The Federal Reserve considers its current policy stance as appropriate ‘for a time’ despite the coronavirus outbreak presenting a new threat to the global economy, minutes of the Federal Open Market Committee meeting held in January revealed on Wednesday.
U.S. household debt set a new record in the final quarter of 2019, the Federal Reserve Bank of New York said in a report (pdf) on Tuesday, climbing to a historic peak of $14.1 trillion.
The Federal Reserve’s interest rate-setting body decided Wednesday to keep the benchmark Federal Funds target rate unchanged within the 1.5 to 1.75 percent range.
Friday’s booming U.S. jobs report should give the Federal Reserve all it needs to stick to its plan not to cut interest rates further in the near future, so when U.S. central bankers meet this week, most of the focus will be on their outlook for next year and beyond.
Federal Reserve Chairman Jerome Powell said that the unemployment rate, already at a 50-year low, could drop further without necessarily causing inflation to rise.
The Federal Reserve cut rates by a quarter-point Wednesday in a widely expected move aimed at staving off a slowing economy and fears of a recession.
The Federal Reserve on Wednesday continued its effort to stabilize money markets and contain interest rates with another $75 billion sale of overnight repurchase agreements, or repos.
The Federal Reserve dialed up its growth expectations slightly while keeping its inflation projection unchanged, according to its Summary of Economic Projections.
The U.S. Federal Reserve cut interest rates again on Wednesday to help sustain a record-long economic expansion but signaled a higher bar to further reductions in borrowing costs, eliciting a fast and sharp rebuke from President Donald Trump.
Residential mortgage debt in the U.S. reached a new high in the three months through June, topping a previous record during the height of the financial crisis.
The number of Americans filing applications for unemployment benefits unexpectedly fell last week, suggesting the labor market remains strong even as the economy is slowing.
The Federal Reserve Opens a New Window. cut interest rates on Wednesday for the first time since the start of the financial recession more than a decade ago, hoping to preserve the 11-year economic Opens a New Window. expansion from growing global uncertainties and the possibility of an impending slowdown.
U.S. economic growth slowed less than expected in the second quarter as a surge in consumer spending blunted some of the drag from declining exports and a smaller inventory build, which could further allay concerns about the economy’s health.
The Federal Reserve is holding its benchmark interest rate steady, although policymakers indicate a willingness to loosen the monetary reins if U.S. economic growth sags.
U.S. employers added the fewest workers in three months and wage gains cooled, suggesting broader economic weakness and boosting expectations for a Federal Reserve interest-rate cut as President Donald Trump’s trade policies weigh on growth.
Federal Reserve Chairman Jerome Powell said Wednesday that reducing the federal debt needs to return to the forefront of the agenda, warning that the government’s finances are unsustainable.
The Federal Open Market Committee (FOMC) concluded its meeting at 2 PM ET today and announced that the Federal Reserve would not raise fed fund rates. The revised dot plot—which records individual committee members’ projections for where interest rates will be at year-end—indicated that the Fed will pause any further rate hikes until 2020.
U.S. credit card debt hit $870 billion — the largest amount ever — as of December 2018, according to the data from the Federal Reserve. Credit card balances rose by $26 billion from the prior quarter.
U.S. stocks fell sharply Monday, making it the worst Christmas Eve trading day ever.
Federal Reserve officials voted Wednesday to raise the central bank’s interest rate target, the fourth such rate increase of the year, but also signaled that they will slow the pace of rate hikes in 2019.