Total bank lending rose by $4.6 billion to $12.1 trillion in the week ending May 31, the Federal Reserve said Friday.
Financial markets think the Fed is going to skip an interst rate hike at its June meeting and focus its attention on July, but some economists think the central bank will hike rates next week anyway.
Total consumer credit rose $23 billion in April, up slightly from an already firm $22.8 billion gain in the prior month, the Federal Reserve said Wednesday.
The Turkish lira sank to new lows against the U.S. dollar on Wednesday, as concerns mounted over challenges facing the country's new finance minister, and after a report that state lenders have stopped selling dollars to d...
Sometimes a pause is just a pause.
Orders for manufactured goods rose 0.4% in April, the Commerce Department said Monday.
As U.S. debt ceiling worries appear to calm down, traders are now shifting their focus back to the Federal Reserve to gauge the dollar's next move.
"I think we get back to where we used to be, which was making a change every other meeting," Philadelphia Fed President Patrick Harker said in an interview Wednesday.
Philadelphia Federal Reserve President Patrick Harker said Wednesday that he thinks the Fed should skip an interest rate increase at the June meeting.
Asian shares were mostly higher early Monday after President Joe Biden and House Speaker Kevin McCarthy reached a final agreement on a deal to raise the U.S. national debt ceiling.
These 4 valuation models give widely different estimates of how much the bellwether cryptocurrency is worth.