The Federal Reserve will kick off a two-day policy meeting on Tuesday in which the benchmark US central bank overnight interest rate is likely to hit its highest in nearly 16 years, hitting a possible plateau that will put tested the economy in a way that had not been seen since the start of the […]
Tag: Fed
With the US economy slowing, the Fed focuses on inflation
Dark clouds are gathering over the US economy, but the Federal Reserve (Fed)which will meet this week, maintains the course of its strategy despite the looming storm and seeks to continue trying to tame the inflation. The priority of the Fed (central bank), whose economic policy committee will deliberate Tuesday and Wednesday, is to prevent […]
JPMorgan acquires First Republic Bank for $10.6 billion
The financial crisis in USA, which began with the bankruptcy of Silicon Valley Bank (SVB), has brought a new victim, as reported by the newspaper El País (Spain). In the early hours of this Monday, May 1, the Federal Deposit Insurance Corporation (FDIC) announced the intervention of First Republic Bank and a sale agreement to […]
Fed is ready to raise rates again. And then what?
The Federal Reserve is preparing to raise its benchmark interest rate for the 10th time on Wednesday, the latest step in its yearlong effort to curb inflation at the fastest rate of rise in four decades. However, economists and Wall Street traders will be more interested in what the fed and its owner Jerome Powell […]
Bullard rules out talk of recession and is in favor of more rate hikes
The US central bank should continue to raise interest rates in light of recent data showing inflation remains persistent, while the overall economy appears poised to continue growing, albeit slowly, the Fed chairman said. Federal of Saint Louis, James Bullard. In an interview with Reuters, bullard responded to views that the United States is headed […]
Traders bet the Fed will raise rates in May
The Federal Reserve is on track to raise its benchmark interest rate in May another quarter of a percentage point, futures traders say, following comments from an influential US central banker that higher borrowing costs are needed to fight inflation . US short-term interest rate futures now reflect the view that a May rate hike […]
United States: inflation fell to 5% in March, its lowest level in the last 2 years
inflation in USA It continues to slow and, in March, registered a rate of 5%, its lowest level since May 2021, according to the Bureau of Labor Statistics (BLS, in English). The data for the third month is one point lower than that detected in February, which strengthens the slowdown in inflation after reaching 9.1% […]
Daly sees “good reasons” to tighten monetary policy or pause
The president of the San Francisco Federal Reserve, Mary Daly, said Wednesday that while the strength of the US economy, the rigidity of the labor market and very high inflation suggest that there is “more work to be done” in terms of the Fed rate hikes, other factors, such as tightening credit conditions, could call […]
Fed’s Barkin Still Expecting Inflation to ‘Crack’
The Federal Reserve has more work to do to bring inflation back to its 2% target as the latest data on price pressures is not weak enough, Richmond-based Fed Chairman Thomas Barkin said Wednesday. . His comments came shortly after a key government report showed that US consumer prices barely rose in March as gasoline […]
US Treasury yields rise on expectations of Fed rate hike
The returns on Treasury bonds USA rose on Monday in thin trading as investors continued to bet on a 25 basis point rate hike from the Federal Reserve in your meeting of monetary politics next month, following a US jobs report that offset other weak economic data. Volume was light as many European markets, including […]