Tag: Federal Reserve System

Fed survey: US economy strong but hindered by bottlenecks

The Federal Reserve’s latest nationwide business survey has found that the economy strengthened further in late May and early June, despite supply-chain bottlenecks that led...

Dollar is dropping to multi-year lows against peers, one by one

By Ruth Carson and Hooyeon Kim The dollar is steadily moving down the pack of the world’s currencies in December. The euro, the Australian and...

Covid-19 dampens holiday cheer for Black-owned small businesses

Los Angeles: It’s been a rough year for Black-owned small businesses in the United States, and the latest surge in coronavirus cases suggests a festive...

Yield curve: The Fed has trained bond traders not to push yields up too far

By Liz Capo McCormick The message from the bond market after the latest brief leap in yields is clear: The Federal Reserve is standing by...

IMF warns global economy could be permanently scarred

WASHINGTON: The global economy‘s recovery from the pandemic recession is tentative and uneven and “marked by significant uncertainty” as confirmed coronavirus cases spread in many...

executives: While millions lost jobs, some executives made millions in company stock

Even as millions of people have lost their jobs during the pandemic, the soaring stock market since the spring has delivered outsize gains to the...

Federal Reserves: The Covid crisis exposed what financial reformers missed

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...

Fed’s Powell warns of weak recovery without enough government aid

By Matthew Boesler In one of his strongest appeals to date, Federal Reserve Chair Jerome Powell warned of a weak US recovery without sufficient government...

Fed minutes show FOMC backs away from September guidance shift

By Christopher Condon, Matthew Boesler and Craig Torres US central bankers appeared to back off from an earlier readiness to clarify their guidance on the...

Why is Sensex falling: Sensex tumbles 800 points: Here’s what’s driving market lower

NEW DELHI: Domestic benchmark indices tumbled in the opening trade on Friday, following US and Asian peers that fell on the worries over resurgence in...