The Federal Reserve System is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises. Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibilities of the Federal Reserve System.
U.S. President Donald Trump on Tuesday took aim once again at the Federal Reserve for its interest rate policy in a highly anticipated speech that offered no fresh details on his administration's.. Reuters - Published
In their deliberations on monetary policy, Federal Reserve policymakers need to consider many factors, but up to now, climate change has not been one of them. Reuters - Published
Investors will be listening to what Fed chair Jerome Powell says on the Hill next week. Wall Street also gets the latest data on inflation, and Disney launches its streaming service. Fred Katayama..
Look past the daily headlines surrounding the U.S.-China trade war and focus on the Federal Reserve's switch to neutral as a buy signal for stocks through the first half of 2020, advised Krishna..
The Federal Reserve slashed interest rates yet again on October 30, in the third rate cut since late July. To take advantage of the low Fed funds rate, consider consolidating credit-card debt. It's..
Wall Street lost ground on Thursday as data showed midwest manufacturing falling into a deeper slump and concerns about the U.S.-China trade war truce rattled investors. Conway G. Gittens wraps up the..
The S&P 500 closed at a record high after Federal Reserve Chairman Jerome Powell lowered interest rates and expressed confidence the economy can keep growing without another rate cut. Conway G. Gittens..
The Fed changed its language as it lowered interest rates a third time this year. Summit Place Financial Advisors president Liz Miller tells Reuters’ Fred Katayama she doesn’t see the central bank..
(Reuters) - The S&P 500 and the Dow Jones Industrials were flat on Wednesday as investors assessed mixed corporate reports, while bracing for a policy decision by the Federal Reserve later in the day...
Investors will have a lot to juggle next week: a Fed meeting on interest rates, the October jobs report, and earnings from tech titans Apple and Facebook. Fred Katayama reports.
U.S. wholesale prices unexpectedly fell in September. As Fred Katayama reports, that could give the Federal Reserve room to cut interest rates again later this month.
A Fed president has poo-pooed the idea that the Federal Reserve should cut interest rates to boost low inflation. Sunday, Kansas City Federal Reserve Bank President Esther George said doing so could..
Wall Street climbed Thursday after data showing services-sector activity at a three-year low fueled expectations the Federal Reserve would cut interest rates in an effort to thwart a wider economic..
The massive U.S. services sector experienced a sharper-than-expected slowdown in September, fueling fears that trade tensions are pushing the economy closer to a recession. Conway G. Gittens has the..
Australia cut rates for a third time this year on Tuesday as it acknowledged that global risks were threatening its nearly three decades of uninterrupted growth. And, as David Pollard reports, key PMI..
Sales of new U.S. single-family homes rebounded more than expected in August, the latest sign that the struggling housing market was starting to get a lift from lower mortgage rates. Conway G. Gittens..
Markets were struggling to digest a raft of central bank policy decisions on Thursday, after the U.S. Fed cut rates, the BOJ and the BOE kept their powder dry - but Norway hiked. David Pollard reports.
Federal Reserve Chairman Jerome Powell announced interest rate cuts by a quarter of a percentage point for the second time this year on Wednesday in a widely expected move meant to sustain a..
U.S. stocks rose Tuesday as the impact of weekend attacks on Saudi Arabia's biggest oil refinery faded and investors awaited a widely expected interest rate cut from the Federal Reserve on Wednesday...
Wall Street stocks have climbed to record highs as worries over U.S.-China trade relations and the Federal Reserve's monetary policy have receded, but cautious investors have been sticking with.. Reuters - Published
Yields on U.S. government bonds jumped on Friday morning after domestic job growth slowed less than expected in October, suggesting the Federal Reserve was justified in signaling on Wednesday that it.. Reuters - Published
World stock markets slid from 20-month highs on Thursday as uncertainty about a U.S.-China trade deal offset strong results from Apple and Facebook, while the dollar weakened as investors mulled.. Reuters - Published
World stocks edged to their highest in over 20 months on Thursday after the Federal Reserve cut rates even as it signaled it would hold back from further reductions, sending bond yields and the dollar.. Reuters - Published
Ask a Federal Reserve official if the clutch of interest rate cuts it has delivered this year are helping the economy and you will get a swift answer: Yes. Reuters - Published
Asian shares jumped on Thursday to a three-month high and the dollar fell broadly after the Federal Reserve cut interest rates as expected and U.S. Treasury yields declined. Reuters - Published
Asian shares jumped on Thursday to a three-month high and the dollar fell broadly after the Federal Reserve cut interest rates as expected and U.S. Treasury yields declined. Reuters - Published
The head of Hong Kong's central bank called on the public to manage financial risks prudently on Thursday, as the local economy faces its first recession in a decade. Reuters - Published
Asian shares rose on Thursday and U.S. stock futures edged higher after the U.S. Federal Reserve cut interest rates as expected to keep economic expansion on track. Reuters - Published
The Hong Kong Monetary Authority (HKMA) lowered its base rate charged through the overnight discount window by 25 basis points to 2% on Thursday, hours after the U.S. Federal Reserve delivered a cut of.. Reuters - Published
U.S. trade policy and its impact on business investment, manufacturing and exports were a key factor in the Federal Reserve's decision to cut rates, chair Jerome Powell said Wednesday. Reuters - Published
Understanding central banks is often compared to reading tea leaves: picking up on subtle clues that point in one direction or another. Reuters - Published
The Federal Reserve on Wednesday cut interest rates for the third time this year to help sustain U.S. growth despite a slowdown in other parts of the world, but signaled there would be no further.. Reuters - Published
Wall Street gained ground and U.S. Treasury yields fell on Wednesday after the Federal Reserve signaled a pause in the current easing cycle following the expected announcement of a rate cut. Reuters - Published
U.S. stocks advanced on Wednesday, with the S&P 500 closing at a record for the second time in three sessions, after a policy statement by the U.S. Federal Reserve that cut interest rates by a quarter.. Reuters - Published
U.S. stocks firmed slightly and yields on Treasuries gyrated in narrow ranges on Wednesday after the Federal Reserve lowered interest rates for the third time this year, while signaling it might pause.. Reuters - Published
Kuwait’s central bank cut its benchmark interest rate on Wednesday, joining the Federal Reserve-led monetary easing cycle with its Gulf peers for the first time since July. Reuters - Published
Wall Street pared earlier losses and the U.S. Treasury yield curve flattened on Wednesday after the Federal Reserve cut interest rates, as expected. Reuters - Published
U.S. stocks were little changed on Wednesday, rebounding after a brief move lower in choppy trade on the heels of the policy statement by the U.S. Federal Reserve that cut interest rates by a quarter.. Reuters - Published
The Federal Reserve on Wednesday cut interest rates for the third time this year in a move to ensure the U.S. economy weathers a global trade war without slipping into a recession, but signaled its.. Reuters - Published
U.S. short-term interest rate futures on Wednesday pared earlier gains after the Federal Reserve cut interest rates for a third time this year and signaled it would pause to assess any further need to.. Reuters - Published
The S&P 500 and the Dow Jones Industrials were flat on Wednesday as investors assessed mixed corporate reports, while bracing for a policy decision by the Federal Reserve later in the day. Reuters - Published
Wall Street fell and U.S. Treasury yields dipped as data showed weakening U.S. economic growth and investors looked to an expected rate cut from the Federal Reserve. Reuters - Published
U.S. stock indexes treaded water on Wednesday as investors assessed mixed corporate reports in the thick of earnings season, while bracing for a policy decision by the Federal Reserve later in the day. Reuters - Published
The Federal Reserve is expected to reduce interest rates on Wednesday, but new data showing resilient U.S. economic growth may make that rate cut the last for now. Reuters - Published
The Federal Reserve concludes its latest two-day policy meeting on Wednesday to set a key U.S. interest rate that impacts investors, consumers, and companies around the world. Reuters - Published
Wall Street struggled for direction on Wednesday as investors geared up for a policy decision by the Federal Reserve later in the day. Reuters - Published
Wall Street was set to open slightly higher on Wednesday as investors digested another set of earnings reports ahead of a widely expected interest rate cut by the Federal Reserve later in the day. Reuters - Published
World shares slipped off 21-month highs on Wednesday as the prospect of a U.S. interest rate cut was offset by reports a Sino-U.S. trade deal may be delayed, but a possible $50 billion merger between.. Reuters - Published
A rally in global shares stalled on Wednesday, with Asian shares slipping from three-month highs, as the prospect of a rate cut by the Federal Reserve was countered by worries a Sino-U.S. first-stage.. Reuters - Published
The U.S. economy likely slowed further in the third quarter, held back by a moderation in consumer spending and declining business investment, which could spur the Federal Reserve to cut interest rates.. Reuters - Published
When Federal Reserve officials conclude their two-day policy meeting on Wednesday, they may at last have succeeded in divorcing the actions they take in managing the U.S. central bank's massive balance.. Reuters - Published
Asian share markets slipped on Wednesday, as the prospect of a rate cut by the Federal Reserve was countered by worries a Sino-U.S. first-stage trade deal could be delayed. Reuters - Published
A rally in global shares stalled, with Asian markets stuck in tight ranges early on Wednesday, as the prospect of a rate cut by the Federal Reserve was countered by worries a Sino-U.S. first-stage.. Reuters - Published
Global stocks faltered on Tuesday as strong earnings from U.S. drugmakers Merck and Pfizer and expectations the Federal Reserve will cut rates was offset by a potential delay in a U.S.-China trade.. Reuters - Published
The S&P 500 edged lower to snap a four-session win streak on Tuesday and it retreated from a record high as investors grappled with a flood of earnings and the latest update on a potential trade deal.. Reuters - Published
World stocks edged higher on Tuesday, lifted by strong earnings from big U.S. drugmakers Merck and Pfizer and expectations of another dose of policy stimulus from the U.S. Federal Reserve, while oil.. Reuters - Published
World stocks hovered near a 15-month high on Tuesday underpinned by cautious hopes over a China-U.S trade deal and expectations of another dose of policy stimulus from the Federal Reserve, with safe.. Reuters - Published
In the midst of what became a golden decade for the U.S. Federal Reserve, central bankers twice in the 1990s cut interest rates in short bursts that managed to help the U.S. economy continue growing.. Reuters - Published
Asian shares crept to a three-month peak on Tuesday after Wall Street hit all-time highs amid hopes of progress in Sino-U.S. trade talks and for another dose of policy stimulus from the Federal Reserve.. Reuters - Published
Asian shares rose to a three-month peak on Tuesday after Wall Street hit all-time highs amid hopes of progress in Sino-U.S. trade talks and for another dose of policy stimulus from the Federal Reserve.. Reuters - Published
Asian shares scaled a three-month high on Tuesday after Wall Street hit all-time peaks amid hopes of progress in Sino-U.S. trade talks and for another dose of policy stimulus from the Federal Reserve.. Reuters - Published
The S&P 500 hit a record high on Monday, while the Nasdaq fell just short of its lifetime high touched in late July as a more civil tone between the United States and China lifted hopes for a possible.. Reuters - Published
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