The Federal Reserve on Wednesday announced its decision not to raise the range for its benchmark federal funds rate target, choosing to leave rates alone for the first time in 15 months.
Federal Reserve policymakers left the central bank’s benchmark interest rate unchanged despite inflation that has run above its target for over two years.
Federal Reserve Chairman Jerome Powell will get his pause.
The stage is set for the Federal Reserve to take a breather at its next meeting, probably with the explanation that it wants to assess the effects of the earlier interest rate hikes on the economy.
The Federal Reserve’s Summary of Economic Projections from March now appear to be seriously outdated.
President Joe Biden touted May’s jobs report, but Republican presidential candidate Tim Scott says the unemployment numbers are “distorted.”
During an interview with Bloomberg on Friday, Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton, Larry Summers stated that the jobs report shows that forecasters “are exaggerating the
A decline in the self-employed gig economy could be pulling more workers into payroll jobs while also increasing the unemployment rate, Breitbart Economics Editor John Carney explained.
So much for the idea that the labor market was softening enough for the Fed to hold off on rate hikes.
The deal to suspend the limit on federal government debt until 2025 removes one of the obstacles to another Federal Reserve rate increase.
Heritage Foundation economist E.J. Antoni told Breitbart News Saturday that stopping government spending would unleash the American economy and rein in inflation.
On Friday’s broadcast of CNBC’s “Squawk on the Street,” Cleveland Federal Reserve Bank President Loretta Mester stated that the latest Personal Consumption Expenditures (PCE) price index shows that progress on inflation “has been slow and in fits and starts” and
It is getting harder and harder to justify not raising rates at the next meeting of the Federal Open Market Committee.
On Monday’s broadcast of CNBC’s “Squawk Box,” Minneapolis Fed President Neel Kashkari stated that “we keep getting surprised about how high inflation has been, how entrenched it has been, how slow it is coming down,” “services inflation seems pretty darn entrenched”
Federal Reserve Chairman Jerome Powell still appears to support a pause at the next meeting—and expects the Fed will hold rates near current levels rather than cut later this year.
Federal Reserve officials are working overtime to jawbone the market away from the conviction that the Fed will cut rates several times this year.
On Monday’s broadcast of CNBC’s “Squawk Box,” Atlanta Federal Reserve President Raphael Bostic said that he won’t be thinking about cutting interest rates “until well into” next year and that he probably wouldn’t cut interest rates if there was a
On Monday’s broadcast of CNBC’s “Squawk Box,” Atlanta Federal Reserve President Raphael Bostic stated that inflation is “not going to come down very quickly,” and that while there has been progress, the Fed has done “the easiest part of inflation
Even though Wall Street is betting on an interest rate cut, the Federal Reserve could hike rates at its next meeting in June, Breitbart Economics Editor John Carney explained.
The Federal Reserve fired a shot across the bow of market complacency on interest rates.
Bowman says that “additional monetary policy tightening will likely be appropriate” if inflation continues to run high.
Nearly six in ten Americans say that high inflation has had a substantial impact on their lives, while a plurality believes it will become worse six months from now, according to a poll.
Worse than Bernanke and Yellen.
Fed officials drooped language from the statement that had indicated more hikes ahead.
First Republic won’t be the last bank to fail, Breitbart Economics Editor John Carney warned Fox Business host Larry Kudlow in an interview Monday following JPMorgan Chase’s acquisition of the failed bank.
David Bahnsen, chief investment officer at The Bahnsen Group, discussed House Speaker Kevin McCarthy’s (R-CA) debt ceiling success earlier in the week and said President Joe Biden “will have to” negotiate with Republicans as a result.
The bottom line for next week’s meeting of the Federal Open Market Committee is another 25 basis point hike.
The Fed says it will rethink its approach to regulating banks like Silicon Valley Bank.
The first-quarter GDP report bears all the signs of stagflation and makes a Fed rate hike all but inevitable, Breitbart Economics Editor John Carney told Fox Business host Larry Kudlow.
Growth stalled but there were no districts reporting contractions of overall activity.
MANCHESTER, New Hampshire – Anti-woke Republican presidential candidate Vivek Ramaswamy told Breitbart News he plans to “shut down” federal agencies such as the Department of Education for good and replace others like the Federal Bureau of Investigation with new entities built from scratch.
Now we know why Federal Reserve officials at the March meeting yanked down their expectations for economic growth for this year and next: the economics staff of the central bank warned that a recession is on the way.
Fed officials were advised that the central bank’s staff now sees the economy heading toward a recession.
On Wednesday’s broadcast of CNBC’s “Squawk on the Street,” Federal Reserve Bank of Richmond President and CEO Tom Barkin said that he hasn’t seen evidence that inflation has cracked, and that while inflation is moving in a good direction, “it’s
On Monday’s broadcast of CNBC’s “Closing Bell: Overtime,” Moody’s Analytics Chief Economist Mark Zandi stated that inflation getting to a level “anyone feels comfortable with” that is “closer to” the Federal Reserve’s target is “not going to happen before the end
Fears of a widespread run on banks have receded.
The Fed’s James Bullard Pushes Back Against Wall Street The Federal Reserve has begun to push the market away from the conviction that the second half of this year will see interest rates falling significantly. Federal Reserve Bank of St.
Big Blue Banking and the Democrats plan to stay woke. If and when they go broke, they will bail themselves out with other people’s money. That’s how the rich stay rich and get richer.
The stock market is still “at loggerheads with the Fed” thinking the central bank will cut interest rates this year, Breitbart Economics Editor John Carney told Fox Business host Larry Kudlow.
A bit cooler than expected.