Federal Reserve Payments to Banks Trigger Largest Ever Operating Loss
The losses could contribute to higher budget deficits for years to come.
The losses could contribute to higher budget deficits for years to come.
An election year rate cut followed by a rise in inflation and then a new hiking cycle would cement the view that the Federal Reserve acted on political motives.
The basic premise behind the conviction that the Federal Reserve will start cutting rates in the first quarter of next year is looking shakier.
It’s fun to play with Frosty the Snowman, but eventually he melts.
The market’s reaction to the Fed’s dovish pivot last week is withstanding the pushback from former and current Fed officials.
“Problem is, the central bank’s dovishness also increases the possibility of no landing at all,” Bill Dudley warned.
New York Federal Reserve President John Williams said Friday that rate cuts are not a topic of discussion for the central bank.
The markets are delighted that they heard Powell say, as he drove out of sight, “Rates cuts for all—and to all a good night.”
We doubted Fed Chairman Jerome Powell was going to play the Grinch at his press conference today, but we did not expect him to play interest rate Santa Claus.
The Federal Reserve left interest rates at 5.25 to 5.5 percent.
Buckle up and return to your seats. There’s likely to be some turbulence ahead.
The Federal Reserve may have to get back to work.
Jerome Powell probably did not mean to trigger a significant easing of financial conditions on Friday, but that’s exactly what he did.
The market immediately priced in much larger odds of a cut in March and May.
The most striking thing about President Biden announcing a special White House council on supply chains is that it took until this Monday to happen.
Does the rule that you cannot fight the Fed apply if the Fed is fighting itself?
Federal Reserve Governor Michelle Bowman said on Tuesday that she expects the central bank will have to hike rates further to bring inflation down to its two percent target. “My baseline economic outlook continues to expect that we will need to increase
The recent decline in mortgage rates is luring buyers back into the market, data on mortgage applications indicated Wednesday. Applications for home loans increased three percent last week compared with the previous week, the Mortgage Bankers Association said. Applications for
The market is convinced that the Federal Reserve is done with rate hikes. The Federal Reserve is not.
Federal regulators have issued Wells Fargo formal orders demanding they get better at catching customers who misuse their services for criminal acts, as the bank faces a lawsuit alleging they allowed a $460 million Ponzi scheme to operate.
Fed officials are likely to see the October jobs numbers as justifying a decision not to raise their interest rate target at their December meeting.
The Federal Reserve is falling behind the curve again.
Growth is up. Inflation is up. Job openings are up. The Fed’s interest rate target, however, is not.
Wall Street has not let go of its conviction that the Federal Reserve will cut interest rates next year.
The Federal Reserve is planning on staying “patient” at this week’s meeting of the Federal Open Market Committee.
Federal Reserve Chair Jerome Powell’s remarks today gave plenty of reason to believe that the Fed will not hike rates at its November 1 meeting.
Powell sent a message that the Fed’s next “move” will be a long pause in interest rate changes.
Federal Reserve Governor Chris Waller on Wednesday drained some of the drama of the coming Halloween meeting of the Federal Open Markets Committee.
Philadelphia Federal Reserve President Patrick Harker said on Monday that he believes it is time for the Fed to stop raising rates.
On Thursday’s broadcast of the Fox Business Network’s “Kudlow,” Breitbart Economics Editor John Carney reacted to the September CPI report and stated that the inflation progress over the summer appears to be an outlier and “when the Fed actually gets
The Federal Reserve’s fight against inflation has faltered.
The recession is back on, baby.
Job openings surged above even the highest estimates, raising concerns that the Fed’s interest rates have not done enough to cool off the economy or ward off another rise in prices.
Sales have dropped to near all-time lows.
The Federal Reserve appears to expect the softest of landings next year.
Applications for refinancing mortgages unexpectedly surged last week despite rising interest rates. The Mortgage Bankers Association (MBA) said that overall mortgage applications rose 5.4 percent last week. Purchase mortgage applications rose 2.3 percent and refinancings jumped 13.2 percent. The burst
The biggest question in economics today is whether the Fed can engineer a soft landing.
The announcement of the Federal Reserve’s interest rate target is likely to be the least interesting thing coming out of this week’s Fed meeting.
The inflation fight is getting tougher.
During an interview with Bloomberg on Friday, Cleveland Federal Reserve Bank President Loretta Mester stated that she doesn’t want to entertain inflation remaining above 2% for longer than needed due to under-tightening and she wouldn’t want to see the timeline