Tag: Federal Reserve

October 12, 2020

The South Dakota-based bank was found to have “deficiencies” in enterprise-wide and compliance risk management, as well as its data governance and internal controls. As well as paying a hefty fine to the US Treasury, Citi will also have to […]

September 11, 2020

Sheila Clark, the Fed’s programme director for its diversity office, says submissions of diversity policy and practice assessments had “slightly increased” over the past two years. But in a congressional testimony published ahead of a hearing on Tuesday, the Fed […]

September 2, 2020

Long-dated U.S. Treasury yields fell on Wednesday as investors fretted over the fragility of the U.S. economic recovery which has led investors to expect the Federal Reserve will keep interest rates at rock-bottom for an extended period. What are Treasurys […]

August 27, 2020

Gold futures moved lower Thursday in volatile trading that saw prices move in either direction by as much as 2%. Federal Reserve Chairman Jerome Powell announced changes to the central bank’s policy framework in a speech at the Jackson Hole […]

August 20, 2020

U.S. stocks opened modestly lower on Thursday after a weekly jobless benefit claims report suggested the recovery in employment was flagging. After the S&P 500 index achieved its record close earlier this week, investors have become more angst-ridden about pricey […]

August 19, 2020

Gold prices fell on Wednesday as the U.S. dollar halted its skid and as commodity investors watch for minutes from the Federal Reserve’s July policy meeting, which could provide further insights on the central banker’s outlook for the U.S. and […]

August 19, 2020

Federal Open Market Committee members expressed concern at their latest meeting over the future of the economy, saying that the coronavirus likely would continue to stunt growth and potentially pose dangers to the financial system. At the July 28-29 session, […]

August 4, 2020

The U.S. economy, battered by a resurgence in the spread of COVID-19, needs increased government spending to tide over households and businesses and broader use of masks to better control the virus, U.S. central bankers said on Monday. The calls […]

July 28, 2020

U.S. Treasury yields held steady on early Tuesday’s trade as traders waited for the Federal Reserve to begin its two-day meeting, where the central bank may offer clues on how monetary policy might evolve in the coming months. What are […]

July 14, 2020

U.S. consumer prices increased by the most in nearly eight years in June as businesses reopened, but the underlying trend suggested inflation would remain muted and allow the Federal Reserve to keep injecting money into the ailing economy. The Labor […]

July 2, 2020

St. Louis Federal Reserve Bank President James Bullard has warned that a growing number of bankruptcies due to the coronavirus outbreak could lead to a financial crisis, the Financial Times reported. “Without more granular risk management on the part of […]

June 30, 2020

U.S. stock-index futures were sliding lower early Tuesday as investors awaited a congressional hearing featuring Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin that could provide more investor guidance about the government’s economic response to rising coronavirus cases. […]

June 29, 2020

Banks’ dividends could be at risk. Banking stocks tumbled Friday after the Federal Reserve highlighted potential vulnerabilities in the sector. The central bank suspended buybacks and capped dividends on financial institutions through the third quarter after its recent stress tests. […]

June 16, 2020

The credit market, which seized up during the start of the coronavirus turmoil in the financial markets, is now one of the few things equity investors can take solace in as volatility returns. As scary as the stock market’s wild […]

June 11, 2020

The debt burden on the U.S. economy surged in the first quarter as the coronavirus pandemic struck, according to a report from the Federal Reserve released Thursday. Total domestic nonfinancial debt rose at a seasonally adjusted annual rate of 11.7% […]

May 29, 2020

Businesses across the country surveyed by the Federal Reserve don’t appear to share the Trump administration’s optimism about a rapid economic recovery starting this summer. The Federal Reserve released a report Wednesday that draws on business contacts from the central […]

May 18, 2020

U.S. Treasury yields rose Monday, following global equity markets higher, after Federal Reserve Chairman Jerome Powell said the central bank still had tools to fight the recession. Reports of early success from an experimental coronavirus vaccine also added to selling […]

May 13, 2020

Even as it has pulled out all the policy stops during the coronavirus crisis, Federal Reserve Chairman Jerome Powell said one area it won’t be going is negative interest rates. “I know there are fans of the policy, but for […]

May 12, 2020

The Federal Reserve will be starting its long-awaited corporate bond program Tuesday amid a boom in debt issuance. The central bank will kick off its Secondary Market Corporate Credit Facility, which is part of a history-making initiative in which it […]

April 9, 2020

“This funding will assist households and employers of all sizes and bolster the ability of state and local governments to deliver critical services during the coronavirus pandemic,” the Fed said in a statement. Through its ‘Main Street’ lending facility, the […]