ECB Leaves Rates Unchanged, Hints at Easing
Amid "pervasive uncertainty" over trade, "the ECB and the U.S. Federal Reserve appear to have given up on plans to tighten [monetary] policy."
Sanders, AOC Call for Cap on Credit Card Rates
The high-profile lawmakers say a 15% cap is needed to protect consumers from the "economic brutality" of big banks.
Fed Resists Pressure for Interest Rate Cut
The Fed doesn't see "a strong case for moving [rates] in either direction" amid weak inflation and solid economic growth.
U.S. Consumer Spending Surges 0.9% in March
“The economy is in a sweet spot for now," with inflation pressures remaining too weak for the Fed to raise interest rates.
U.S. Housing Starts Fall to Near 2-Year Low
“Waiting for construction activity to pick up after a sharp drop in mortgage rates is like waiting for Godot."
BofA Sees Net Interest Income Growth Slowing
Interest rate expectations "have been lowered, plus we have some seasonal headwinds in Q2," CFO Paul Donofrio says.
Fed Cited Sluggish Growth for Patience on Rates
Policymakers still appear to have left themselves "some wiggle room” in determining monetary policy for the rest of 2019.
U.S. Consumer Prices Jump 0.4% in March
“The uptick in inflation, being largely driven by higher gas prices, is unlikely to worry investors or the Federal Reserve."
Trump Taps Former Pizza Exec Cain for Fed Seat
Fed veterans are concerned Trump is seeking to reshape the central bank with political loyalists Herman Cain and Stephen Moore.
U.S. Retail Sales Take Surprising Dip in February
The measure of consumer spending fell 0.2% after a 1.2% gain in January, signaling tepid economic growth for the first quarter.
4th Quarter Dealt a Heavy Blow To Pension Plans
Large companies saw three quarters of strong gains for their chronically underfunded plans almost wiped out by the late-year stock market nosedive.