You Searched For "federal resere" and got 20 results
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1 min read
The rejection rate for millennials' credit loans was cut in half this year, according to a new study
Even with banks reigning in their credit approval standards, more people are getting approved for l…
Barbara Smith
1 min read
Stocks now look 'attractive' as the market has absorbed investor concerns following massive rout, Goldman Sachs' global stock chief says
Goldman Sachs' Peter Oppenheimer said now is a buying opportunity for investors with six- to 12-mon…
Brian Evans
1 min read
The Fed is soaking up nearly $1 trillion from market participants awash in cash and desperate for returns
Some observers worried the unprecedented volumes of cash could spell trouble for markets. "This is …
Ethan Wu
1 min read
'The Cold War is back' — Jamie Dimon says Russia's war on Ukraine is a bigger risk to the global economy than higher rates
"The Cold War is back. The allies have to coalesce not just for military purposes but for global, e…
Brian Evans
2 mins read
Another key measure of inflation hit a 39-year high in November as prices continue to rise
The PCE index rose 5.7% in November, the highest since 1982. Weeks earlier, another core inflation …
Max Adams
1 min read
The stock market won't recover fully in 2022 as high inflation will persist for several years, BlackRock's Larry Fink says
"I could also see a scenario where we're going to be muddling along for the next year or two right …
Brian Evans
1 min read
Biden is preparing to sign an executive order to expand US oversight of the $2 trillion cryptocurrency market
The president's pending directive on cryptocurrencies has been in the works long before Russia's in…
Carla Mozée
2 mins read
The cost of a mortgage just hit a new pandemic high as Americans' ability to afford a home slips further
Mortgage rates are over 4% for the first time since 2019. While the rate of home construction is al…
Alcynna Lloyd
1 min read
Coronavirus has created less of a need for 'cold hard cash' as Americans move to contactless payments
Since the coronavirus pandemic has discouraged any unnecessary contact, concerns about touching cas…
Barbara Smith
1 min read
Inflationary pressures will re-emerge as Fed continues with 'policy of patience,' Deutsche Bank says
"We expect inflationary pressures to re-emerge as the Fed continues with its policy of patience," i…
Isabelle Lee
2 mins read
Billionaire trader Paul Tudor Jones says the Fed has a 'lot of catching up to do' to fight inflation and its efforts will put many assets at risk
"Things that performed the best since March 2020 are probably going to perform the worst as we go t…
Isabelle Lee
1 min read
Billionaire investor Paul Tudor Jones says inflation is the single biggest threat to financial markets and is 'much worse' than feared
"The number one issue facing Main Street investors is inflation, and it's pretty clear to me that i…
Isabelle Lee
2 mins read
US stocks hover near record high as investors await Fed comments on inflation
"It is going to be increasingly difficult for the Fed to soothe markets with its dovish stance," Ba…
Isabelle Lee
1 min read
Economist Paul Krugman says hot inflation is not a crisis and there is no need for the Fed to use 'shock therapy' to cool the economy
"The Fed clearly needs to start hiking rates. Probably not shock therapy — definitely not shock the…
Isabelle Lee
3 mins read
S&P 500 hits new record as investors weigh strong GDP data and mega-cap tech earnings
In addition to strong economic data, US stocks were also lifted by blockbuster earnings from tech g…
Isabelle Lee
3 mins read
US stocks climb to new records as jobs data shows labor-market recovery after dismal September report
Positive results on Pfizer's COVID-19 pill also helped spark a broad rally among travel-related sto…
Isabelle Lee
2 mins read
The Federal Reserve needs to 'front-load' rate hikes to save the central bank's credibility in the face of soaring inflation, St. Louis Fed's James Bullard says
"However, I do think we can do it in a way that's organized and not disruptive to markets," Bullard…
Isabelle Lee
2 mins read
The Boston Fed and MIT publish long-awaited research on central bank digital currencies
The 35-page white paper was borne out of a joint initiative announced in 2020 that aimed to explore…
Isabelle Lee
3 mins read
A recession could throw cold water on the housing market — but that doesn't mean it's going to get any easier to buy a home
The US could see an economic slowdown in 2023, but a cooling housing market won't necessarily make …
Alcynna Lloyd
2 mins read
Former Fed economist Edward Yardeni tells the central bank to 'just do it' and hike interest rates by 50 basis points
"Just get on with it, let's do 50, the market's already discounted it," Yardeni told Bloomberg, ref…