Fed

Fed raises key rate and foresees 2 more hikes this year

WASHINGTON /March 21, 2018 (AP)(STL.News) — The Federal Reserve is raising its key interest rate and signaling confidence in the U.S. economy’s durability but plans to continue a gradual approach to rate hikes for 2018 under its new chairman, Jerome Powell. The Fed said it expects to increase rates twice more this year. At the … Continue reading Fed raises key rate and foresees 2 more hikes this year

Federal Reserve System announces new payments security strategy leader

December 9, 2017 (STL.News) – The Federal Reserve System yesterday, Friday, December 8th, announced the appointment of its payments security strategy leader, Kenneth Montgomery, the first vice president and chief operating officer of the Federal Reserve Bank of Boston. In this role, Montgomery will lead the Federal Reserve’s effort to reduce fraud risk and advance … Continue reading Federal Reserve System announces new payments security strategy leader

Federal Reserve Board requests public comment on proposal to amend Regulation A

WASHINGTON, DC/December 4, 2017 (STL.News) The Federal Reserve Board on Monday requested public comment on a proposal to amend its Regulation A, which governs extensions of credit by Federal Reserve Banks, to make certain technical adjustments including to reflect the expiration of the Term Asset Backed Securities Loan Facility (TALF) program. The proposed amendments would … Continue reading Federal Reserve Board requests public comment on proposal to amend Regulation A

Minutes of the Federal Open Market Committee, October 31-November 1, 2017

WASHINGTON DC/November 23, 2017 (STL.News) The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on October 31-November 1, 2017. The minutes for each regularly scheduled meeting of the Committee ordinarily are made available three weeks after the day of the policy decision and … Continue reading Minutes of the Federal Open Market Committee, October 31-November 1, 2017

White House: Trump plans to make choice for Fed next week

WASHINGTON/October 27, 2017 (AP)(STL.News) — President Donald Trump said Friday that he has someone “very specific in mind” to be the next chairman of the Federal Reserve and he will be announcing his choice next week. “It will be a person who hopefully will do a fantastic job,” Trump said in a video address he … Continue reading White House: Trump plans to make choice for Fed next week

Global stock markets advance after Wall Street gains

After Wall Streets gains Global Stocks follow BEIJING/July 10, 2017 (AP)(STL.News) — Most major global stock markets rose Monday following Wall Street’s gains ahead of quarterly earnings and testimony to the U.S. Congress by Federal Reserve chair Janet Yellen. KEEPING SCORE: In early trading, Germany’s DAX gained 0.5 percent to 12,450.92 and London’s FTSE 100 … Continue reading Global stock markets advance after Wall Street gains

World stocks waver on NKorea worries, mixed Fed message

SEOUL, South Korea/July 6, 2017 (AP)(STL.News) — Global share benchmarks wavered Thursday, overshadowed by tensions over North Korea’s intercontinental ballistic missile launch. Investors were parsing the latest minutes from the U.S. Federal Reserve and awaiting a Group of 20 summit that begins Friday. KEEPING SCORE: Germanys DAX was flat at 12,454.19 and the CAC 40 … Continue reading World stocks waver on NKorea worries, mixed Fed message

Fed debating when to unwind $4.5 trillion in bond holdings

WASHINGTON/July 5, 2017 (AP)(STL.News) — The Federal Reserve is figuring out when to start unloading much of its $4.5 trillion in bond holdings — a major turning point for an economy still healing from the 2008 financial crisis. Some Fed officials want to announce the beginning of the process “within a couple of months,” according … Continue reading Fed debating when to unwind $4.5 trillion in bond holdings