Federal Reserve Bank

Fed Vice Chairman Brainard warns against premature exit from inflation fight

Fed Vice Chairman Brainard warns against premature exit from inflation fight

U.S. Federal Reserve member Lael Brainard speaks after being nominated by U.S. President Joe Biden to serve as Fed vice chair in the South Court Auditorium of the Eisenhower Executive Office Building at the White House in Washington, U.S., November 22, 2021. Kevin Lamarck | Reuters Fed Vice Chairman Lyle Brainard on Friday emphasized the …

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Initial jobless claims hit five-month low despite Fed efforts to slow labor market

Initial jobless claims hit five-month low despite Fed efforts to slow labor market

A person arranges groceries at El Progreso Market near Mount Pleasant in Washington, DC, on August 19, 2022. Sarah Silbig | Reuters Initial jobless claims fell to their lowest level in five months last week, a sign that the labor market is strengthening, even as the Federal Reserve is trying to slow things down. Initial …

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56% of Americans believe the U.S. is already in recession.These 4 steps can help you protect your finances during a downturn

56% of Americans believe the U.S. is already in recession.These 4 steps can help you protect your finances during a downturn

It’s easy to get swayed by headlines and market declines when you’re not clear about your work goals. Amanda Wallace Head of Insurance at MassMutual Meanwhile, a MassMutual poll found that a majority of Americans (80%) are already concerned about how a recession will affect their day-to-day finances. The survey was conducted in August and …

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Bond yields surged as markets weighed the threat of a recession.What this means for your investment

Bond yields surged as markets weighed the threat of a recession.What this means for your investment

Hoxton/Sam Edwards | Getty Images Bond yields jumped this week after the U.S. Federal Reserve raised interest rates again sharply, warning of a market in trouble. The yield on the policy-sensitive 2-year Treasury note climbed to a 15-year high of 4.266% on Friday, while the benchmark 10-year Treasury yield hit 3.829%, the highest in 11 …

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Benchmark bond yields are "bad news" for investors as the Fed hikes rates by 0.75%.What this means for your portfolio

Benchmark bond yields are “bad news” for investors as the Fed hikes rates by 0.75%.What this means for your portfolio

Mossa Images | E+ | Getty Images Government bonds could signal trouble for the market as investors price in another 0.75 percentage point hike from the Federal Reserve. Ahead of the Fed news, the policy-sensitive two-year U.S. Treasury yield climbed to 4.006% on Wednesday, its highest level since October 2007, and the benchmark 10-year U.S. …

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The Fed is now expected to continue raising interest rates before leaving them there, CNBC poll shows

The Fed is now expected to continue raising interest rates before leaving them there, CNBC poll shows

Federal Reserve Chairman Jerome Powell delivers a news conference after the surprise announcement that the Fed will cut interest rates on March 3, 2020 in Washington, DC. Eric Baradat | AFP | Getty Images Wall Street finally appears to have embraced the idea that the Fed will raise rates into restrictive territory and hold them …

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Falling oil prices raise hopes of slower inflation, NY Fed survey shows

Falling oil prices raise hopes of slower inflation, NY Fed survey shows

People shop at a supermarket in Montebello, California, on August 23, 2022. Frederick J. Brown | AFP | Getty Images Lower natural gas prices are fueling optimism that inflation is falling, a survey by the Federal Reserve Bank of New York showed on Monday. Respondents to the central bank’s August consumer expectations survey said they …

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Fed Vice Chairman Brainard vows to stop inflation 'as long as we need to'

Fed Vice Chairman Brainard vows to stop inflation ‘as long as we need to’

Fed Vice Chairman Lyle Brainard vowed Wednesday to fight inflation, which she said hurts low-income Americans the most. That would mean more interest rate hikes and keep them higher for longer, she said in remarks prepared for the New York speech. “We’ll keep doing it as long as inflation is down,” the central banker said …

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The worst is yet to come: Economist Stephen Roach says US needs 'miracle' to avoid recession

The worst is yet to come: Economist Stephen Roach says US needs ‘miracle’ to avoid recession

Negative economic growth in the first half of the year could be a precursor to a deeper recession that could last into 2024. Stephen Roach, the former chairman of Morgan Stanley’s Asia division, warned that the U.S. needs a “miracle” to avoid a recession. “As the lagged effects of this major monetary tightening start to …

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Fed rate hikes won't lower inflation as long as government spending remains high, paper says

Fed rate hikes won’t lower inflation as long as government spending remains high, paper says

New York Federal Reserve Bank President and CEO John C. Williams, Federal Reserve Board Vice Chairman Lyle Brainard and Federal Reserve Chairman Jerome Powell take a walk in Teton National Park. On August 26, 2022, financial leaders from around the world gathered for the Jackson Hole Economic Symposium outside Jackson, Wyoming. Jim Urquhart | Reuters …

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