Federal Reserve officials intensified their battle against the hottest inflation in a generation by shifting to end their asset-buying program earlier and signaling they favor raising interest rates in 2022 at a faster pace than expected. Heralding one of the most hawkish policy pivots in years, the central bank said Wednesday it will double the … Read more
US interest-rate traders have upgraded to almost 50-50 the odds that the Federal Reserve will raise interest rates by 25 basis points in June. Interest-rate swaps referencing the June meeting of the Federal Open Market Committee price in around 12 basis points of an increase. A full hike is fully priced into the September meeting, … Read more
Federal Reserve officials indicated they have begun discussing when to tap the brakes on their robust support for the U.S. economy amid an inflation surge, even as the delta variant of the coronavirus poses a increasing threat to growth. The central bank kept the target range for its benchmark policy rate unchanged at zero to … Read more
Federal Reserve Chair Jerome Powell is expected to maintain the central bank’s aggressive support of the US economy, despite having spied “light at the end of the tunnel” from the Covid-19 pandemic. The Federal Open Market Committee is all but certain to hold interest rates near zero at the conclusion of its two-day policy meeting … Read more
By Bill Dudley After the U.S. financial system came to the brink of collapse in 2008, Congress and regulators spent years on renovations designed to prevent that from ever happening again. More than six months into a global pandemic that has delivered another monumental shock, it’s worth asking: Were the reforms successful and sufficient? The … Read more