Fed OKs Rollbacks of Post-Crisis Banking Rules
The Board of Governors voted 4-1 in favor of the changes, with the dissenter saying they would weaken core safeguards.
Fed to Buy Treasuries to Ease Funding Strains
The Fed's move to grow its balance sheet comes after last month's “unexpectedly intense volatility” in the funding markets.
Fed to Cut Rates Again This Year, S&P Predicts
Another cut in December is "contingent upon an escalation in trade tensions, further weakness in global growth, and increased geopolitical tensions."
Fed Ready for More Funding Markets Interventions
“For the foreseeable future, we’re going to be looking at doing the sorts of things we did the last two days," Fed Chair Jerome Powell says.
Fed Repurchases Debt Amid Overnight Rate Jump
The repo operation, the Fed's first since the Great Recession, came after the benchmark federal funds rate rose to the top of its target range.
U.S. Consumer Spending Surges 0.6% in July
“The consumer is still very sturdy and providing fundamental strength to the overall economy,” an economist says.
Powell Says Fed Grappling With Trade Uncertainty
“There are no recent precedents to guide any policy response to the current situation," the Federal Reserve chairman warns.
Banks Tend to See a Bright 12 Months Coming
They're particularly cheerful about the outlook for funding costs, given the recent cut in interest rates.
Retail Sales Jump Counters Recession Fears
Sales increased 0.7% in July, "a reassuring sign for a U.S. economy that’s facing mounting hurdles."
Core CPI Rises 0.3% for Second Straight Month
The July inflation readings reduce "the chances that the U.S. central bank would cut rates by half a percentage point" in September.
Fed Unveils Plan for Real-Time Payments System
The central bank will develop the FedNow service itself rather than defer to the private sector.