Category: Federal Reserve Bank

Yellen signals Fed will likely raise rates in March

Interpretation of the news based on evidence, including data, as well as anticipating how events might unfold based on past events Federal Reserve Chair Janet Yellen testifies on Capitol Hill in Washington, Tuesday, Feb. 14, 2017, before the Senate Banking Committee. Federal Reserve chair Janet Yellen said a March rate hike would be “appropriate” if the economy continues to evolve as expected, adding strength to recent speculation that the central bank will raise its benchmark interest rate at its upcoming March meeting.

The Economy’s Visible Hands

The Fed is dominated by stodgy economists without business experience. But would we like it any better if it was staffed by CNBC junkies? Peter Conti-Brown reviews “Fed Up: An Insider’s Take on Why the Federal Reserve Is Bad for America” by Danielle DiMartino Booth.

US Treasury Yields Rise; All Eyes On Fed Minutes

To read Chairman Yellen’s remarks, visit Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, Washington, D.C. on February 14, 2017, and Chair Yellen submitted identical remarks to the Committee on Financial Services, U.S. House of Representatives, on February 15, 2017 . The Fed minutes due to be released later on Wednesday could either reinforce or undermine recent hawkish comments from central bank policy makers.

More Rate Hikes Good for the Market?

On Dec. 14, 2016, the federal funds rate was hiked by 25 basis points to 0.75%. More hikes are expected in 2017, but early this month, Fed FOMC members decided to maintain the interest rate at 75% for the time being without ruling out further increments.

This week’s DWI License Revocations

Punishment came down quickly for two Daniel Webster College basketball players, including the leading scorer this season, after a fight during the school’s last-ever men’s basketball game on… Brad Marchand scored a breakaway goal 2:36 into overtime as the Boston Bruins beat the Sharks 2-1 Sunday night.

Another View — Mark Connolly: The upside of regulations

Punishment came down quickly for two Daniel Webster College basketball players, including the leading scorer this season, after a fight during the school’s last-ever men’s basketball game on… Brad Marchand scored a breakaway goal 2:36 into overtime as the Boston Bruins beat the Sharks 2-1 Sunday night.

Book Bits | 18 February 2017

By Danielle DiMartino Booth Commentary by author via CNBC It’s no longer a secret that an abundance of anger is churning among many working men and women who feel they’ve been excluded by the current economic recovery and the longest span of job creation in postwar history. The funny thing about a sense of abandonment is that more often than not, anger follows.

Twitter

Gold slipped on Tuesday on a stronger dollar and as investors booked profits after the yellow metal hit a near three-month high in the previous session, amid safe-haven demand on the back of rising global political uncertainty. The dollar index , which measures the greenback against a basket of currencies, was up 0.7 percent at 100.610.

U.S. Federal Reserve Keeps Interest Rates Unchanged for Now

The U.S. Federal Reserve Bank will leave interest rates unchanged for now, but also acknowledged Wednesday that consumer and business sentiment have improved since President Donald Trump was inaugurated. New economic data released by the government bolsters the case for a rate increase soon, economists said.

Fed’s Williams Sees Case for 3 Rate Hikes Even with No Fiscal Stimulus

San Francisco Federal Reserve Bank President John Williams on Tuesday said he sees a “good case” for three rate hikes this year even without any fiscal stimulus, but if the economy accelerates, the Fed would need to raise rates faster. Williams told reporters after a speech at Sacramento State University that he penciled in some fiscal stimulus to his forecast, and expects growth to be slightly faster in the second half of this year and next year as a result.

Federal jury convicts former Burlington bank teller of embezzlement, other crimes

A former teller at Central National Bank in Burlington has been convicted of embezzling more than $700,000 A federal jury in Topeka on Thursday convicted a former teller at a Burlington bank of embezzling about $700,000. U.S. Attorney for Kansas Tom Beall’s office announced Denise Christy, 48, of Burlington, was convicted on one count of embezzlement, six counts of making false bank entries, six counts of filing false tax returns and six counts of money laundering.

Resolutions for Trump and Congress

In the spirit of New Year’s, here are four resolutions for President-elect Trump and Congress that will enable them to really make America great again: Resolutions for Trump and Congress In the spirit of New Year’s, here are four resolutions for President-elect Trump and Congress that will enable them to really make America great again: Check out this story on jacksonsun.com: In the spirit of New Year’s, here are four resolutions for President-elect Trump and Congress that will enable them to really make America great again: 1. Audit the Feda .and then end it: The Federal Reserve Bank’s easy money polices have eroded the American people’s standard of living and facilitated the growth of the welfare-warfare state.

Stop Dancing To The Fed’s Fiddle

For the first time in almost a decade, the market shrugged off a significant move by the Fed when it increased its rate by 0.25%. Of course, the market had anticipated the increase for a year, and so, priced it in earlier.

Fed Hawkishness

As expected, the FOMC raised the policy rate by another 25 basis points this week. This matches my long-time prediction for extreme A1 4bergradualism : hiking rates once per year.

Fed’s Harker says more oversight of fintech good for the industry

Philadelphia Federal Reserve Bank President Patrick Harker on Monday said he would be open to raising interest rates again at the U.S. central bank’s March meeting if growth in jobs and wages continues. “I still am supportive of three rate hikes this year, of course with a major caveat, depending on how the economy evolves and policy, fiscal policy, evolves,” Harker told reporters after a speech on the regulation of fintech firms.”