interest rates Archives - CFO

Fed Minutes Show Heightened Inflation Concerns

Fed Minutes Show Heightened Inflation Concerns

"It may become warranted to increase the federal funds rate sooner or at a faster pace than participants had earlier anticipated.”

By Matthew Heller | January 6, 2022

Fed Shifts Toward Rate Hikes Next Year

Fed Shifts Toward Rate Hikes Next Year

The Fed's decision to speed up the tapering of its massive bond-buying program "says something about [its] desire to raise rates."

By Matthew Heller | December 16, 2021

Inflation Surge Adds to Pressure on Fed

Inflation Surge Adds to Pressure on Fed

The Federal Reserve's preferred inflation metric rose 4.1% in October, the biggest jump since January 1991.

By Matthew Heller | November 24, 2021

Fed Signals Bond-Buying Taper Coming Soon

Fed Signals Bond-Buying Taper Coming Soon

The Fed's monthly purchases of government-backed bonds to prop up the economy "still have a use, but it’s time for us to begin to taper them."

By Matthew Heller | September 23, 2021

IMF Says Price Pressures Could Be ‘More Persistent’

IMF Says Price Pressures Could Be ‘More Persistent’

"Uncertainty remains high" and "central banks may need to take preemptive action," the Fund warns in its latest World Economic Outlook.

By Matthew Heller | July 28, 2021

ECB Keeps Interest Rates Unchanged in Eurozone

ECB Keeps Interest Rates Unchanged in Eurozone

"The pandemic continues to cast a shadow, especially as the Delta variant constitutes a growing source of uncertainty."

By Matthew Heller | July 23, 2021

U.S. Consumer Prices Increase 5.4% in June

U.S. Consumer Prices Increase 5.4% in June

"June’s big inflation number will ramp up scrutiny of price-related data as policymakers assess whether the economy is at greater risk of overheating."

By Matthew Heller | July 13, 2021

Fed Says Economy Not at Risk From Inflation Surge

Fed Says Economy Not at Risk From Inflation Surge

It is still "appropriate to maintain" near-zero interest rates even though inflation "has increased notably this spring."

By Matthew Heller | July 12, 2021

Fed Officials See Inflation Surge Lasting Longer

Fed Officials See Inflation Surge Lasting Longer

"Temporary is going to be a little longer than we expected initially ... Rather than it being two to three months it may be six to nine months."

By Matthew Heller | June 23, 2021

Fed Maintains Interest Rates, Forecasts 2023 Rate Hike

Fed Maintains Interest Rates, Forecasts 2023 Rate Hike

The Fed also reassured investors it will continue its asset purchase program while the U.S. recovers from the pandemic.

By Lauren Muskett | June 16, 2021

U.S. Consumer Prices Surge 4.2% in April

U.S. Consumer Prices Surge 4.2% in April

The largest gain in the CPI in nearly 12 years reflects in part the comparison to extremely weak inflation a year ago amid pandemic lockdowns.

By Matthew Heller | May 12, 2021

U.S. Budget Gap Jumps to $660B in March

U.S. Budget Gap Jumps to $660B in March

Spending on coronavirus relief has "sent the federal debt soaring to levels not seen since the end of World War II as a proportion of the economy."

By Matthew Heller | April 13, 2021

Fed Holds Line on Rates Despite Rising Prices

Fed Holds Line on Rates Despite Rising Prices

The central bank expects to maintain ultralow rates until “inflation has risen to 2 percent and is on track to moderately exceed 2 percent for some time.”

By Matthew Heller | March 17, 2021

Bank Profits Rise 9% to $59.9B in 4th Quarter

Financial Performance

Bank Profits Rise 9% to $59.9B in 4th Quarter

“Banks remained resilient in fourth quarter 2020, consistent with the improving economic outlook,” the FDIC says.

By Matthew Heller | February 23, 2021

Low Rates, Fewer Loans Cut BofA’s 4Q Profits

Credit & Capital

Low Rates, Fewer Loans Cut BofA’s 4Q Profits

Bank of America's results were helped by an $828 million release from its reserves for expected loan losses.

By Matthew Heller | January 19, 2021

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