You Searched For "Cleveland Fed" and got 20 results
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1 min read
Goldman's Beth Hammack has a new job: Cleveland Fed president
Cleveland's Federal Reserve Bank appointed Beth Hammack, a Goldman Sachs veteran, as its next presi…
Shubhangi Goel
2 mins read
The Fed is following its 1995 playbook — and that's great news for stocks and the economy
The Fed's cutting cycle in 1995 sparked an economic boom, with the stock market more than doubling …
Jennifer Sor
2 mins read
Fed officials cast more doubt on the timing of rate cuts this year
Powell warned earlier this week that rate cuts could be delayed, with his colleagues echoing that i…
Jennifer Sor
1 min read
Lowering inflation to the Fed's target would require a deep recession that more than doubles unemployment, say Cleveland Fed economists
Even by the end of 2025, inflation still won't be at the Fed's 2% goal, according to a research pap…
Phil Rosen
1 min read
Stock market today: US indexes drop as investors sour on pace of Fed rate cuts
The 10-year Treasury yield hit its highest level since November as traders readjust to a Fed rate c…
Filip De Mott
19 mins read
He was America's flashiest watch dealer. Then the feds caught up with him.
How the Wolf of Watch Street ran out of time
David Kushner
1 min read
US stocks closed mixed as traders weigh Fed rate-cut guidance and corporate earnings
Fed presidents Neel Kashkari and Loretta Mester signaled caution for investors expecting the centra…
Filip De Mott
1 min read
The stock and housing markets show 'frothiness' but not yet in bubble territory, says Cleveland Fed President Loretta Mester
Mester's comment comes after Fed Chair Jerome Powell said the Evergrande crisis was unlikely to dir…
Ethan Wu
1 min read
A top Fed official warns markets have gotten ahead of themselves in their enthusiasm for rate cuts in 2024
The next step isn't deciding when to cut interest rates, but deciding for how long tight policy wil…
Phil Rosen
2 mins read
Inflation is stuck and the Fed can't lower prices without damaging the economy, top economist Mohamed El-Erian says
The Fed cutting interest rates prematurely risks letting inflation spiral out of control, top econo…
Jennifer Sor
2 mins read
Home prices may climb to fresh all-time highs as the Fed eyes rate cuts and mortgage rates fall
The Case-Shiller index, a trusted tracker of home prices, saw prices notch all-time highs. And home…
Aruni Soni
2 mins read
Congress must pass new stimulus now to fend off another virus-driven economic slowdown, says one Fed president
Monetary policy "is doing the right thing," but further easing can't make up for the absence of fis…
Ben Winck
1 min read
Economic recovery will be 'a slow one' and activity has weakened as virus cases picked up, Fed President Mester says
"I think accommodative monetary policy is going to be very important throughout this recovery," the…
Emily Graffeo
3 mins read
Here are 6 key economic signals for markets to follow as the Fed gets ready to make its next policy move
The US is likely headed into a mild recession in the medium term, according to one chief investment…
Jennifer Sor
2 mins read
The Fed isn't worried about enabling risk-takers as its massive stimulus attempts to revive markets and the economy, Cleveland chief says
The central bank's announcement that it would begin buying junk-bond ETFs sent the sector soaring a…
Ben Winck
2 mins read
US stocks slip as investors digest hawkish Fed comments on future rate hikes
US stocks fell Friday as traders mulled comments from Fed officials on the path of rate hikes. Trea…
Morgan Chittum
2 mins read
Goldman Sachs raises its Fed rate hike forecast to 75 basis points for September as Fed officials push hawkish messages
Goldman now also sees the Fed raising its key interest rate by 50 basis points in November, higher …
Carla Mozée
3 mins read
Americans are still getting larger-than-usual raises, but the wage rallies are starting to slow in some cities
In San Francisco, New York, and Chicago, above-average raises seem to be sticking around. Yet Phila…
Ben Winck
2 mins read
US stocks drop on stubbornly high inflation and Fed officials' comments on more rate hike to come
Fed officials Loretta Mester and James Bullard said high inflation makes the case for rate hikes to…
Carla Mozée
2 mins read
US stocks end mixed as Fed officials sound off on inflation fight and path of future rate hikes
Elsewhere, oil prices slid this week as the outlook for further monetary tightening stoked recessio…