Federal Reserve

Smokestacks

Surge in Philly Fed Reading Contradicts Empire State Report

The Federal Reserve Bank of Philadelphia's Business Outlook Survey jumped from a reading of 9.0 in March to 16.6 in April. That was the strongest reading since last September, and ...
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Federal Reserve

Fed Beige Book Reflects Improved U.S. Economy

U.S. economic activity increased in most of the 12 Federal Reserve districts since the March report according to the April version of the Beige Book released Wednesday afternoon. Eight Fed ...
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Janet_yellen

Janet Yellen Talks Up Progress in Labor Market, Addresses Inflation

Federal Reserve Chair Janet Yellen spoke at the Economic Club of New York on Wednesday, April 16, regarding monetary policy and the economic recovery. The initial reaction was that the ...
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Federal Reserve

Janet Yellen Talks Up Even More Bank Capital Requirements

Janet Yellen is still getting her feet wet as chairman of the Federal Reserve. A speech on Tuesday morning may only act to create more confusion from the banks. At ...
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Inflation

Consumer Inflation Ticks Higher in March

The Consumer Price Index (CPI) in the month of March did not follow the exact same gains as last week's Producer Price Index. That generally takes two months or even ...
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factory

Inflation Finally Arrives — at Least at the Wholesale Level

If the Federal Reserve ever wanted to see some inflation -- as they keep claiming (careful what you wish for) -- the Labor Department just gave a first piece of ...
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Chicago

Chicago Fed Evans – Fed Still Missing Employment and Inflation Targets

Charles Evans, President and CEO of the Federal Reserve Bank of Chicago, was speaking on Wednesday afternoon regarding the Fed's monetary goals and strategy. Evans has been a known backer ...
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US Federal Reserve

FOMC Minutes Less Hawkish Than Yellen Comments

The Federal Reserve has released its minutes of the FOMC's March 18 to 19 meeting. These comments should, in theory, not really move the market when you consider that the ...
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Federal Reserve

Fed’s Kocherlakota: FOMC Missing Inflation and Employment Targets

Narayana Kocherlakota, President of the Federal Reserve Bank of Minneapolis, was speaking on Tuesday in a monetary policy report at the Rochester, Minnesota Chamber of Commerce. The first topic is ...
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IMF HQ, DC

IMF Looks for Better 2014 to 2015 Growth

The International Monetary Fund (IMF) has released its updated 2014 to 2015 economic outlook. The good news is that the group has increased its expectations moderately. The bad news is ...
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Credit cards

Big Pop in Consumer Credit, but Not From Credit Card Use

The Federal Reserve has released its report on consumer credit for the month of February. In February, consumer credit increased at a seasonally adjusted annual rate of 6.5%. Revolving credit, ...
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Federal Reserve

More Fed Predictions of Late 2015 Rate Hikes

Dennis Lockhart, president and chief executive officer of the Federal Reserve Bank of Atlanta, gave a speech on Wednesday to the Greater Miami Chamber of Commerce (obviously in Miami, Fla.). ...
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Federal Reserve

Yellen Speech: Backing Away From Rate Hike Timeline

Janet Yellen is still in her getting to know you phase of her tenure as Fed chairman. After spooking the markets at the last FOMC meeting on the timing of ...
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Citi_logo_black

Citi and Four Banks Rejected for Dividend and Buyback Hikes by Fed

Citigroup Inc. (NYSE: C) is one of five banks which were not given approval for their proposed capital plans filed with the Federal Reserve. This means that the bank will ...
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Janet_yellen

Yellen Debut in FOMC Tanks the Market

The Federal Reserve under Janet Yellen may not be that much different than the Fed under Ben Bernanke - not yet at any rate. In her first formal two-day FOMC ...
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