Federal Reserve Bank Governor Michelle Bowman gives her first public remarks as a Federal policymaker at an American Bankers Association conference In San Diego, California, February 11 2019. Ann Saphir | Reuters Federal Reserve Governor Michelle Bowman, who had been one of the central bank’s staunchest advocates for tight monetary policy, said Monday she’s adjusted … Read more
St. Louis Fed names Alberto G. Musalem as new president. Source: St. Louis Federal Reserve Economist Alberto Musalem was named the next president and CEO of the Federal Reserve Bank of St. Louis on Thursday. Musalem, 55, will start on April 2. He succeeds James Bullard, who joined Purdue University last August. The St. Louis … Read more
Federal Reserve officials in December concluded that interest rate cuts are likely in 2024, though they appeared to provide little in the way of when that might occur, according to minutes from the meeting released Wednesday. At the meeting, the rate-setting Federal Open Market Committee agreed to hold its benchmark rate steady in a range … Read more
Federal Reserve Bank of Richmond President Thomas Barkin poses during a break at a Dallas Fed conference on technology in Dallas, Texas, May 23, 2019. Ann Saphir | Reuters Richmond Federal Reserve President Thomas Barkin on Wednesday expressed confidence that the economy is on its way to a soft landing, but obstacles remain that will … Read more
U.S. Treasury yields were higher on Friday as investor attention remained focused on the path ahead for the economy and monetary policy. The yield on the 10-year Treasury was up over 3 basis points at 3.881%. The 2-year Treasury yield was last around 2 basis points higher at 4.297%. Yields and prices move in opposite … Read more
Grocery items are offered for sale at a supermarket on August 09, 2023 in Chicago, Illinois. Scott Olson | Getty Images Heading into 2023, the predictions were nearly unanimous: a recession was coming. As the year comes to a close, the forecasted economic downturn did not arrive. So what’s in store for 2024? An economic … Read more
Traders work on the floor of the New York Stock Exchange during morning trading on December 13, 2023 in New York City. Michael M. Santiago | Getty Images After nine straight sessions of gains, Wall Street suddenly took a turn around an hour and a half before the closing bell on Wednesday, leading the S&P … Read more
LONDON, UK – Sept. 2021: People seen dining outdoors in Soho in London in September 2021. SOPA Images | LightRocket | Getty Images LONDON — U.K. inflation fell by more than expected in to hit 3.9% in November, in the lowest annual reading since September 2021. Economists polled by Reuters had expected a modest decline … Read more
Kazuo Ueda, governor of the Bank of Japan (BOJ), gestures as he speaks during a news conference at the central bank’s headquarters in Tokyo, Japan, on Tuesday, Oct. 31, 2023. Kiyoshi Ota | Bloomberg | Getty Images Japan’s central bank left its ultra-loose monetary policy unchanged at its final meeting this year, a move that … Read more
