The Fed is Fed Up With Banks Continuing to Use Libor
Federal Reserve Vice Chair Randal Quarles issued a stern warning to banks on Monday about the necessity to stop using Libor interest rate benchmarks.
Interest Rates - Page 9
Fed Chair Powell Refuses To Say If He Is ‘Cool’ with Biden Spending Plan
Federal Reserve Chair Jerome Powell emphasized the damage the economy has suffered due to the pandemic and stressed that there was still a long way to go to a full recovery.
Yield Curve Steepens As Prices Drop on Long Term U.S. Government Bonds
The yield curve—the difference in yields for short-term and long-term debt—has sharpened dramatically in recent weeks as investors have sold off bonds maturing five-years or more into the future while shorter-term bonds have held steady.
Carney: Powell’s Remarks Show That Trump Won the Monetary Policy Fight
Trump was lambasted for criticizing the Fed. But as he leaves office, it’s clear Trump won his fight over monetary policy.
U.S. Budget Deficit Tripled to $3.1 Trillion as Pandemic Hit Economy
Total federal debt held by the public rose 25 percent while Treasury yields fell 57 percent.
Fed Officials Significantly Upgrade Their 2020 Economic Outlook
Back in June the Fed’s median forecast was for the economy to shrink 6.5 percent. Now it sees only a 3.7 percent contraction.
Fed Leaves Rates Unchanged Near Zero, Says Path of Economy Depends on Virus
The Fed said it will continue bond purchases at least at the current rate, around $1 trillion a year.
Americans Are Bullish on Stocks, Worried About Inflation
Far more Americans are worried that inflation will go higher than are worried about unemployment going higher over the next 6 months.
Fed Slashes Interest Rates to Near-Zero, Buys Bonds to Buffer Economy in Coronavirus Outbreak
The U.S. Federal Reserve announced Sunday evening that it would slash interest rates to near-zero and buy billions of dollars in bonds in an effort to protect the U.S. economy from the ongoing effects of the coronavirus outbreak.
Pressure Mounts on the Fed to Cut Rates to Combat Cornavirus
The futures market now implies that there is a 100% chance the Fed will cut rates by 50 basis points by the end of the next meeting.
Markets Point Toward Coronavirus Rate Cuts
The Fed said recently that it believes its current target will remain appropriate for the foreseeable future. The market disagrees.
30-Year Treasury Yield Drops To Lowest Level Ever
Coronavirus fears have sent investors fleeing to the safety of U.S. Treasury bonds, pushing yields to record lows.
The U.S. Treasury Sold 30-Year Bonds at a Record-Low Yield
Donald Trump may not have had much luck in getting the Fed to push down its interest rate target in recent months but investors on Thursday were happy to push down the rate the government pays to borrow. The U.S.
The Yield Curve Inverts Again, Signaling Agreement with Trump That Rates Are Too High
The bond market and President Trump agree: the Fed should cut rates.
Bank of England: Lower Interest Rates Means Higher Birthrates For Homeowners
Research has found a link between interest rates and fertility, with homeowners more likely to have children when rates fall.
Fed Signals Longer Freeze on Interest Rates
The Federal Reserve on Wednesday left interest rates unchanged and dropped its forecast for a rate hike next year.
Fed Will Likely Cut Rates This Week but No One Knows What Happens Next
The market is all but certain Federal Reserve officials will cut interest rates at the end of their two-day meeting this week. But what comes next is anyone’s guess.
Trump Said There Was No Inflation in September. Now We Know He Was Right.
The Consumer Price Index was flat for September, vindicating Trump’s claim that there is no inflation in the U.S. economy.
Chance of an October Fed Rate Cut Jumps to 93%
The odds implied by futures markets now favor a cut in October and another in December. Even January is now in play.
Trump Blames Manufacturing Slump on Fed for Keeping Dollar Too Strong
Currency and rates markets agree with Trump: the Fed’s policy is too tight and rates need to come down.
Blockbuster: New Home Sales Hit Fastest Pace Since 2007
New home sales were much better than expected in August, putting the year on pace to be the best since 2007.
Fed Cuts Rates by a Quarter Point as Insurance Against Global Risks
The Fed moved its benchmark short-term rate target to a range between 1.75 percent and 2 percent Wednesday.
Trump Calls Fed Officials ‘Boneheads,’ Calls for Zero or Negative Rates
Trump says the U.S. is missing out on a once in a lifetime oppoirtunity to borrow cheaply while global rates go negative.
Blue State Blues: Trump Needs to Project Stability
President Donald Trump has been projecting a sense of uncertainty and frustration. He needs to do the opposite, and project reassurance and leadership.
Fed Cuts Interest Rates for First Time Since 2008
The Federal Reserve on Wednesday cut its benchmark interest rate by one-quarter of a percentage point.
Trump Blasts Fed for ‘All the Wrong Moves,’ Says a Small Fed Rate Cut is ‘Not Enough’
“The Fed has made all of the wrong moves,” President Donald Trump tweeted on the eve of the Fed’s July meeting.
Ortiz: Keep the Economic Boom Booming–Yes, the Fed Should Lower Interest Rates
Alfredo Ortiz of Job Creators Network writes in the Washington Times recommending that the Federal Reserve lower interest rates this week to stoke the fire of the booming U.S. economy.
Powell Signals Fed Will Cut Rates, Support U.S. Economy Against Damage from Trade War
Fed Chair Jerome Powell said that it was appropriate for the Fed to cut rates if concerns about trade and tariffs were slowing the economy.
Fed Leaves Rates Unchanged, Hints at Rate Cuts in the Future
The Fed concluded its two-day meeting with tweaks to its statement on policy and the economy while leaving rates unchanged.
Under Pressure: Trump and Markets Want the Fed to Cut Rates
This is the most important Fed meeting in years. Will the Fed cut rates or just promise to cut rates later this summer?
AOC, Bernie Vow to Shut Down Amazon’s New ‘Credit Builder’ Card
Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez want to shut down a new Amazon “credit builder” card for people with no credit or bad credit.
The Fed Made a Big Mistake Raising Rates, Trump Says
“They made a big mistake. They raised interest rates far too fast,” Trump said in a phone interview with CNBC’s “Squawk Box.”
Fed Upgrades View of Economy but Notes Inflation and Spending Have Slowed
The Fed’s April statement appears far more dovish, noting that core inflation is undershooting its target.
Fed Funds Futures Market Points to 75 Percent Chance of a Cut by Year’s End
The market not only no longer expects a Fed hike this year. It is now pricing in one or two cuts by year’s end.
New Home Sales Surged Higher in November
New-home sales ran at a seasonally adjusted annual 657,000 rate in November, the best rate in eight months.
Powell Blinked: Stocks Soar After Fed Chair Says Central Bank Will Be ‘Patient’
Powell wanted to reassure markets that the Fed wouldn’t blindly march into higher rates.
Trump Expresses Confidence in ‘Very Talented’ Mnuchin, Hits Fed for Rate Hikes
President Trump said he has confidence in Treasury Secretary Mnuchin and criticized the Fed for once again raising interest rates.
Bah, Humbug! Fed Chair Jerome Powell Gives America Financial Panic for Christmas
Stocks may well rebound in the new year. But for now, Jerome Powell has put a giant lump of coal in America’s Christmas stocking.
Fed Chairman Rolls Back # of 2019 Rate Hikes from Three to Two
FFederal Reserve Chairman Jerome Powel revealed the Federal Open Market Committee (FOMC) brought the prediction down to two rate hikes in 2019 from three in light of the quarter percent rate hike announced Wednesday afternoon.
Fed Chief: 2018 Best Year Since Financial Crisis
Federal Reserve Chairman Jerome Powell declared 2018 the “best year since the financial crisis” after revealing a late 2018 quarter percent rate hike Wednesday.
