Economic News

Newswires RSS Get our newsletter

Kansas City could soon move to get a blighted downtown building into the hands of someone else who could pursue rehabilitation. The City Council’ s finance committee advanced a plan on Tuesday to begin the receivership process on the former Federal Reserve building, 925 Grand Blvd. The historic building was once the home of the Federal Reserve Bank of Kansas…

"The FOMC generally prohibits external communications around FOMC meetings to' reinforce the public's confidence in the transparency and integrity of the monetary policy process.'". Senators Elizabeth Warren, Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, Jack Reed, and Chris Van Hollen sent a letter to Michael Horowitz, the…

WASHINGTON D.C.– While he is a new Federal Reserve Chairman, Kevin Warsh kept it pretty much business as usual when he held his first meeting last week. The central bank voted unanimously to keep the standard interest rate in the 3.50% to 3.75% target range. There were also talks of a new strategy involving communication with Warsh releasing a shorter policy…

U.S. job growth likely slowed to a still-solid clip in June, with the unemployment rate expected to hold steady at 4.3% for a fourth straight month, consistent with a stable labor market. Economists expected the Labor Department's closely watched employment report on Thursday to keep a September interest rate hike from the Federal Reserve on the table amid…

Financial supporters for this research include European Research Council, German Research Foundation. Our news editors obtained a quote from the research from Federal Reserve Board,“ In this article, we fill this gap by analysing long-run historical data. The news editors report that additional information may be obtained by contacting Maximilian Grimm,…

Financial supporters for this research include Financial Research Center of Korea, Hankuk University of Foreign Studies Research Fund, Bank of Korea. Our news editors obtained a quote from the research from the Bank of Korea,“ Although average income adjusted for inflation has increased, public sentiment reflects concerns about the high cost of living and a…

Most U.S. stocks rose, but drops for some influential technology companies kept the market in check. Stocks got some help from the bond market as Treasury yields pared their gains following a weaker-than-expected report on U.S. manufacturing. That could allow the Federal Reserve to hold off on aggressive increases to interest rates this year.

—Most U.S. stocks rose, but drops for some influential technology companies kept the market in check. Stocks got some help from the bond market as Treasury yields pared their gains following a weaker-than-expected report on U.S. manufacturing. That could allow the Federal Reserve to hold off on aggressive increases to interest rates this year.

We say it a lot: The Federal Reserve doesn't set mortgage rates. But keeping the U.S. economy stable is the Fed's job, and so yes, the central bankers' plans and actions certainly influence mortgage interest rates. We get rate cuts when the Federal Reserve needs to shore up employment.

—New Federal Reserve Chair Kevin Warsh said Wednesday that the central bank would remain independent and seek to bring down inflation, likely foreclosing the rate cuts President Donald Trump has sought. The Fed typically combats inflation by raising borrowing costs. Such comments suggest that Warsh has shifted his views since replacing Jerome Powell as…

First Bank's independence from presidential authority was cited as precedent on the first page of Tuesday's 5-4 Supreme Court decision that backed the independence of the Federal Reserve. "The United States has a long tradition of independent central banking," Roberts wrote, noting that Philadelphia- based central banking enjoyed "independence from the…

The Federal Reserve recently has been indicating that it is likely to raise interest rates at least once before the end of this year. Just a few months ago, before the war with Iran and the associated jump in energy prices, the Fed was considering at least two interest rate cuts in 2026.. The Fed is data driven.

Intercontinental Exchange, Inc., one of the world's leading providers of financial market technology and data powering global capital markets, announced the planned launch of its first economic indicator futures contracts tied to global monetary policy decisions and US natural gas storage reports. ICE's new futures will be based on central bank rate…

The Federal Reserve, under pressure from President Donald Trump to cut interest rates and bend to his will, just got an important assist from the U.S. Supreme Court. Cook, the justices took up the case involving Trump's decision to terminate Lisa Cook, a member of the powerful policymaking Board of Governors of the Federal Reserve. But other recent Supreme Court…

Former Federal Reserve Chairman Alan Greenspan passed away last week at the age of 100. As a result, the cult of the Federal Reserve chairman reached new heights under Greenspan. New Republic reporter Stephen Glass wrote about Wall Street professionals maintaining a shrine to Greenspan.

WASHINGTON- The U.S. Supreme Court refused on Monday to let Donald Trump fire Federal Reserve Governor Lisa Cook as it stood firm to preserve the central bank's cherished independence against an unprecedented challenge by the Republican president. In that ruling, involving Trump's dismissal of a Federal Trade Commission member, the court expanded…