The Federal Reserve might hike U.S. interest rates later this year as long as inflation firms and Greece and other international wildcards do not get in the way, a top Fed official said on Friday.
With little evidence the U.S. economy is rebounding after a very weak first quarter, the Federal Reserve is in no position to start raising interest rates for the first time since 2006, a top Fed official said on Monday.
Falling crude oil prices are a double edged sword. On one hand they reflect the positive impact from rising U.S. oil production and provide an economic stimulus shot.
This week’s market action demonstrated the ability of some investors to endure pain. Others were pushed out of their equities and other elements of their portfolios by margin calls. After five days of losses, equity markets recovered substantially from Wednesday’s low.
Treasuries fell for a second day, pushing 10-year yields up the most in two weeks, as a report showed housing starts rose more than forecast last month.
The shares outstanding in iShares TIPS Bond ETF, a fund with more than 53 percent of its assets in long-term inflation- linked products, exceeded those of the FlexShares iBoxx Three- Year Target Duration TIPS Index ETF by 23,946 on Sept. 10, the lowest on record
Federal Reserve Bank of Boston President Eric Rosengren said brokerage regulation needs a “major re-examination” to prevent funding shortfalls during a crisis.
Essentially, the Fed has been pushing stock and bond prices up to "bubblish" levels, in the expectation that they will inspire the kind of consumer spending, physical investments and hiring required to subsequently justify them. The hope is that the convergence will occur in the context of full employment.
The records show Fed officials struggling to understand the magnitude of the financial crisis that was underway, and the potential fallout for the economy.
Swiss refiner Argor-Heraeus is under investigation for ‘suspected money laundering and complicity in war crimes.’ The refinery, part owned by Commerzbank and the Austrian mint, finds the case brought against them by TRIAL.