Fed officials now say they expect to raise rates by 2023
The Federal Reserve has decided to keep interest rates near zero even as too-high inflation concerns continue to percolate.
Deutsche Bank warns rising inflation could lead to worldwide financial distress
Sharply contradicting the consensus on Wall Street, Deutsche Bank has warned that ongoing US Federal Reserve neglect of rising inflation in favor of social goals could leave global economies “sitting on a time bomb,” and cause worldwide financial distr…
Federal Reserve Holds Rates Steady, Shrugs Off Inflation Concerns
The Federal Reserve kept its benchmark interest rate unchanged Wednesday and repeated its view that the coronavirus pandemic will continue to weigh on the domestic economy even as conditions continue to improve.
US consumer prices at the highest since 2012
The US Labor Department reported Tuesday that the Consumer Price Index jumped 0.6% in March, the largest increase since 2012, Reuters reports. Economists have explained the spike is due to supply chains struggling to keep up with a surge in demand resu…
Federal Reserve’s Digital Dollar Push Worries Wall Street
Banks, credit card companies and digital payments processors are nervously watching the push to create an electronic alternative to the paper bills Americans carry in their wallets, or what some call a digital dollar and others call a Fedcoin.
Federal Reserve’s Digital Dollar Push Worries Wall Street
Banks, credit card companies and digital payments processors are nervously watching the push to create an electronic alternative to the paper bills Americans carry in their wallets, or what some call a digital dollar and others call a Fedcoin.
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