The rule would require the largest banks — those with more than $100 billion in assets — to hold more funds in reserve to protect against bad loans and other potential losses
Market predictions for an ECB rate cut as soon as April have faded, and expectations among analysts have shifted toward a first trim in June
On the first of his two days of semi-annual testimony to Congress, Powell also suggested that the Fed faces two roughly equal risks: Cutting rates too soon or cutting them ‘too late or too little’
Prices rose 0.3% from December to January, up from 0.1% in the previous month. But in a more encouraging sign, prices were up just 2.4% from a year earlier, the smallest such increase in nearly three years
The former president’s pledge to introduce more tariffs and lower taxes portends more inflation just as the Fed starts considering a cycle of rate cuts
Most participants pointed to risks of lowering interest rates too quickly, according to documents
Expectations for reductions have significantly cooled, but capital markets project the European Central Bank to act first and more aggressively throughout the year
The consumer price index rose 0.3% from December to January, up from a 0.2% increase the previous month. Compared with a year ago, prices are up 3.1%
Democrats demand that Jerome Powell lower rates, while Trump accuses him of wanting to help Biden and says he will not renew his term if he returns to the White House
The unemployment rate stayed at 3.7%, just above a half-century low. Wages rose unexpectedly fast, 4.5% from January 2023
The market is divided on whether there will be a cut at the institution’s first monetary policy meeting of the year on January 30-31
The bank left its benchmark rate unchanged at a record-high 4% and Lagarde said risks for higher inflation ‘include the heightened geopolitical tensions, especially in the Middle East’
Despite sharp interest rate hikes, both are defying the gloomy forecasts of many economic analysts
The unemployment rate was unchanged at 3.7% — the 23rd straight month that joblessness has remained below 4%
The office estimates that inflation will nearly hit the Fed’s 2% target rate in 2024 and that the unemployment will reach 4.4% in the fourth quarter of next year
The cuts suggest the officials think high borrowing rates will still be needed for much of next year to further slow spending and inflation
Chair Jerome Powell will keep the price of money in the United States at the highest level in nearly 23 years
Prices in some areas — services such as rents, restaurants and auto insurance — continued to rise uncomfortably fast
The unemployment rate dropped from 3.9% to 3.7%, not far above a five-decade low of 3.4% in April. Still, the job market is gradually decelerating along the lines that Fed officials have wanted to see
Powell’s remarks follow comments from a raft of Fed officials this week, with most of them signaling that the central bank can afford to keep its key rate steady in the coming months
Despite high interest rates and international conflicts, strong consumption enables the United States to avoid recession
The war in the Middle East spotlights the value of precious metals as safe havens for investors
Milder-than-expected price figures could make it less likely that the Federal Reserve will impose another interest rate hike
The Fed Chair believes the central bank faces nearly equal risks of raising its benchmark rate too high, which could derail the economy, or not raising it high enough, which could allow inflation to persist
Job growth was solid enough to suggest that many companies still want to hire and that the economy remains sturdy
The rates remain at a range of 5.25%-5.5%, the highest in 22 years
Faced with blistering economic growth, the US central bank is expected to keep the price of money stable at the conclusion of its meeting on Wednesday