Federal Reserve

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Canada Has Just 77 Ounces of Gold—or Less

Canadian government sells off reserves

(Newser) - The US holds about 8,133 metric tons of gold. That's 8,133 more than Canada, according to newly released data . The Canadian government sold off 21,851 ounces of gold in February, leaving it with just 77 ounces at most, reports Bloomberg . Those 77 ounces are worth about...

Yellen: Fed's Rate Increase Is Defensive

She explains Fed's big move

(Newser) - After the Federal Reserve raised interest rates for the first time in nearly a decade , Fed Chair Janet Yellen stressed that the 0.25% rate hike was pre-emptive. Inflation still remains well below the central bank's 2% target, largely because of transitory factors such as falling oil prices. Yet...

9 Years, 5 Months, 16 Days Later, Fed Makes Its Move

Janet Yellen and company boost main rate by quarter point

(Newser) - A quarter point. The Fed on Thursday moved to raise interest rates for the first time since June 29, 2006 , and it did so by boosting its key federal funds rate by a modest 0.25%, reports the Wall Street Journal . Fed chief Janet Yellen will lay out the rationale...

Even if Fed Acts, Rates May Be Low for Long Time

Here's what to know ahead of the Fed meeting this week

(Newser) - Janet Yellen and the Fed are expected to raise interest rates for the first time in nine years later this week, probably by a quarter-point, reports USA Today . Some things to know:
  • Even if the Fed acts, rates might well remain relatively low for years, despite some alarming predictions to
...

Low Inflation Puzzles Fed as a Big Move Looms

2% target elusive, but it's not expected to deter Janet Yellen

(Newser) - The Federal Reserve is expected to raise its interest rates for the first time since 2006 when it meets this week, but some economists would like it to figure out just what is going on with inflation first. The central bank's target of 5% unemployment has been reached, but...

Janet Yellen Offers More Evidence of a Strong US Economy

Fed could raise its interest rate for first time in years

(Newser) - It's becoming more and more likely the Federal Reserve will raise its interest rates this month for the first time in nearly a decade, USA Today reports. The economy has already hit the Fed's goal of 5% unemployment and is closing in on its goal of 2% inflation,...

Dow Tumbles 180 Amid Global Fears

Traders also wonder whether rate hike is coming

(Newser) - The stock market had its biggest fall in two weeks as investors worried that the global economy could be slowing. Traders were also worrying Monday that last week's strong jobs report opened the way for the first rate hike from the Federal Reserve in nearly a decade. Priceline plunged...

Bernanke: Wall Street Execs Deserved Jail for Crisis

'It would have been my preference to have more investigations of individual actions'

(Newser) - Former Federal Reserve Chairman Ben Bernanke says some Wall Street executives should have gone to jail for their roles in the financial crisis that gripped the country in 2008 and triggered the Great Recession. Billions of dollars in fines have been levied against major banks and brokerage firms in the...

Dow Jumps 125 in Rebound
 Dow Jumps 125 
 in Rebound 
Sep 21, 2015 3:20 PM CDT

Dow Jumps 125 in Rebound

But drugmakers slump on concerns of regulations

(Newser) - US stocks are closing higher as investors try to look beyond the uncertain timing of a possible interest rate increase by the Federal Reserve. The Dow Jones industrial average closed up 125 points, or 0.8%, to 16,510 today. The Standard & Poor's 500 index rose eight points,...

Fed Leaves Rates Unchanged
 Fed Leaves Rates Unchanged 
Sep 17, 2015 1:05 PM CDT

Fed Leaves Rates Unchanged

Janet Yellen keeps historic lows in place

(Newser) - No rate hike: The Federal Reserve has held off on raising interest rates amid a shaky world economy. Janet Yellen's group cited "global economic and financial developments" to explain the decision, which mostly means the turmoil in China, reports MarketWatch . Fed policymakers now see just one rate hike...

All Eyes on the Fed: What You Need to Know

Will Janet Yellen raise interest rates this week?

(Newser) - Will interest rates finally go up? Federal Reserve officials begin a two-day meeting today, with the financial world waiting with bated breath on Janet Yellen's subsequent announcement. "Anyone who uses money" will ultimately be affected, observes NPR, which offers a primer here . Other highlights in coverage:
  • 'Nail-biter'
...

Dow Dips 62 on China News
 Dow Dips 62 on China News 
Sep 14, 2015 3:25 PM CDT

Dow Dips 62 on China News

Only two days until the Fed decides on interest rates

(Newser) - The US stock market is closing slightly lower as traders hold back ahead of a much-anticipated Federal Reserve meeting later this week. More signs of slowing economic growth in China weighed on prices for copper and other commodities today. That sent prices for materials stocks lower. Energy stocks fell along...

Fed Leaves Interest Rates Unchanged

But most expect that to change later this year

(Newser) - The Federal Reserve says the economy has strengthened since a slump early this year but wants to see further gains in the job market and higher inflation before raising interest rates from record lows. The Fed is giving no timetable for a rate hike but says it expects the economy'...

Fed Drops Word 'Patient,' Still Soothes Investors

Moves closer to a rate increase, but suggests it's not imminent

(Newser) - The Federal Reserve continued its slow dance with Wall Street today about when it will finally raise interest rates, and the bottom line is June at the earliest, reports the Wall Street Journal . However, if jobs and inflation aren't hitting their targets at that point, the Fed would likely...

Biggest Banks Can Handle 'Severe' Recession: Fed

Reserve's 'stress tests' show 31 banks stronger than ever since 2008 crisis

(Newser) - All of the nation's 31 largest banks are adequately fortified to withstand a severe US and global recession and keep lending, the Federal Reserve said yesterday. Results of the Fed's annual "stress tests" show that as a group, the 31 banks are stronger than at any time...

Fed to End Historic Bond-Buying Program

It also will keep interest rates low for a while

(Newser) - The Federal Reserve plans to keep a key interest rate at a record low and, as expected, will end a bond-purchase program put into place in 2008 to stimulate the economy. The Wall Street Journal calls the latter a "historic experiment that has stirred intense debate about its effects...

Financial World's 'Ray Rice Video' Has Arrived

Regulators seem cowed by banks in recordings obtained by ProPublica

(Newser) - Those interested in why federal regulators seem unable to rein in big banks might want to check out a new ProPublica report and a companion piece airing on public radio's This American Life this weekend. The reports center on secret recordings made by Carmen Segarra, a Federal Reserve specialist...

'Mystery Woman' Leads the US Economy

Fed Chief Janet Yellen hasn't revealed strong policy leanings—yet

(Newser) - Just what is percolating in Janet Yellen's mind? The "diminutive woman with a pixie haircut"—oh, and chief of the US Federal Reserve—has emitted vague policy signals but divulged no clear plan (as Fed chiefs are wont to do), Politico reports. Some see a progressive with...

31% of Americans Have No Savings for Retirement

That includes 1 in 5 who are near retirement age

(Newser) - Here's a scary stat for you, spotted by the Washington Post : About 1 in 5 people nearing retirement have no money for retirement. It comes from a newly released survey by the Federal Reserve of about 4,100 Americans. In total, 31% had saved no money for retirement, though...

Interest Rates Won't Be Rising Anytime Soon

Fed wraps up meeting, cuts growth forecast

(Newser) - The Federal Reserve has sharply cut its forecast for US growth this year, reflecting a shrinking economy last quarter caused mostly by harsh weather. At the same time, the Fed has barely increased its estimate of inflation despite signs that consumer price increases are picking up. Its benign inflation outlook...

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