Howard SchneiderRichard Leong
Traders work, as a screen displays the Fed rate announcement, on the floor of the New York Stock Exchange in New York City, US, on Wednesday. The US Federal Reserve left record-high interest rates unchanged at a policy...
CENTRAL BANKS are supposed to inspire confidence in the economy by keeping inflation low and stable. America’s Federal Reserve has suffered a hair-raising loss of control. In March consumer prices were 8.5% higher than a year earlier, the fastest annual rise since 1981. In Washington inflation...
NEW YORK,May 3(Xinhua)--The U.S.Federal Reserve raised interest rates by 25 basis points on Wednesday in the 10th straight move since March 2022 in the fight against rapid inflation,but it also opened the door to a possible pause in rate increases,to which main media responded with variou...
The minutes did not say anything new about interest rates but acknowledged the persistence of inflation and a labor market that is close to, or at, maximum employment. “Participants observed that, in light of the current high level of the Federal Reserve’s secur...
John C. Williams, president of Federal Reserve Bank of New York, on Friday joined a chorus of a number of other central bankers saying he is open to raising interest rates by 50 basis points (bps) at some point. Speaking at a virtual panel, Williams stressed the need to stay nimble alo...
FILE PHOTO: John Williams, chief executive officer of the Federal Reserve Bank of New York, speaks at an event in New York, U.S., November 6, 2019. REUTERS/Carlo Allegri/File Photo WASHINGTON (Reuters) - An index of global supply pressures eased again in August, continuing a...
The Federal Reserve is likely to start lowering its benchmark interest rate in March and make a total of five cuts in 2024, economists at Goldman Sachs predicted on Monday. The investment bank expects the U.S. economy to come in for a"soft landing,"with modestly slowing economic growth, ...
The New York Fed index tracks market liquidity conditions. Launched publicly a month ago, it is designed to show how flush or tight bank reserves are. Numbers veering into negative territory can suggest mounting bank reserve tightness, which speaks directly to what the Fed is doing...
Federal Reserve Bank of New York President John Williams said Wednesday that it's still too soon to call for rate cuts. "My base case is that the current restrictive stance of monetary policy will continue to restore balance and bring inflation back to our 2 percent longer-run goal," Willia...