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Federal Reserve Bank

Market backs off on hopes for interest rate cuts following strong jobs report

by Adrian Jhonsan
Market backs off on hopes for interest rate cuts following strong jobs report

Traders work on the floor of the New York Stock Exchange during afternoon trading on June 03, 2024 in New York City.  Michael M. Santiago | Getty Images May’s surprising …

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Fed’s Williams says inflation is too high but will start coming down soon

by Adrian Jhonsan
Fed’s Williams says inflation is too high but will start coming down soon

John Williams, president and chief executive officer of the Federal Reserve Bank of New York, during the Market Forum: FX in Focus event in New York, on Thursday, Sept. 7, …

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The Fed probably won’t deliver any interest rate cuts this summer

by Adrian Jhonsan
The Fed probably won’t deliver any interest rate cuts this summer

Traders work on the floor of the New York Stock Exchange during morning trading on May 24, 2024 in New York City.  Michael M. Santiago | Getty Images Investors likely …

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Fed officials seem to have ‘no idea’ about inflation, strategist says

by Adrian Jhonsan
Fed officials seem to have ‘no idea’ about inflation, strategist says

The Marriner S. Eccles Federal Reserve building during a renovation in Washington, DC, US, on Tuesday, Oct. 24, 2023. Valerie Plesch | Bloomberg | Getty Images Federal Reserve officials appear …

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Fed minutes May 2024: Concern over stubborn inflation

by Adrian Jhonsan
Fed minutes May 2024: Concern over stubborn inflation

U.S. Federal Reserve Chair Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., May 1, 2024.  …

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Fed’s Waller wants ‘several months’ of good inflation data before lowering rates

by Adrian Jhonsan
Fed’s Waller wants ‘several months’ of good inflation data before lowering rates

Federal Reserve Governor Christopher Waller, citing a string of data showing that inflation appears to be easing, said Tuesday that he does not think further interest rate increases will be …

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Walmart bubble due to high-income grocery spending, warns Bill Simon

by Adrian Jhonsan
Walmart bubble due to high-income grocery spending, warns Bill Simon

Higher-income consumers may be creating a frothy situation at Walmart. Even though affluent shoppers helped drive the retailer’s latest beat on quarterly results, former Walmart U.S. CEO Bill Simon warns …

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U.S. inflation data fuels bets of Fed rate cuts as early as September

by Adrian Jhonsan
U.S. inflation data fuels bets of Fed rate cuts as early as September

Traders work on the floor during morning trading at the New York Stock Exchange on May 14, 2024. Spencer Platt | Getty Images Traders appear increasingly confident that the U.S. …

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Fed Chair Powell says inflation has been higher than thought

by Adrian Jhonsan
Fed Chair Powell says inflation has been higher than thought

Federal Reserve Chair Jerome Powell reiterated Tuesday that inflation is falling more slowly than expected and will keep the central bank on hold for an extended period. Speaking to the …

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Inflation outlook rises, fueled by expected increases for housing costs, New York Fed survey shows

by Adrian Jhonsan
Inflation outlook rises, fueled by expected increases for housing costs, New York Fed survey shows

Consumers in April raised their expectations for price increases both in the near and longer term, fueled by higher inflation in home prices along with fuel and energy, according to …

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