(Bloomberg) More than 50% of economists in a survey predict the Fed will increase interest rates in 2023 despite an uptick in inflation and a rebounding economy. The economists do…
(Bloomberg) U.S Treasury Secretary Janet Yellen expects a potential higher interest rate to be good for the economy. The calls back President Biden’s $4 trillion spending plan. President Biden’s spending…
U.S Federal Reserve seeks to undo corporate bond capital obtained in 2020 through a backup facility, according to Reuters. The bonds started to cool the lending market at the peak…
Fed Governor Lael Brainard has called the U.S to back a digital dollar, according to CNBC. Brainard says a digital dollar would enhance financial inclusion by incorporating the “unbanked” Americans. …
Global stocks joined the US futures in Friday climb after Fed calmed inflation fears saying the consumer price increase is only transitory, Markets Insider reports. S&P 500 ticked 0.46% higher,…
Amounts of liabilities vulnerable to defaults, including those of nonbanks, increased about 13.6% to $17.7 trillion last year, according to the Federal Reserve press release. The vulnerabilities amount is now…
U.S banks have sailed the coronavirus pandemic well, according to the Federal Reserve press release. Bank and broker dealers have maintained low leverage, as life insurance companies and hedge funds…
U.S Federal Reserve has warned of heightened vulnerabilities from business debt despite the risk falling since mid-2020. Currently, businesses owe $17.7 trillion, after the debt rose 9.1% or about $425…
The U.S Federal Reserve has noted increasing prices of risky assets as economic recovery accelerates. Fed says valuations are also generally high. Broad equity market indexes are at record highs.…
The Federal Reserve maintained near zero interest rates and retained the pace of asset repurchases, according to the statement. The central bank acknowledged uptick in economic recovery. Fed chair Jerome…
U.S Federal Reserve is expected to keep fiscal support despite a favorable recovery outlook, according to Bloomberg. The dovish tone seeks to convey that despite the ongoing recovery, the coronavirus…
45% of economists see the Federal Reserve tapering with bond purchases in the fourth quarter, according to Bloomberg Quint. The number reflects a hawkish shift from March when more economists…