All assets associated with the tag: Federal Reserve
When an increasingly fractious committee of Federal Reserve policymakers meets next week, Chair Jerome Powell will need to forge a consensus. But what does that mean?
The monthly employment report, out today, reported much higher job numbers for May than economists predicted. In a recent webinar hosted by the Kenan Institute, economist Greg Brown reviewed the numbers and what they could mean for federal interest rates.
US business economists are optimistic that the banking and debt ceiling turmoil won’t turn into full-blown crises; however, a majority of them also believe a recession is still in the cards — although likely starting later than previously thought, according to a new survey released Monday.
Reading between the lines of the latest Federal Reserve's decision to raise interest rates again on Wednesday, three Triangle economists say a pause in further hikes appears on the horizon. But only the Fed knows for sure.
The Federal Reserve voted unanimously to raise interest rates by a quarter point Wednesday, the tenth rate hike since the central bank started its battle against inflation last March.
Federal Reserve officials are expected to raise interest rates by a quarter point at the conclusion of their two-day policy meeting Wednesday, despite calls from some lawmakers and economists to tap the brakes to allow the ailing banking sector to rebalance.
Prices are moving in a more palatable direction for US consumers.
By Alicia Wallace, CNN
WASHINGTON — Federal Reserve officials raised interest rates by a quarter-point Wednesday as they tried to balance two conflicting problems: the risk that inflation could remain rapid and the threat that turmoil in the banking system could slow the economy drastically.
Jeanna Smialek, New York Times
The Federal Reserve extended its year-long fight against high inflation Wednesday by raising its key interest rate by a quarter-point despite concerns that higher borrowing rates could worsen the turmoil that has gripped the banking system. And more hikes are likely to come, says N.C. State economist Dr. Mike Walden.
The rate raise comes after weeks of economic turbulence, including high inflation, strong jobs growth and a banking crisis.
WASHINGTON -- Treasury Secretary Janet Yellen expressed confidence in the nation's banks Tuesday but said she is prepared to take additional action to safeguard smaller financial institutions as the Biden administration and federal regulators work to contain fallout from fears over the stability of the banking system.
Alan Rappeport, New York Times
Inflation’s temperature came down a little bit more last month, but the Federal Reserve’s campaign to bring down high prices has grown even more complex in recent days. But the fight is far from over. “The drama continues,” warns N.C. State economist Dr. Mike Walden.
America's employers added a substantial 311,000 jobs in February, fewer than January's huge gain but enough to keep pressure on the Federal Reserve to raise interest rates aggressively to fight inflation.
Fed officials will be desperately hoping for any sign that their disinflationary policies are working when a new inflation report is released today.
Federal Reserve Chairman Jerome Powell on Tuesday made his first public appearance since Friday’s January 2023 jobs report.
It's unlikely that the U.S. economy will enter a recession in the first half of 2023, as the latest jobs report found the economy added 517,000 jobs.
Meredith College economics professor Dr. Anne York discussed what the Federal Reserve's decision to raise interest rates means about the economy.
As the Federal Reserve has lifted its key interest rate several times over the past year, Americans have seen the effects on both sides of the household ledger: Savers benefit from higher yields, but borrowers pay more.
Tara Siegel Bernard, New York Times
The Federal Reserve is expected to raise interest rates for the eighth time in 11 months at the conclusion of its first monetary policy meeting of 2023 on Wednesday. But the meeting could also mark a pivotal turning point for the central bank's decision making: a return to normal.
Federal Reserve Chair Jerome Powell tested positive Wednesday for COVID-19 and is experiencing “mild symptoms," the Federal Reserve announced.
At an event in Durham on Friday afternoon, a Federal Reserve official told an audience the Fed remains committed to reducing inflation in the U.S. economy.
News that the nation's economy grew at a higher rate than previously reported in the third quarter could mean better or tougher times ahead, says NCSU economist Dr. Michael Walden.
America's economy grew much faster than previously thought in the third quarter, a sign that the Federal Reserve's battle to cool the economy as it fights against inflation is having only limited impact.
The Federal Reserve reinforced its inflation fight Wednesday by raising its key interest rate for the seventh time this year and signaling more hikes to come. But it announced a smaller hike than it had in its past four meetings at a time when inflation is showing signs of easing.