Federal Reserve

Fed Turns to Job Hoppers as 1950s Inflation Guide Shows Its Age - Bloomberg

Adrienne Heintz, an Atlanta marketing professional, has discovered a reliable way to earn higher wages, and Federal Reserve economists are taking …

Employment

Copper Versus Inflation: Both Going Higher?

Inflation and copper have a strong correlation.<p>The Federal Reserve has printed massive amounts of paper via their QE programs.<p>As that paper works its …

gold

Top bank executives required to vouch for cyber attack defences

Top executives at some of the world’s biggest banks and insurers will have to vouch for their companies’ resilience to cyber attacks, under tough …

Banking

Wall Street's 2017 is starting to echo 1987

U.S. equities churned near the unchanged line on Thursday, with the Dow Jones industrials index recovering from early session weakness to notch …

Wall Street

The New York Fed Explains Why a Border Tax Won't Help the U.S. Economy

Traders have been putting their faith in the everything rally since Donald Trump was elected president, pushing the Dow Jones Industrial Average up more than 13%. The bet is that a pro-business administration will enact pro-business policies that will do great things for the economy, and equities …

NY Fed: Border tax won't work as intended

The Federal Reserve Bank of New York published a blog post on the impact of a border tax adjustment.<p>"If the U.S. dollar does not appreciate by the …

Business

Claims for U.S. jobless benefits tick up, level still healthy

WASHINGTON — More Americans applied for unemployment benefits last week, but claims remained at a low level consistent with a healthy job market.<p>THE …

Janet Yellen

Week ahead: Fed speakers, US data, Trump

Investors will be tuning in for remarks from a handful of Federal Reserve policymakers and US President Donald Trump’s first speech to …

Federal Reserve voted for rate hike eyeing possible U.S. inflation surge

Feb. 22 (UPI) -- The U.S. central bank on Wednesday cited improving economic signals as a reason for the decision this month to raise key interest …

Unemployment

Millennials may never get out their parents’ homes

You can’t blame the economy — not anymore. Young adults continue to move back home with their parents, even though the United States has enjoyed …

Millennials

Trump’s turn to put a positive spin on the economy

Funny how this works out, but now it will be Trump’s turn to make the economy look better than it actually is.<p>The economy is growing at a 2.4 percent …

Tax Reform

Timeshare Rentals Show Another Pocket of Consumer-Debt Weakness - Bloomberg

Americans are missing more payments on their timeshare rentals, according to Fitch Ratings, the latest sign of weakness around the edges of U.S. …

Loans

He Who Lives by the Stock Market Rally …

Steven Mnuchin’s stock-market brag could turn out to be a double-edged sword. The new Treasury secretary says the postelection rally in the equities market reflects faith in President Trump and his promises for tax changes and fiscal stimulus. Both plans need approval from Congress, and may be …

Neil Gorsuch

FOMC: All Those Times We Said QE Was Going To Work, We Really Meant That It Could Work

There was an extremely odd dynamic for monetary policy during the 1990s and especially in the United States. The less Alan Greenspan said, the more …

Data Science

Wall St wobbles after Federal Reserve minutes hint at rate rise

The minutes from the Federal Reserve's latest policy meeting suggested another interest rate rise would be coming soon, curbing gains on Wall …

Australian News

Loan-Crazy Automakers May Be Ushering In The Next Financial Crisis

Lending subprime auto loans to drivers has reached its highest point in a decade, and U.S. auto debt hit a record $1.16 trillion in 2016. This spells …

Loans

Fmr Head of the Federal Reserve Makes Shocking Admission: Ron Paul was Right

Former chairman of the Federal Reserve, Alan Greenspan, is a villain to some and a brilliant economist to others. Greenspan has often been blamed for …

Central Banks

America's love affair with the automobile may be reaching dangerous new heights

America’s love affair with the automobile may be reaching dangerous new heights.<p>In its quarterly report on household and consumer debt, the Federal Reserve Bank of New York says outstanding auto loans now total $1.16 trillion, with an increase of $93 billion in 2016 alone.<p>At the same time, …

Loans

What Are the Odds of a March Rate Hike by the Fed?

Bloomberg’s Daniel Moss discusses Federal Reserve Bank of Philadelphia President Patrick Harker’s comments that he would not “take March off the …

Bloomberg Markets

Unemployment Vs. Underemployment: Assessing Labor Market Slack

<i>By</i> <i>John Robertson</i><p>The U-3 unemployment rate has returned to prerecession levels and is close to estimates of its longer-run sustainable level. Yet …

Business

This $942 Billion Fund Just Removed the Fed From List of Risks - Bloomberg

For all the worry and deliberation over U.S. monetary policy, there’s one big asset manager who thinks it’s all smoke and mirrors.<p>Northern Trust …

Wall Street

More of This Year’s Tax Refund Will Pay Down Debt - Bloomberg

Every year, tax refunds spark a psychological battle for millions of Americans. The payout, on average about $2,800, feels like a windfall that needs …

Taxes

State Deals Blow to Federal Reserve, House Passes Bill To Treat Silver and Gold as Money

As central economic planners at the Federal Reserve continue their vision of “prosperity” through crushing debt and dollar devaluation, some states …

Taxes

Fed’s Powell says risks facing economy are now more in balance

Bloomberg<p>Fed Gov. Jerome Powell<p>After years of facing a renewed downturn, the risks facing the U.S. economy are more in balance, allowing the Federal Reserve to gradually raise interest rates, said Federal Reserve Governor Jerome Powell on Wednesday.<p>In a speech to the Forecasters Club of New York, …

Central Banks

Essential Education: Time to apply for college financial aid

Welcome to Essential Education, our daily look at education in California and beyond. Here's the latest:<p>Elections for the teachers union and the school board may shape the future of L.A. schools.<br>• L.A. Unified is holding financial aid workshops Saturday. The deadline for applying for college aid is …

Loans

American car buyers are borrowing like never before—and missing plenty of payments, too

Last year, Americans bought more new cars than ever before. Given that auto sales make up around a fifth of all retail spending, 2016’s banner year is being hailed as a sign of burgeoning consumer confidence across the country.<p>But something else is revving up, too: auto loans.<p>The US closed out 2016 …

Loans

Why Your Organization Needs a Writing Center

When you think of great writers, you probably don’t think of bankers.<p>But this is the story of how a group of bank examiners at the Federal Reserve Bank of Philadelphia, one of 12 banks in the U.S.’s Federal Reserve System, dramatically improved the clarity and impact of their written reports.<p>The …

Harvard Business Review

Student loan debt now totals over $1.3 trillion

Student loans are a sore subject among college students, especially with steady increases in tuition and other costs of higher education nationwide. For example, the average cost of just a single college credit is $594.46, according to a study by Student Loan Hero.<p>And this financial strain isn’t …

Loans

Euro area growth, HSBC earnings, oil market a billion barrels long, what people are talking about - Bloomberg

<i>Want to receive this post in your inbox every morning?</i> <i>Sign up here.</i><p>European optimism surges, HSBC shares plunge after a miss on revenue, and the oil …

Commodities

These Regional Banks Are Set To Soar Now That Tarullo Is Out

Trump’s potential hold over the Fed looks to have strengthened with Tarullo’s resignation.<p>Tarullo’s has been the primary driver of Dodd-Frank’s …

Banking