Firms 鈥榟esitant鈥� to hire in uncertain economy: survey
Businesses in several regions of the United States were reluctant to hire workers in August because of uncertainty over the economic outlook, a Federal Reserve report said Wednesday...
Tags : Federal Reserve
US Fed鈥檚 preferred inflation gauge steady
The US Federal Reserve鈥檚 preferred inflation gauge held steady in July but a measure of underlying price increases ticked up, government data showed Friday, as president Donald Trump鈥檚 tariffs ripple through the economy.
Lisa Cook sues Trump over move to fire her
US Federal Reserve governor Lisa Cook filed a lawsuit Thursday to challenge Donald Trump鈥檚 move to fire her from her position 鈥� as the president widened his pressure on the central bank.
Fed governor Cook says Trump has no authority to fire her
Federal Reserve governor Lisa Cook rejected US president Donald Trump鈥檚 unprecedented bid to oust her on Tuesday, saying he had no legal authority for such an intervention against a member of the independent US central bank.
US Fed chair opens door to rate cut
US Federal Reserve chair Jerome Powell left the door open to interest rate cuts in a keenly watched speech Friday, balancing risks to the economy as president Donald Trump intensifies pressure on the central bank...
Trump raises pressure on Fed with call for governor to resign
President Donald Trump ramped up pressure on the US central bank Wednesday with a call for Federal Reserve governor Lisa Cook to step down, as he repeatedly criticises Fed chair Jerome Powell for not lowering interest rates...
Interviews for new Fed chair to start Sept 1: US Treasury
US Treasury secretary Scott Bessent said Tuesday that interviews for Federal Reserve chair Jerome Powell鈥檚 replacement are set to take place around September 1 鈥� with 11 candidates being considered for the position...
Trump mulling four Fed chair candidates
US president Donald Trump said Tuesday that he has narrowed his potential choices for heading the Federal Reserve to four candidates, but that treasury secretary Scott Bessent is no longer in the running...
Global stocks higher on US Fed rate cuts bets
Global stock markets rose Tuesday as investors grew increasingly confident that the US Federal Reserve will cut interest rates next month...
US Fed governor to resign early at critical time for central bank
US Federal Reserve governor Adriana Kugler is resigning from her position, the central bank said Friday, opening a vacancy that President Donald Trump can fill as he presses his campaign to drop interest rates...
Trump renews attacks on Fed chair after rates held again
President Donald Trump lashed out Thursday at Jerome Powell after the US central bank continued to hold rates steady again, calling him 鈥榯oo stupid鈥� to be Federal Reserve chairman...
Trump, Fed chair bicker during central bank visit
Donald Trump and US Federal Reserve chairman Jerome Powell appeared together for a tense meeting Thursday as the president toured the central bank after ramping up his attacks on its management of the economy.
No reason for Fed chair to step down now: US Treasury chief
US Treasury secretary Scott Bessent said Tuesday that he did not see a reason for Federal Reserve chair Jerome Powell to resign immediately, a day after calling for a review of the Fed...
Dollar slides as Trump eyes new Fed boss
US dollar slid, while its stock markets rose Thursday as president Donald Trump lined up candidates to succeed Federal Reserve boss Jerome Powell, fuelling bets of cuts to US interest rates...
US factory output ticks down in May
Industrial production in the United States edged down unexpectedly in May, the Federal Reserve said Tuesday, as a drop in utilities output outweighed slight upticks in manufacturing and mining...
US banks sue Fed over 鈥榦paque鈥� stress tests
A business coalition led by large US banks filed suit Tuesday against the Federal Reserve, criticizing the central bank鈥檚 annual stress test implementation as 鈥榦paque鈥� and detrimental to economic growth.
Global stocks decline as Fed eyes fewer rate cuts
European and Asian stock markets slid Thursday following sharp losses on Wall Street as the Federal Reserve signalled fewer cuts to US interest rates next year...
Global stocks mostly drop awaiting Fed policy update
Major stock markets mostly fell Tuesday as attention turned to the Federal Reserve鈥檚 upcoming policy decision, with traders hoping for guidance on its interest rate plans as president-elect Donald Trump prepares to take office...
US Fed expected to cut rates in last meeting of Biden era
The US Federal Reserve is widely expected to announce a quarter point cut to its key lending rate on Wednesday despite a recent uptick in inflation, in the central bank鈥檚 last meeting of Joe Biden鈥檚 presidency...
US Fed flags rise in delinquencies at small firms
Small businesses in the United States are facing the twin challenges of tighter credit availability and the rising inability to pay back loans, the Federal Reserve said Friday...
Rate cut could lift consumer spirits before US elections
The US Federal Reserve鈥檚 decision to cut interest rates by half a percentage point gives consumers a much-needed psychological boost ahead of November鈥檚 presidential election...
World stocks rally
Asian and European stocks markets rallied Thursday, with a record high in Frankfurt, after the Federal Reserve announced a bumper interest-rate cut and pledged further reductions as inflation cools...
BoE holds rate steady after jumbo US cut
The Bank of England on Thursday kept its key interest rate at 5.0 per cent, deciding against consecutive cuts one day after a bumper reduction from the US Federal Reserve...
US Fed to start cutting rates
Federal Reserve chair Jerome Powell said Friday that the 鈥榯ime has come鈥� for the United States to start cutting interest rates,聽adding that his 鈥榗onfidence has grown鈥� that the...
Global stocks diverge ahead of Powell speech
Stock markets were mixed Tuesday as investors treaded water ahead of a key speech by US Federal Reserve chief Jerome Powell that could provide more hints of an interest rate cut...
US consumer inflation sees smallest annual rise since 2021
US consumer inflation eased slightly in July, according to government data published Wednesday, its smallest 12-month increase since March 2021 and a positive sign for the Federal Reserve as it weighs cutting interest rates...
US inflation still 鈥榰ncomfortably鈥� high: Fed official
US inflation remains 鈥榰ncomfortably鈥� above the Federal Reserve鈥檚 target despite the progress it has made in recent months, a senior bank official said Saturday...
World stocks diverge before key earnings, rate calls
Leading equity markets traded mixed Tuesday before the week鈥檚 slew of interest-rate decisions and earnings from tech titans...
Global stocks advance, Tokyo tanks as yen rebounds
Global stock markets mostly advanced on Friday as traders increasingly expect聽the US Federal Reserve to cut interest rates.
Europe stocks advance after Wall Street records
Europe鈥檚 stock markets rose Wednesday following a record-breaking Wall Street performance after US Federal Reserve chief Jerome Powell hinted at interest-rate cuts later this year...