Banks increase lending for third straight week
Total bank lending rose by $4.6 billion to $12.1 trillion in the week ending May 31, the Federal Reserve said Friday.
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Currencies News
Fed might hike interest rates again in June instead of a ‘skip,’ some economists think
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.
U.S. consumer-credit growth accelerates in April to fastest pace in five months
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.
Turkish lira sinks to fresh low after report state lenders stop defending currency
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...
Watch the U.S. dollar. Will Fed follow suit after Australia’s surprise rate hike?
Sometimes a pause is just a pause.
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More Currencies News
April U.S. factory orders rise for fourth gain in five months
Orders for manufactured goods rose 0.4% in April, the Commerce Department said Monday.
Debt-ceiling worries fade. Can the U.S. dollar keep its rebound alive?
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.
MarketWatch interview: Fed’s Harker says skipping June rate hike is returning to normalcy
"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.
Fed’s Harker wants to ‘skip’ a rate hike in June
Philadelphia Federal Reserve President Patrick Harker said Wednesday that he thinks the Fed should skip an interest rate increase at the June meeting.
Asian markets mostly higher after Biden, McCarthy reach deal to avoid U.S. default
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.
‘Don’t kiss your dollars goodbye just yet’: IMF chief sees U.S. dollar remaining global reserve currency
The head of the International Monetary Fund isn't ready to write off the dollar's role as a global reserve currency --- and thinks the U.S. will avert default.
Want to place a bet on a U.S. default? You may be able to cash in with the dollar.
The dollar has defied the threat of a historic U.S. default and climbed in recent weeks at the most rapid pace since February.
Japanese stocks are at a 33-year high. Buffett is buying in. But the rally may be just a function of a weak yen, one analyst says.
The rally that propelled Japanese stocks to the highest level in nearly 33 years is a direct result of renewed weakness in Japanese yen, said a strategist at RBC Capital Markets.
‘Several’ Fed officials said more rate hikes may not be needed and other key takeaways from May minutes
Several Fed officials at the May meeting said that further interest rate hikes may not be needed, minutes of the meeting released Wednesday showed.
How will the Fed react to the debt ceiling breach? Here are some plays in the playbook.
What is the script the Federal Reserve will follow if the debt ceiling is breached? Here are some educated guesses.
It’s important for Fed to keep its options open at June meeting, Daly says
San Francisco Fed President Mary Daly said Monday it was important for the Fed to keep an open mind when it meets in mid-June.
Fed’s Bullard backs two more interest-rate hikes
St. Louis Fed President James Bullard on Monday said he would like to see two more 25-basis-point rate hikes this year.
Fed’s Powell says progress on bringing down inflation will be slow
Fed Chairman Jerome Powell said Friday that economic data so far confirms the central bank's view that future progress on bringing down inflation will be slow.
Fed’s Williams says there is no evidence the era of very low ‘natural’ rates of interest has ended
New York Fed President John Williams on Friday said there is no evidence that the era of very low natural rates of interest has ended.
If the Fed cuts interest rates during a recession, it would be ‘the worst of all possible worlds’
The financial market thinks the Fed will come to the rescue and cut rates if there is a recession, but many economists say this view is misguided.
Fed’s Logan leans against pause in interest-rate hikes, while Jefferson backs a wait-and-see approach
Two fed officials, speaking separately Thursday, demonstrated the debate that is raging ahead of the June meeting.
Fed’s Barkin says he’s tracking data and will decide later on June interest rate pause or hike
Richmond Fed President Thomas Barkin said Tuesday he welcomes the option to either pause or hike interest rates at the June meeting.
A potential U.S. debt-ceiling suspension may present an upside risk for dollar, says BNP Paribas
The looming U.S. debt-ceiling crisis has taken center stage in the U.S. financial markets as investors are holding out for an update on plans to resolve a three-month standoff and avoid a default on U.S. Treasury debt.
New York Fed’s Empire State factory gauge plummets deep into negative territory
The New York Fed’s Empire State business-conditions index plunged 42.6 points in May to negative 31.8, the regional Fed bank said Monday.
Fed’s Bostic says best interest-rate policy is to ‘wait and see’
Atlanta Fed President Raphael Bostic said Monday that it would be appropriate for the central bank to pause interest-rate hikes at its June meeting.
