Please ensure Javascript is enabled for purposes of website accessibility

Tag Archives: federal reserve bank

T. Rowe’s Stromberg: Still hope for Trump’s goals after uncertain first 100 days (access required)

President Donald Trump has not had much of an effect on the financial markets so far, T. Rowe Price’s CEO said Tuesday. “I don’t think there’s been a lot of impact,” William J. Stromberg said after the Baltimore-based money manager ...

Read More »

Fed in no hurry to raise rates

The Federal Reserve reiterated Wednesday that it will be “patient” in raising interest rates from record lows even as the U.S. economy moves steadily closer to full health. The Fed signaled in a statement after its latest policy meeting that ...

Read More »

Fed sets record for payment to U.S.

(AP) The Federal Reserve announced Friday that it paid the federal government a record $98.7 billion in 2014, a payment that reflects the central bank’s earnings from holdings of Treasury bonds and mortgage-backed securities purchased to keep long-term interest rates ...

Read More »

Richmond Fed chief optimistic on growth (access required)

(AP) The president of the Federal Reserve Bank of Richmond says recent growth in the U.S. economy is likely to continue. Jeffrey Lacker provided an economic outlook to a joint Virginia Bankers Association and Virginia Chamber of Commerce event in ...

Read More »

Fed likely to back low-rate policies despite gains

WASHINGTON – The U.S. economy is strengthening on the fuel of more job growth, rising home prices and solid retail sales. Just don’t expect the Federal Reserve to let up in its drive to keep stimulating the economy with record-low ...

Read More »

Weak job growth makes bold Fed action more likely

WASHINGTON — U.S. employers added 96,000 jobs in August, a tepid figure that points to the economy’s persistent weakness and slowing prospects for the unemployed. The unemployment rate fell to 8.1 percent from 8.3 percent in July. But that was ...

Read More »

Consumer borrowing rises, but credit card debt down

WASHINGTON — Americans cut back on credit card use in June, a sign that high unemployment and slow growth have made some more cautious about spending. Still, total consumer borrowing increased as many kept taking out loans to buy cars ...

Read More »

U.S. unemployment aid applications rise to 365,000

WASHINGTON (AP) — The number of people seeking U.S. unemployment benefits rose last week, though the data was likely skewed higher by seasonal factors. Weekly applications increased by 8,000 to a seasonally adjusted 365,000, the Labor Department said Thursday. The ...

Read More »