Federal Reserve officials who are hoping slower US job growth will help them in their fight to curb high inflation will get essential data on jobs and wages on Friday, in the last batch of data before their next decision on interest rates at the beginning of May. Economists anticipate what, from the Fed’s perspective, […]
Tag: Fed
NY Fed: rate policy depends on uncertainty in financial conditions
The president of the Federal Reserve Bank of New York, John Williams, said on Friday that the uncertain evolution of financial conditions will be a key factor in his reflection on the future of the central bank’s interest rate policy. “The economic outlook is uncertain and our policy decisions will be driven by data and […]
Wells Fargo fined $98 million for violating US sanctions
US bank Wells Fargo agreed on Thursday to pay a nearly $98 million fine to US authorities for allegedly violating its sanctions against Iran, Syria and Sudan. The fine is the result of adding the sanction of the Federal Reserve (US$ 67.8 million) and the one imposed by the Office of Financial Assets Control of […]
Fed’s Bullard: ‘Swift’ US response to banking stress keeps focus on inflation
US regulators’ response to the banking stress was strong and fast enough to contain the damage and allow the Federal Reserve’s interest rate policy to continue to focus on inflation, said the president of the bank in St. Louis, James Bullard. Measures such as a new line of bank credit for the fed were approved […]
Central banks stick to rate hikes with an eye on market turmoil
Global central banks must juggle the need to control inflation through higher interest rates and calm market jitters amid banking sector turmoil, which has revived memories of the 2008 global financial crisis. . After the Federal Reserve delivered a modest 25 basis point rate hike on Wednesday, the central banks of Switzerland, Norway and the […]
Fed raises its reference rate by 0.25%
The US Federal Reserve (Fed) announced yesterday Wednesday an interest rate hike of 0.25 points to place them between 4.75% and 5%, amid the crisis caused by the unexpected collapse of two main banks in the country and the rescue of a third. This is the ninth rate hike in a year to combat inflation, […]
Fed raises rates and says the US banking system is “safe”
The us federal reserve (Fed, central bank), raised its reference rates moderately by a quarter of a percentage point to 4.75-5.00% as expected by the market, still concerned about inflation and despite problems in the banking sector that could “weigh ” on economy. The Fed argued that the problems of the banking sector “They are […]
USA: FED raises interest rates by 0.25% and places them between 4.75% and 5%
For the ninth time in a row, the Federal Reserve (FED) of the United States on Wednesday raised interest rates by a quarter of a percentage point (0.25%) and anticipated that it was “about to stop further increases in borrowing costs.” Living up to the forecast, Fed policymakers voted unanimously to raise its benchmark interest […]
US banks would maintain “solidity”
The collapse of Silicon Valley Bank (SVB) and the SignatureBank it has caused fear and distrust in many American clients, who are withdrawing their funds from medium-sized banks to deposit them in larger ones that would have a better chance of being rescued by the US State in the event of bankruptcy. This situation has […]
First Republic Bank shares soar 23% after days of panic
The actions of the punished US bank First Republic They shot up more than 23% this morning, during electronic operations prior to the opening of Wall Street, after several days of deep falls as a result of the storm that has raged over US and European banks. An hour and a half before the Wall […]