The job market held up in May. But the Fed may have already decided to pause
The US labor market picked up momentum in May, once again defying expectations of a slowdown. But Federal Reserve officials are still likely to suspend rate hikes in their upcoming policy meeting because of broader trends pointing to a weakened economy later in the year.
2023-06-03 04:15
Logs show Fed's Powell in whirlwind of meetings during March banking turmoil
Federal Reserve Chair Jerome Powell held a phone call with the head of UBS Group AG in the
2023-06-03 03:28
Fed Chair Powell to testify at US Senate June 22
Federal Reserve Chair Jerome Powell will testify at the U.S. Senate Banking Committee on June 22 at 10
2023-06-03 02:45
Hong Kong leads global market rally with best day in three months
Global stocks climbed Friday, led by a resurgent Hong Kong market, as investors greeted signs that the US Federal Reserve may hold off raising interest rates this month, the end of the US debt ceiling drama, and talk that China might unveil new measures to boost its faltering economic recovery.
2023-06-02 19:20
Fed's new projections may fill the void on interest rate guidance
By Howard Schneider WASHINGTON Federal Reserve officials, whose hike, skip or pause messaging on interest rates has become
2023-06-02 18:28
Fed should stop raising rates, at least in June -Harker
By Ann Saphir U.S. central bankers should not raise interest rates at their next meeting, Philadelphia Federal Reserve
2023-06-02 03:20
Fed orders Silvergate to complete wind-down while protecting depositors, preserving cash
WASHINGTON The U.S. Federal Reserve announced Thursday it was ordering Silvergate Bank to implement its previously announced plan
2023-06-01 23:25
Fed's Harker: Inclined to 'skip' a rate hike in June
Federal Reserve Bank of Philadelphia President Patrick Harker said on Wednesday that for the moment he is inclined
2023-06-01 02:57
Fed's Jefferson says skipping rate hike would not imply tightening over
By Howard Schneider WASHINGTON Any decision by the Federal Reserve to hold its benchmark overnight interest rate steady
2023-06-01 01:51
Fed's Mester says no 'compelling' reason to wait for fresh rate hike -FT
Federal Reserve Bank of Cleveland President Loretta Mester sees no "compelling" reason to wait to implement another interest
2023-05-31 12:46
FedEx says reached tentative deal with pilots of air delivery unit
FedEx Corp has reached a tentative agreement with pilots of its air delivery unit who had voted in
2023-05-31 09:29
Labor costs aren't driving up inflation: SF Fed paper
Rising U.S. labor costs are doing little to drive up inflation, researchers from the Federal Reserve Bank of San Francisco
2023-05-31 01:22