Federal Reserve

The Fed Is Back in Its Pre-Recession Pickle

Officials are confronting a different kind of late-cycle economy, but resorting to the same old toolkit.<p>The Federal Reserve has had its share of drama over the past 12 years, during a credit bubble, bust and recovery. This prompted emergency measures like quantitative easing, followed by a …

Economy

Trying to Make It a Legitimate 'Science', Economists Achieved the Opposite

It sets up the most interesting conundrum in decades. For a paradigm wholly dependent on rational expectations theory, for Economics to now so …

Economy

Maryland unemployment rate stays steady in October

Maryland lost 5,500 jobs in October though the unemployment rate remained steady at 3.8 percent, the U.S. Labor Department reported Friday.<p>The …

Economy

Will learn a lot about markets as well roll off assets: Fed's Evans

Federal Reserve Bank of Chicago President Charles Evans speaks about the U.S. Federal Reserve's balance sheet.

Economy

Gold Prices Move Higher After U.S. Data, Eyes on Tax Vote

Investing.com - Gold prices moved higher on Thursday, after the release of disappointing U.S. jobless claims data and manufacturing activity data …

Commodities

News Highlights: Top Global Markets News of the Day

Global Equities Pause After Rally<p>Asian markets cooled by late morning Friday, pausing the global stock rebound that began a day earlier.<p>House Backs GOP Tax-Overhaul Bill<p>The House of Representatives passed a bill that would usher in the most far-reaching overhaul of the U.S. tax system in 31 years, …

Economy

Treasuries Move Back To The Downside

(RTTNews) - Following the strength seen in the previous session, treasuries moved back to the downside during trading on Thursday.<p>Bond prices came under pressure early in the session and remained firmly negative throughout the day. As a result, the yield on the benchmark ten-year note, which moves …

Economy

The Fed's Bubblenomics

By: Murray Sabrin <br>[The Following is adapted from a preface to a new report by Murray Sabrin, featured in his November 15 presentation, "Bubblenomics" …

Economy

Yuan Looks More Like Floating Currency Nowadays, Fed Study Shows

China’s currency is looking more like its overseas peers nowadays, although its fluctuations in daily trading sessions continue to be "unusually …

Economy

2018 And Life to Go: Resolutions Anyone?!

Not Another New Year’s Resolution Article<p>I promise. No eye candy. No videos strung by html with care. But it is Elf themed, which you need to watch …

Coretta Scott King

Strong U.S. economy calls for December rate hike: Fed's Rosengren

BOSTON (Reuters) - Falling unemployment and sustained growth mean the U.S. economy has accelerated beyond a sustainable level so the Federal Reserve should continue to raise interest rates, including next month, a veteran Fed policymaker said on Wednesday.<p>Boston Fed President Eric Rosengren, whose …

Economy

Polis, Gardner, Bennet Trying to Reform Cannabis Tax Laws in D.C.

"It's an issue worth being talked about," Lorde said at the time. "We're trying to create jobs and make more revenue to tax, but [280E] makes a lot …

Cannabis

Labor Supply Constraints And Health Problems In Rural America

<i>By John Robertson</i><p>A recent research study by Alison Weingarden at the Federal Reserve's Board of Governors found that wages for relatively low-skilled …

Business

Financial Conditions Are Loosest Since 1994

The Federal Reserve keeps lifting rates, but financial conditions keep getting looser.<p>A measure of how easily money and credit flow the through the economy via financial markets is at its loosest since January 1994, according to the latest data from the Federal Reserve Bank of Chicago. The National …

Economy

Cash machines: These companies are best at turning investment into higher profits

<i>A roundup of what The Globe and Mail's market strategist Scott Barlow is reading today on the Web</i><p>Goldman Sachs is predicting a surge in corporate investment in 2018 that will boost U.S. economic growth.<p>In preparation for the trend, the analysts presented a table of companies that have been the most …

Finance

So Much Depends Upon The Federal Reserve

The Federal Reserve System is at the center of so much that will be happening in 2018 and there is so much uncertainty swelling around future Fed …

Economy

Fed's Charles Evans will go into December meeting with open mind

LONDON (Reuters) - Federal Reserve policymaker Charles Evans said he will go with an open mind into next month's policy meeting, at which the U.S. central bank is expected to raise interest rates for a third time this year.<p>Speaking to reporters on Wednesday, Evans, who heads the Federal Reserve …

Economy

Central banks can't fight rise in asset prices explicitly - Fed's Evans

LONDON (Reuters) - Central banks can't explicitly fight fast rising financial market asset prices, Federal Reserve policymaker Charles Evans said on …

Central Banks

U.S. Retail Sales Rise 0.2% in October-- 2nd Update

WASHINGTON – American shoppers are heading into the holiday season on a robust footing, buoyed by a strong labor market and high consumer confidence.<p>Retail sales increased 4.6% on the year to October, the Commerce Department said Wednesday. That pace far exceeds the rate of inflation and wage …

Economy

Grace

Terry Moore, Omaha’s top labor leader for more than four decades, is stepping aside.<p>The 74-year-old president of the Omaha Federation of Labor ends a …

Martin Luther King, Jr.

As new real-time payments go live, much work remains

This week's first transaction over The Clearing House's Real-Time Payments system may be a huge step for speeding up payments in the U.S., but it …

Banking

Fed should signal tolerance for higher U.S. inflation, Evans says

LONDON (Reuters) - Chicago Federal Reserve Bank President Charles Evans on Wednesday said he is worried about a drop in U.S. inflation expectations, and called for the U.S. central bank to respond by flagging the likelihood of higher inflation ahead.<p>"When I look at the downward drift in multiple …

Economy

Stocks may be overvalued, but there’s nowhere to run

This is the bull market nobody believes in, but everyone keeps investing in.<p>A survey this week underlines an odd fact – few people, including the folks who are making money from rising share prices, think Wall Street can keep defying gravity.<p>Yet, even fewer people appear willing to take the next …

Finance

US unfreezes Yemeni assets in boost to Saudi-backed government

in Washington<p>The Trump administration has unfrozen Yemeni central bank funds in a boost to the country’s Saudi-backed government in its war against …

Middle East

Fed's Evans Says His Anxiety Over Low Inflation Is Growing

Federal Reserve Bank of Chicago leader Charles Evans expressed concern Wednesday that persistently weak inflation in the U.S. may be a more enduring force than central bankers now recognize.<p>"Many economists subscribe to the view that this latest drop in core inflation simply reflects temporary …

Economy

News Highlights: Top Financial Services News of the Day

White House Weighs Former Pimco CEO El-Erian for Fed Vice Chairman<p>The White House is considering economist Mohamed El-Erian as one of several candidates to potentially to serve as the Federal Reserve's vice chairman.<p>Default in Venezuela: What's Next<p>Venezuela has been falling behind on debt payments …

Economy

US retail sales rose for 2nd month led by cars, clothes

U.S. retail sales rose at a solid pace last month, as bullish consumers bought more cars, furniture and clothes.<p>The Commerce Department says retail …

Business

Cars = Freedom! Until you fall behind in the payments

<b>23 million Americans have subprime car loans and 6.3 million are behind on their payments. That's Freedom!</b><p>Cars are such a disaster for our cities …

Sustainability

More Than Half a Million Transactions Help Tell the Story of Community Investment

At the Federal Reserve Bank of St. Louis’ community development division, researchers recently unveiled a new tool: The Community Investment Explorer …

Cities

DIARY-Top Economic Events to Jan 17

Nov 16 (Reuters) -<p>For other diaries, please see:<p>U.S. Federal Reserve<p>FED/DIARY<p>Polling Unit Diary<p>POLL/DIARY<p>Today in Washington<p>WASH/DIARY<p>Political and …

Economy