Tagged: federal reserve

Fed Rate Increase is 3rd This Year; Foresees 3 More in 2018

by Associated Press 12/13/2017 2:03 pm

The Federal Reserve is raising its key interest rate for the third time this year and foresees three additional hikes in 2018, a vote of confidence that the U.S. economy remains on solid footing 8½ years after the end of the Great Recession.

Fed Set to Raise Rates as Yellen Gives Final News Conference

by Associated Press 12/11/2017 11:26 am

Investors seem certain about this: The Federal Reserve is going to raise interest rates this week for the third time this year.

As Interest Rates Rise, Banks Are Paying More For Deposits

by Associated Press 11/22/2017 9:04 am

For years after the recession, banks paid next to nothing on deposits — much to the detriment of savers everywhere. Now, banks have increased lending and need more deposits, so they're willing to pay higher interest rates.

Trump Nominates Jerome Powell to Be Next Fed Chairman

by Associated Press 11/2/2017 2:48 pm

President Donald Trump on Thursday announced his choice of Federal Reserve board member Jerome Powell to be the next chairman of the nation's central bank, succeeding Janet Yellen, the first woman to hold the position.

Bank of the Ozarks Move Slices Reporting Obligations to Fed

by George Waldon 10/9/2017 12:00 am

When Bank of the Ozarks absorbed its parent company in June, the $20 billion-asset lender shed itself of two regulators.

Fed Announces a Start to Modestly Reducing its Bond Holdings

by Associated Press 9/20/2017 2:59 pm

The Federal Reserve will begin shrinking the enormous portfolio of bonds it amassed after the 2008 financial crisis to try to sustain a frail economy. The move reflects a strengthened economy and could mean higher rates on mortgages and other loans over time.

US Household Wealth Ticks Up 1.4 Percent to $94.8T

by Associated Press 6/8/2017 11:16 am

Buoyed by higher stock prices, Americans' household net worth rose 1.4 percent to $94.8 trillion in the first three months of this year, a trend that could support future spending.

Fed Hikes Key Rate for Second Time in 3 Months

by Associated Press 3/15/2017 1:41 pm

The Federal Reserve has raised its benchmark interest rate for the second time in three months and signaled that any further hikes this year will be gradual.

What to Know About Today's Likely Fed Rate Hike

by Associated Press 3/15/2017 11:21 am

If, as everyone expects, the Federal Reserve raises its benchmark interest rate Wednesday afternoon and signals the likelihood of additional rate hikes later this year, consumers and businesses will feel it — maybe not immediately, but over time.

US Consumer Prices Post Biggest Rise in Nearly 4 Years

by Associated Press 2/15/2017 11:04 am

U.S. consumer prices rose in January at the fastest pace in nearly four years, strengthening the case for the Federal Reserve to raise interest rates this year.

Beige Book: Economic Growth Quickened at Year's End

by Associated Press 1/18/2017 1:58 pm

The U.S. economy grew a bit faster at the end of last year, spurred by healthier sales for manufacturers and steady hiring that is slowly pushing up wages.

Fed Keeps Key Rate Unchanged But Hints of Coming Hike

by Associated Press 9/21/2016 2:11 pm

The Federal Reserve is keeping its key interest rate unchanged but signaling that it will likely raise rates before year's end.

Yellen Suggests Rate Hike is Coming But Offers No Timetable

by Associated Press 8/26/2016 11:17 am

Federal Reserve Chair Janet Yellen said Friday that the case for raising interest rates has strengthened in light of a solid job market and an improved outlook for the U.S. economy and inflation. But she stopped short of offering any timetable.

State of the Debate on 'Too Big to Fail' (James Bullard Commentary)

by James Bullard 8/8/2016 12:00 am

Even with the enactment of the Dodd-Frank Act, which has yet to be fully imposed, debate continues on whether “too big to fail” remains an issue or whether the risk to the economy has been mitigated.

Beige Book: Economy Improving, Modest Job Growth Across US

by Alexis Crowe 7/14/2016 10:19 am

The U.S. economy has continued to improve at a modest pace, according to the Federal Reserve's latest survey of business conditions, released Wednesday.

Federal Reserve Approves 2 Bank of the Ozarks Acquisitions

by Lance Turner 6/29/2016 11:24 am

The Federal Reserve Board on Tuesday approved Bank of the Ozarks' record-setting deal to buy Community & Southern Bank of Atlanta, along with another deal to buy C1 Financial Inc. of St. Petersburg, Florida.

Yellen: Economy Improving But Timing of Rate Hike is Unclear

by Associated Press 6/6/2016 3:26 pm

Federal Reserve Chair Janet Yellen indicated Monday that the U.S. economy is improving but remains defined by so many uncertainties that it's unclear when the Fed should resume raising interest rates.

Fed Member Lael Brainard Urges Caution on Raising Interest Rates

by Associated Press 6/3/2016 11:38 am

An ally of Federal Reserve Chair Janet Yellen who has been a longtime skeptic of raising interest rates is signaling that the Fed should be in no hurry to act, especially after Friday's bleak U.S. jobs report.

Fed's 'Beige Book' Survey Finds Modest Growth in Many Regions

by Associated Press 6/1/2016 2:20 pm

The Federal Reserve said Wednesday that the economy grew at a modest pace in much of the country from April to mid-May, despite headwinds ranging from slower consumer spending to ongoing weakness in the manufacturing and the energy sectors.

No Fed Rate Hike Expected Today, But What About in June?

by Associated Press 4/27/2016 11:36 am

On this, pretty much every economist agrees: The Federal Reserve will keep interest rates unchanged when it ends its latest policy meeting Wednesday.