely expected to raise interest rates… Source link

(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg The Federal Reserve isn’t going to hike rates as much as markets are currently betting, according to Cathie Wood. The strategies of ARK Investment Management LLC, where Wood is founder and chief executive officer, have struggled recently amid fear of inflation, she said via video to the Seedly Personal Finance Festival in Singapore. The firm’s flagship ARK… Source link

Mary Daly, president of the Federal Reserve Bank of San Francisco, joined Yahoo Finance to discuss her outlook on inflation and the central bank’s response. Below is a transcript of her appearance, aired live on April 21. – BRIAN CHEUNG: Welcome to Yahoo Finance live. I am Brian Cheung live here at the Federal Reserve Bank of San Francisco alongside the president of the San Francisco Fed Mary Daly. Good morning. How are you? MARY DALY: Good morning. I’m terrific. Thanks for having me. BRIAN… Source link

Banks will kick off earnings season this week, with first-quarter results due out from a lineup of industry heavyweights led by JPMorgan Chase on Wednesday. The latest quarterly figures are expected to preface a lackluster year for bank profits despite the lift anticipated from higher interest rates. According to projections compiled by S&P Global Market Intelligence, U.S. bank earnings will fall by more than 8% in 2022 from last year, namely as the financial boost from releasing reserves… Source link

Seth Carpenter, Morgan Stanley chief economist and former Federal Reserve deputy director of monetary affairs, thinks there is no way around a sharp slowing of the economy as the Federal Reserve embarks deeper into its rate hiking cycle. “If you think about what the Fed itself thinks is the long-run sustainable growth rate of the economy, they think that rate of growth is below 2%. And so if you take a growth rate in the economy that’s above 5% or 6%, and you’re going to try to bring it down… Source link

U.S. stock futures gained Friday morning, with investors continuing to contemplate the next policy moves by the Federal Reserve. Contracts on the S&P 500 pointed to a higher open to build on Thursday’s gains and further shake off volatility from earlier this week. Still, as of Thursday’s close, the S&P 500 was on track to post a weekly loss that would end a three-week winning streak, if levels hold through Friday’s close. Fresh commentary from Fed officials remained in focus, as another set of… Source link

Federal Reserve Governor Lael Brainard said that the central bank can raise interest rates more aggressively to dampen the high rate of inflation felt by Americans. Brainard, who is awaiting a confirmation vote to serve in the central bank’s number two role, added that policymakers are attuned to the disparate impacts of inflation on particularly lower-income households. “Currently, inflation is much too high and is subject to upside risks,” Brainard said at a conference Tuesday. “The… Source link