The Federal Reserve had been stepping on the gas in its effort to raise interest rates this year and can now pump the brakes, said Richmond Fed President Tom Barkin Read more
Tag: Feds
Fed’s Collins says too early to tell how high benchmark interest rate needs to go
It is important to shift the focus from the pace of interest rate rises to how high they need to be to bring inflation lower, but it is hard to Read more
Feds break up multimillion-dollar, multistate catalytic-converter theft ring
Federal authorities took a big crack at catalytic converter thefts, announcing raids and arrests from California to New Jersey on Wednesday to break up a network of thieves, dealers and processors that Read more
Gold, silver slide as dollar rises in wake of Fed’s 4th jumbo interest rate hike
Gold prices tumbled on Thursday, reversing a modest gain from the prior session, after the Federal Reserve delivered its fourth 75 basis point interest rate hike since the start of Read more
What’s next for markets after Fed’s 4th straight jumbo rate hike
What’s next for markets now that the Federal Reserve has delivered its fourth and possibly final jumbo rate increase of 75 basis points? Well, a lot, actually. A sometimes tumultuous Read more
Why did inflation surge to 40-year highs? Here are 4 causes of the Fed’s mistake
The first was being unaware that the foundation of the U.S. banking system had been eroded away by complex mortgage securities that carried high credit ratings but turned out to Read more
Fed’s Daly wants to start talking about ‘step down’ in super-sized pace of interest-rate hikes
The Federal Reserve needs to start talking about slowing down their rapid pace of recent increases in their benchmark interest rate, said San Francisco Fed President Mary Daly on Friday. Read more
Fed’s Harker: Inflation shoots up like a rocket, comes down like a feather
Inflation will only come down slowly over the next 14 months despite the Federal Reserve’s strong resolve to cool it down, said Philadelphia Fed President Patrick Harker, on Thursday. “We…need Read more
Fed’s Harker: Inflation shoots up like a rocket, comes down like a feather
Inflation will only come down slowly over the next 14 months despite the Federal Reserve’s strong resolve to cool it down, said Philadelphia Fed President Patrick Harker, on Thursday. “We…need Read more