The Federal Reserve System is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises. Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibilities of the Federal Reserve System.
Asian shares neared a 20-month top on Monday as Wall Street extended its run of record peaks on solid U.S. economic data and lashes of liquidity from the Federal Reserve. Reuters - Published
St. Louis Federal Reserve President James Bullard expounded on what might comprise a "material reassessment" of the economic outlook, the Treasury yield curve, the central bank's framework review and.. Reuters - Published
Stocks crept higher to set new record closing highs but shares of FedEx fell after the delivery company posted disappointing quarterly results across the board. Conway G. Gittens has the market action.
Nike and FedEx, two companies with big exposure to the global economy, are set to report quarterly results in the upcoming week. Conway G. Gittens has a look at the week's major events.
Wall Street's main indexes hit record highs on Thursday following news that the United States had reached a "deal in principle" with China to resolve a trade war that has rattled markets for nearly two..
Christine Lagarde struck a more upbeat tone on the economy in her first news conference as head of the European Central Bank on Thursday and promised a new style of leadership. David Pollard reports.
Wall Street's main stock indexes ended modestly higher on Wednesday after the U.S. Federal Reserve held interest rates steady and signaled that borrowing costs are likely to remain unchanged..
The U.S. Federal Reserve on Wednesday held interest rates steady and signaled borrowing costs are likely to remain unchanged indefinitely, with moderate economic growth and low unemployment expected to..
Former Federal Reserve Chairman Paul Volcker, famed for turning the position of Fed chief into a rock star and for taming crippling inflation in the 1980s, died on Monday. Conway G. Gittens has a look..
U.S. job growth increased by 266,000 in November, the biggest jump in 10 months, despite a slump in the manufacturing sector and overall uncertainty due to numerous trade spats between the U.S. and..
U.S. President Donald Trump on Monday said he would restore tariffs on steel and aluminum imports from Brazil and Argentina, surprising officials in the two South American countries who sought..
It was more than a year ago when St. Louis Federal Reserve bank President James Bullard started raising the alarm about a U.S. bond market where interest rates seemed to show investors losing faith in.. Reuters - Published
A funny thing happened on the way to the U.S.-China trade deal signing: President Donald Trump may have tipped his next pick for head of the Federal Reserve -- if he gets the chance. Reuters - Published
U.S. central bankers on Wednesday expressed confidence they have borrowing costs at the right level to sustain growth and lift inflation to healthier levels, despite what businesses say is a lingering.. Reuters - Published
Federal Reserve officials should focus on scaling back interventions in money markets now that short-term rates are stable, Dallas Fed Bank President Robert Kaplan said Wednesday in New York. Reuters - Published
U.S. producer prices edged up in December as a rise in the cost of goods was offset by weakness in services, the latest indication of tame inflation pressures that could allow the Federal Reserve to.. Reuters - Published
U.S. consumer prices rose slightly in December even as households paid more for healthcare, and monthly underlying inflation slowed, supporting the Federal Reserve's desire to keep interest rates.. Reuters - Published
U.S. Federal Reserve officials may be in broad agreement that interest rates are unlikely to change soon, but they differed Monday on how concerned they are about developing financial risks in.. Reuters - Published
There is a "high bar" to the U.S. Federal Reserve raising interest rates given the need to raise inflation and guard against any drop in inflation expectations, Atlanta Fed president Raphael Bostic.. Reuters - Published
U.S. monetary policy is in a holding pattern for now, but the Federal Reserve's next move may well be to cut interest rates given signs the economy may be weakening, Minneapolis Federal Reserve Bank.. Reuters - Published
By late 2014, U.S. central bankers knew the crisis-driven era of near-zero interest rates might be about to end and that they could within weeks approve the first U.S. rate hike in eight years. Reuters - Published
The dollar edged higher and global equity markets rallied to fresh highs on Friday after a U.S. labor report showed job growth slowed in December while still underpinning a strong economy that will.. Reuters - Published
The global trade wars may not be over, but U.S. Federal Reserve officials on Thursday said the economy may have weathered the worst of it as risks begin to ease and businesses adjust to a new trade.. Reuters - Published
Wall Street's worst fears of a year-end funding squeeze never materialized thanks in large part to the quarter-trillion dollars the Federal Reserve stuffed into the market to ensure nothing became.. Reuters - Published
An unprecedented combination of low U.S. unemployment, weak inflation and low interest rates has the U.S. Federal Reserve grappling with how to fight the next recession, as experts debate new.. Reuters - Published
SAN DIEGO: Federal Reserve policymakers who last year were frequently at odds over where to set US borrowing costs opened 2020 telegraphing confidence in the state of the economy and signaling broad.. WorldNews - Published Also reported by •Reuters
The U.S. Federal Reserve still has enough clout to fight a future downturn, but policymakers should state in advance the mix of policies and policy promises they plan to use to get the most bang for.. Reuters - Published
The Federal Reserve could find itself fighting too-low inflation for years to come, San Francisco Federal Reserve President Mary Daly said on Friday, and may need a new policy framework to lift.. Reuters - Published
Cleveland Federal Reserve Bank President Loretta Mester, among the Fed policymakers most concerned that easy monetary policy would risk excessive inflation, said on Friday she has put those fears to.. Reuters - Published
U.S. consumer spending increased solidly in November, pointing to moderate economic growth that could potentially support the Federal Reserve's desire to keep interest rates unchanged indefinitely,.. Reuters - Published
The dollar gained on Wednesday as improving economic data squashed the likelihood of a Federal Reserve interest rate cut in 2020, while a rally in global equity markets wavered as financials shares.. Reuters - Published
With the UK election results giving some certainty to the Brexit process, a U.S.-China trade deal all but signed and the Federal Reserve signaling that it will stand steady for the foreseeable future,.. Reuters - Published
New Delhi: In a thumbs up to the Indian government's Unified Payments Interface (UPI) scheme, Google has written to the US Federal Reserve Board detailing the successful example of UPI-based digital.. WorldNews - Published
The U.S. economy is doing well and looks set to stay that way next year, two top Federal Reserve policymakers said on Friday, remarks that suggest they are content to leave interest rates where they.. Reuters - Published
After three interest rate cuts and a fresh round of record highs for U.S. stock markets, has President Donald Trump lost interest in the Federal Reserve? Reuters - Published
World shares took another run at record highs on Thursday, as the right messages from the U.S. Federal Reserve set traders up for a packed day of central bank meetings and a Brexit-defining election in.. Reuters - Published
TOKYO (AP) — Asian shares were mixed Thursday after a wobbly day on Wall Street following the Federal Reserve announcement it would leave interest rates unchanged. Japan’s benchmark Nikkei 225.. WorldNews - Published
Asian stocks rose on Thursday to the highest in a month after the Federal Reserve signaled rate settings were likely to remain accommodative, but the imminent UK election and a deadline for Sino-U.S... Reuters - Published
Asian stocks edged higher on Thursday after the Federal Reserve signaled rate settings were likely to remain accommodative but the imminent UK election and a deadline for Sino-U.S. trade talks kept.. Reuters - Published
The U.S. Federal Reserve on Wednesday held interest rates steady and signaled borrowing costs will not change anytime soon, with moderate economic growth and historically low unemployment expected to.. Reuters - Published
The Federal Reserve left its benchmark interest rate alone Wednesday and signaled that it expects to keep low rates unchanged through next year. (Dec. 11)
USATODAY.com - Published
Wall Street's main stock indexes ended modestly higher on Wednesday after the U.S. Federal Reserve held interest rates steady and signaled that borrowing costs are likely to remain unchanged.. Reuters - Published
Global equity markets rose on Wednesday after the Federal Reserve indicated interest rates would remain on hold for some time - a positive for risk assets - while oil prices fell after data showed an.. Reuters - Published
The Federal Reserve signaled it won't raise interest rates for the time being, a potential boon for first-time homebuyers in 2020.
USATODAY.com - Published
The U.S. Federal Reserve on Wednesday held interest rates steady and signaled borrowing costs are likely to remain unchanged indefinitely, with moderate economic growth and low unemployment expected to.. Reuters - Published
With the Fed holding off on interest rate cuts for the time being, some home buyers are wondering whether now is the time to refinance their mortgage.
USATODAY.com - Published
U.S. consumer prices increased solidly in November, which together with labor market strength could support the Federal Reserve's intention to keep interest rates steady indefinitely after reducing.. Reuters - Published
The U.S. Federal Reserve on Wednesday held interest rates steady and signaled borrowing costs are likely to remain unchanged indefinitely, with moderate economic growth and low unemployment expected to.. Reuters - Published
The U.S. Federal Reserve on Wednesday held interest rates steady and signaled borrowing costs are likely to remain unchanged indefinitely, with moderate economic growth and low unemployment expected to.. Reuters - Published
U.S. short-term interest rate futures were slightly lower Wednesday after the Federal Reserve held interest rates steady and signaled most policymakers see little chance they will need to tweak.. Reuters - Published
Fed held key interest rate steady and forecast no cuts or hikes in 2020. That reaffirms it's on hold unless events cause "material" outlook change.
USATODAY.com - Published
The S&P 500 and the Nasdaq indexes held on to gains on Wednesday as traders awaited the Federal Reserve's December policy statement for clues on the domestic economy's strength, while the Dow Jones.. Reuters - Published
U.S. consumer prices increased solidly in November, which together with labor market strength could support the Federal Reserve's intention not to cut interest rates again in the near term after.. Reuters - Published
The Dow Jones index was pressured by losses in Boeing and Home Depot on Wednesday, while the S&P 500 and the Nasdaq held on to gains as traders awaited the Federal Reserve's December policy statement.. Reuters - Published
The blue-chip Dow Jones index came under pressure from losses in Boeing and Home Depot on Wednesday, while the S&P 500 and the Nasdaq eked out gains as investors awaited the Federal Reserve's policy.. Reuters - Published
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