Will the Federal Reserve Cut Interest Rates Below 0% This Week?
“Terrifyingly high unemployment and potentially rapid disinflation are powerful arguments in favor."
Fed Cuts Interest Rates in Emergency Virus Move
“We saw a risk to the outlook of the economy [from the coronavirus outbreak] and we chose to act," Fed Chair Jerome Powell says.
U.S. Consumer Spending Increases 0.2% in January
“Consumers shielded the economy from global headwinds for most of 2019 but they won’t prove immune to the coronavirus outbreak."
NY Regulator Seeks Banks’ Libor Transition Plans
Inadequate preparation for the transition "could have an adverse impact on the safety and soundness of regulated institutions."
U.S. Consumer Prices Hit Highest Level in a Year
The CPI rose 2.1% in November on a year-on-year basis but the Fed "doesn’t expect inflation to sharply exceed its 2% goal anytime soon."
BIS Spotlights Role of Large Banks in Repo Shock
The banks' diminished ability to supply funding at short notice could have "amplified the repo rate reaction" in September, a report says.
U.S. Job Growth Shatters November Forecasts
The 266,000 jobs gain shows the labor market "is continuing to provide the key foundation for the U.S. economy.”
U.S. Producer Prices Post Biggest Gain in 6 Months
"Inflation needs to accelerate noticeably for the Fed to consider raising interest rates, and that doesn’t appear to be in the cards."
Fed Cuts Interest Rates Again in ‘Insurance’ Move
“We took this step to help keep the economy strong in the face of global developments and to provide some insurance against ongoing risks."
Wells Fargo Profit Falls on Lower Interest Rates
The bank's CFO pointed to loan and deposit growth in the third quarter as evidence of strong fundamentals.
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."