Federal Reserve Bank of Cleveland President Loretta Mester said on Wednesday that policymakers need to raise interest rates into restrictive territory to cool inflation.
With inflation in the United States still too high, most Federal Reserve officials expect to raise interest rates further this year, Chair Jerome Powell said in prepared testimony to be...
Although inflation has cooled a bit since mid-2022, living costs are still considerably higher today than they were at this time two years ago. And so until inflation levels come down quite a bit, the Fed will most likely continue to raise interest rates. However, unless inflat...
The lending facility will allow banks that need to raise cash to pay depositors to borrow that money from the Fed, rather than having to sell Treasuries and other securities to raise the money. Silicon Valley Bank had been forced to dump some of its Treasuries at at a loss to fund its ...
The lending facility will allow banks that need to raise cash to pay depositors to borrow that money from the Fed, rather than having to sell Treasuries and other securities to raise the money. Silicon Valley Bank had been forced to dump some of its Treasuries at at a loss to fund its ...
The lending facility will allow banks that need to raise cash to pay depositors to borrow that money from the Fed, rather than having to sell Treasuries and other securities to raise the money. Silicon Valley Bank had been forced to dump some of its Treasuries at at a loss to fund its ...
The U.S. homeownership rate has fallen from 66% in 2023 to 65.6% in the first quarter of 2024. The two biggest hurdles to increasing the homeownership rates are a lack of affordable properties and buyers' inability to save for a down payment, according toresearchfrom the National Association...
But updated economic projections released by the Fed showed that officials expect to raise rates twice, to about 0.6%, by late 2023, in part due to heightened expectations for inflation. "The risk here for us policymakers is that there's still upside risk to inflation," Bullard said. "Even...
changing the rate to correct course should things veer too hard in one direction or the other. It can raise rates (much like it did in 2022 and 2023) to cool an overheated economy and tamp down inflation, but it will lower rates (like it did in September) to combat a slowing or even...
On Wednesday, the U.S. central bank left its key interest rate at a 22-year high, in the range of 5.25% to 5.5% and said it would take into account a wide array of data to decide whether it will need to raise rates again to “return inflation to 2% over time...