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The Federal Reserve on Wednesday raised its benchmark interest rate as widely expected. The central bank’s Federal Open Market Committee voted after a two-day meeting to increase the fed funds rate by 25 basis points to a range of 1.25%-1.50%. The Chicago Fed’s Charles Evans and Minneapolis Fed’s Neel Kashkari voted against the decision. This would […]
Andrew Medichini/AP Federal Reserve Chair Janet Yellen is scheduled to speak at the Jackson Hole Symposium on Friday, possibly for her last time as head of the US central bank Gary Cohn, reportedly the top candidate to replace her, could have a less technocratic approach to monetary policy. His career path has been very different […]
Thomson Reuters Federal Reserve Chair Janet Yellen’s increasing concern over low and falling inflation helped US stock markets hit record highs last week. Yellen testified before Congress for two days, and Wall Street found enough concern that inflation might not in fact head back up toward the Fed’s 2% target to justify renewed market bullishness. […]
THIRD time lucky. In each of the past two years, the Federal Reserve has predicted multiple interest-rate rises, only to be thrown off-course by events. On March 15th the central bank raised its benchmark Federal Funds rate for the third time since the financial crisis, to a range of 0.75-1%. This was, if anything, ahead […]
THIRD time lucky. In each of the past two years, the Federal Reserve has predicted multiple interest-rate rises, only to be thrown off-course by events. On March 15th the central bank raised its benchmark Federal Funds rate for the third time since the financial crisis, to a range of 0.75-1%. This was, if anything, ahead […]
