Fed

FOMC member and Cleveland Fed President Loretta Mester echoed comments from Fed Chairman Jerome Powell that there is a long ways to go to improve inflation. Here’s a look at what Mester had to say about the current state of the economy and what’s ahead. What Happened: Mester, the...

Following Federal Reserve Chair Jerome Powell’s opening remarks at the Jackson Hole Symposium, Patrick Harker, president of the Federal Reserve Bank of Philadelphia, offered his perspective. Harker’s message took a more dovish turn compared to the board chairman’s stance, which...

Susan M. Collins, the President and CEO of the Federal Reserve Bank of Boston, acknowledged a “promising sign on inflation.” In an interview with Yahoo Finance, Collins shared her insights on the current state of inflation, the path forward for interest rates, and the challenges in the...

In an exclusive interview with the Wall Street Journal ahead of the Fed’s Jackson Hole annual economic symposium, former St. Louis Fed chief James Bullard spoke about the U.S. economy’s unexpected resilience and the potential for higher interest rates. Bullard, who recently assumed the...

Renowned economist Claudia Sahm recently shared her insights on the upcoming Jackson Hole symposium, emphasizing the significance of the neutral rate of interest and its implications for the Federal Reserve’s monetary policy. What Happened: Sahm, in a series of tweets, delved into the...

Economists and central bankers are preparing to gather at the Federal Reserve‘s scenic retreat in Jackson Hole, Wyoming. The symposium, which takes place from Aug. 24-26, will emphasize diversity in terms of region, background, and industry. This year’s theme, “Structural Shifts...

Investors are eagerly anticipating Wednesday’s 2:00 p.m. ET release of the minutes from the latest Federal Open Market Committee (FOMC) meeting held on July 25-26. At the July FOMC meeting, policymakers opted for a 0.25% rate hike, pushing rates to 5.25-5.5%, following a brief pause in June,...

The bond market’s anticipation of long-term U.S. inflation is nearing its highest level in over a year, suggesting that the Federal Reserve might grapple with high inflation rates for an extended period. As the market awaits the upcoming consumer price index figures, a pivotal long-term...

The Federal Reserve Board unveiled further details on Tuesday regarding its program to supervise novel activities in the banks it oversees. These encompass intricate, technology-driven collaborations with non-banking entities to offer banking services, as well as activities involving...

The July labor market report takes center stage this week. Investors and markets brace for significant economic releases that will influence future Federal Reserve rate decisions. Tuesday provided a glimpse at a decrease in the number of job vacancies throughout June. Wednesday’s ADP...

While Fed Chair Jerome Powell did not rule out another increase in interest rates, investors’ bets on a pause at the Federal Reserve’s September meeting surged to an 81.5% probability on Tuesday, the highest recorded thus far. The prevailing sentiment among Wall Street economists...

Florida Governor and GOP presidential candidate Ron DeSantis unveiled a 10-point plan that he claims will reshape the American economy. What Happened: DeSantis’ strategy focuses on wresting economic control from China by ending its preferential trade status, banning imports of goods made...

Noted economist Mohamed A. El-Erian has sparked a discussion over the Federal Reserve’s accountability and policy formation process. In a recent tweet, El-Erian suggested that the Federal Reserve should follow the Bank of England’s example and conduct a similar external review. What...

After the July Federal Reserve meeting, which resulted in a 0.25% rate hike to a range of 5.25-5.5%, the market will have about two months to examine incoming economic data that will be critical for the Fed’s future interest rate decisions. On Thursday, the second-quarter advanced GDP...

The CNN Money Fear and Greed index showed further decline in overall sentiment among U.S. investors on Wednesday. The Dow Jones closed higher on Wednesday, recording its longest winning streak since 1987 following interest-rate decision from the U.S. Federal Reserve. The index notched gains for the...