Worries linger about financial stability following bank rescue, Fed report shows
The Fed last published its Financial Stability Report in November 2022, months before the implosion of several prominent midsize banks.
Fed’s John Williams says rates could be increased if inflation doesn’t come down
The current problems in the banking industry and their impact will factor into Williams' policy outlook.
Inflation rate eases to 4.9% in April, less than expectations
The consumer price index was expected to rise 0.4% in April, according to Dow Jones.
Traders raise the chances for a Fed rate cut following April inflation report
Traders on Wednesday raised the chances of a September interest rate cut to close to 80%.
Covid caused huge shortages in the jobs market. It may be easing — but there’s another problem ahead
Since the onset of Covid-19, labor shortages have plagued major economies and intensified inflationary pressures, but economists expect this trend to finally abate.
Yellen says it should be ‘unthinkable’ for the U.S. to default on its debt
U.S. Treasury Secretary Janet Yellen spoke to reporters ahead of the G-7 finance ministers and central bank governors meetings in Niigata, Japan.
German minister calls for maturity on U.S. debt ceiling talks: ‘We have to avoid further risks’
Time is running out for an agreement, with U.S. Treasury Secretary Janet Yellen warning earlier this month that without a deal, the largest economy in...
Wholesale prices rose just 0.2% in April, less than estimate as inflation pressures ease
Wholesale prices rose less than expected in April, according to a Labor Department report Thursday.
Fed Governor Waller casts doubt on need to conduct climate change tests for banks
Waller on Thursday said that conducting special tests for how banks are preparing for such risks probably shouldn't fall under the Fed's purview.