Federal Reserve

US interest rate hikes by 0.25 percentage point to tame inflation

Wed, 01 Feb 2023 - 09:22 GMT

The Federal Reserve raised interest rates by half a percentage point Wednesday and signaled plans to keep raising them more in 2023, capping off one of the most aggressive years in the central bank’s history, The Washington Post reported.

With Fed sure to cut rates, Powell on hook to flag next steps

Wed, 31 Jul 2019 - 10:38 GMT

The widely expected quarter-percentage-point lowering of borrowing costs, however, is unlikely to assuage U.S. President Donald Trump’s increasingly strident demands for the central bank to ease monetary policy.

Fed sees case building for interest rate cuts this year

Thu, 20 Jun 2019 - 09:38 GMT

Even as the U.S. central bank left its benchmark interest rate unchanged for now, the shift in sentiment since its last policy meeting was marked.

Global stocks wilt as Fed shift sparks stampede into bonds

Thu, 21 Mar 2019 - 11:47 GMT

Banks suffered their usual worries about low borrowing rates to drag the pan-European STOXX 600 down 0.2 percent, though London’s FTSE edged up as its miners were lifted by higher copper and metals prices.

Fed's balance sheet plan, economic outlook under microscope

Wed, 20 Mar 2019 - 09:50 GMT

The more intense focus among investors may be on the balance sheet, and the Fed’s plans to stop reducing its holdings of Treasury bonds and mortgage-backed securities each month by as much as $50 billion.

Powell: Fed not in 'any hurry' to change rates amid global risks - tv

Mon, 11 Mar 2019 - 10:19 GMT

Rates are currently “appropriate,” Powell said in a wide-ranging interview with CBS’s 60 Minutes news show.

Fed flags end to balance sheet runoff, patience on rates

Thu, 21 Feb 2019 - 09:31 GMT

A raft of Fed policymakers speaking since the Fed’s January pledge of patience have insisted the economy is in a good place.

Fed Chair Powell's unscripted approach sets up for rocky 2019

Mon, 31 Dec 2018 - 09:23 GMT

And as 2018 closes out with a dramatic slump in stocks and a drop in bond yields, financial markets will need to brace for next year, when Powell is scheduled to make more unscripted public remarks than any Fed chief in history.

Trump praises Treasury Secretary Mnuchin but hits Fed again on rate rises

Wed, 26 Dec 2018 - 09:19 GMT

On Monday, Trump said “The only problem our economy has is the Fed.”

Trump says partial U.S. govt shutdown to last until agreement on border wall

Wed, 26 Dec 2018 - 12:00 GMT

Donald Trump said the partial shutdown of the federal government was going to last until his demand for funds to build a U.S.-Mexico border wall is met.

Rate futures market says Fed is all but done with hikes

Tue, 25 Dec 2018 - 09:58 GMT

The Federal Reserve is finished raising U.S. interest rates.

Dollar slips to four-month low vs. yen amid turmoil in Washington

Tue, 25 Dec 2018 - 09:52 GMT

The dollar fell 0.39 percent to 110.00 yen, its lowest level since late August and is set to fall for an eighth straight session against the Japanese currency, with London and New York shut for Christmas.

Trump has discussed firing U.S. Federal Reserve chairman Powell

Sat, 22 Dec 2018 - 10:41 GMT

U.S. President Donald Trump has discussed firing Federal Reserve Chairman Jerome Powell, Bloomberg reported on Saturday, citing sources.

Fed raises interest rates, signals more hikes ahead

Thu, 20 Dec 2018 - 09:14 GMT

After weeks of market volatility and calls by President Donald Trump for the Federal Reserve to stop raising interest rates, the U.S. central bank instead did it again, and stuck by a plan to keep withdrawing support from an economy it views as strong.

Dollar weakens as investors brace for expected Fed caution

Wed, 19 Dec 2018 - 10:14 GMT

However, some analysts still see the Fed raising rates 2-3 times in 2019.

Fed expected to raise rates, may signal fewer hikes ahead

Wed, 19 Dec 2018 - 09:24 GMT

The central bank is due to announce its decision at 2 p.m. EST (1900 GMT) after its final two-day policy meeting of the year. Fed Chairman Jerome Powell is scheduled to hold a press conference half an hour later.

Trump says Fed shouldn't hike rates, but calls Powell 'a good man'

Wed, 12 Dec 2018 - 09:32 GMT

“I think that would be foolish, but what can I say?” Trump told Reuters in an interview.

Dollar up for a third day as yields rise; pound falls

Wed, 12 Dec 2018 - 09:25 GMT

U.S. interest rates may be nearing a peak, but relative interest rate differentials still offered some support for the dollar index, which rose 0.02 percent to 97.41 .DXY

Fed seen slowing, or even stopping, rate hikes next year

Tue, 11 Dec 2018 - 10:13 GMT

The Federal Reserve’s plans to continue raising interest rates next year were met with more skepticism on Wall Street on Monday

Despite Trump criticism, Fed sees need for more rate hikes

Wed, 17 Oct 2018 - 11:30 GMT

Federal Reserve policymakers are largely united on the need to raise borrowing costs further, minutes from their most recent policy meeting show.