Economic News

2024 AUG 02– By a News Reporter-Staff News Editor at Economics Daily Report– Fresh data on Investment are presented in a new report. According to news reporting out of St. Louis, Missouri, by NewsRx editors, research stated,“ This paper shows the existence of a central bank trilemma. For more information on this research see: Central Bank Digital Currency: When Price…

The US Federal Reserve left its key lending rate unchanged again on Wednesday, but signaled that it could make its first cut as soon as September. After two days of deliberations, policymakers voted unanimously to maintain the US central bank's benchmark interest rate between 5.25 percent and 5.50 percent, the Fed said in a statement– keeping rates at a 23- year…

—Mortgage rates in the U.S. fell to the lowest in six months, helping to ease the housing affordability crunch. The average for a 30- year, fixed loan was 6.73%, down from 6.78% last week, Freddie Mac said in a statement Thursday. While the Federal Reserve held its benchmark rate steady at its meeting Wednesday, Chair Jerome Powell signaled that the central bank could…

The Goldman Sachs Gr o ldman, up, Inc. Sachs and& Co.. For the U.S. Dodd-Frank Wall Street Reform and Consumer Protection Act Stress Test conducted annually and completed in April of each year, The Goldman Sachs Group, Inc. is required to conduct stress tests using a set of macroeconomic scenarios developed by the Board of Governors of the Federal Reserve System.

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As a member of the Federal Deposit Insurance Corporation, GS Bank USA's deposits are insured by the FDIC up to the maximum amount provided by law. GS Bank USA is registered as a swap dealer with the U.S. Commodity Futures Trading Commission and as a security-based swap dealer with the Securities and Exchange Commission. GS Bank USA is also a government securities…

The Fed is required by Congress to pursue stable prices and maximum employment, and the statement said the central bank is“ attentive to the risks” to both goals, a shift after several years of focusing exclusively on combatting inflation.Fed policymakers also chose to keep their key rate at a 23- year high of 5.3%, even as many Democratic elected officials and…

–At the start of trading on Thursday, the price of gold jumped towards the resistance level of $2,458 per ounce.– It is remaining relatively close to the record high of $2,470 on July 16, supported by expectations of a more flexible monetary policy in the United States and new demand for safe assets.– For its part, the Federal Reserve left US interest rates unchanged, as…

When will the Fed cut interest rates? When the data says so. In June, the last time the Federal Reserve policymaking committee met, Fed chief Jerome Powell used the word "data" 30 times and underscored its importance in his news conference.

—U.S. stocks are tumbling Friday on worries about whether the U.S. economy can hold up amid the countdown for a cut to interest rates by the Federal Reserve, as a sell-off for stocks whips all the way around the world back to Wall Street. A report showing hiring by U.S. employers slowed last month by much more than economists expected sent fear through markets, with…

Many Logan business owners held their collective breath throughout 2023, anticipating the crash of the economy’ s much-discussed“ hard landing.”. Then in March, the U.S. Bureau of Labor released Consumer Price Index data, pinning inflation at 3.5%. So, as U.S. business owners shift their mindset to the new normal of a federal funds rate at 5.25% to 5.5%, many are…

The movement of the financial markets can seem mysterious— and yet, if we look back over long periods, we can see definite patterns that consistently repeat themselves. As an investor, how should you respond to these market cycles? If they foresee an event that could boost the business cycle and help the economy, such as the Federal Reserve lowering interest rates,…

WASHINGTON- Federal Reserve Chair Jerome Powell said on Wednesday interest rates could be cut as soon as September if the U.S. economy follows its expected path, putting the central bank near the end of a more than two-year battle against inflation but square in the middle of the nation's presidential election campaign. The Fed ended its latest two-day policy…

WASHINGTON– Federal Reserve Chair Jerome Powell on Wednesday set the stage for the central bank's first rate cut in four years, citing greater progress toward lower inflation as well as a cooler job market that no longer threatens to overheat the economy. Instead, Powell said that, if inflation continues to cool, "a rate cut could be on the table" when it meets next…

WASHINGTON— The Federal Reserve said Wednesday that greater progress was made in reducing inflation to its 2% target, a sign the central bank is moving closer to cutting its key interest rate for the first time in four years. After its two-day meeting, the Fed also said "job gains have moderated" and the unemployment rate rose. Pay and benefits for U.S. workers grew…

2024 AUG 01– By a News Reporter-Staff News Editor at NewsRx Policy and Law Daily– Investigators publish new report on Economics. For more information on this research see: A Simple Model of a Central Bank Digital Currency. Journal of Financial Stability, 2024; 73. Journal of Financial Stability can be contacted at: Elsevier Science Inc, Ste 800, 230 Park Ave, New York,…

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The US Federal Reserve is highly unlikely to waver from its position of holding interest rates at a two-decade high on Wednesday, but could drop hints about a September start to rate cuts. Policymakers began their second day of interest rate deliberations at 9:00 am local time, as scheduled, the Fed said in a statement. Recent comments from Fed officials "suggest…

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