Tag: Federal Reserve

A customer exits Silicon Valley Bank's headquarters in Santa Clara, Calif., on Monday, March 13, 2023. The federal government intervened Sunday to secure funds for depositors to withdraw from Silicon Valley Bank after the bank's collapse. Dozens of individuals waited in line outside the bank to withdraw funds.

SVB collapse: Fed says it failed to ‘take forceful enough action’

Zach Halaschak · April 28, 2023 4:06 pm

In this Thursday, March 27, 2014 photo, Christopher Quinones re-stocks cream cheese on a shelf at the Whole Foods Market in Woodmere Village, Ohio. The Labor Department releases Consumer Price Index for April on Thursday, May 15, 2014. (AP Photo/Tony Dejak)

Inflation fell to 4.2% in March, according to key gauge watched by Fed

Zach Halaschak · April 28, 2023 12:32 pm

FILE - In this Thursday, Oct. 10, 2013, file photo, employees at Sheffield Platers Inc. work on the factory floor in San Diego. The Institute for Supply Management issues its U.S. manufacturing index for November on Monday, Dec. 2, 2013. (AP Photo/Lenny Ignelzi, File)

Economy grew by 1.1% in first quarter of 2023 despite rising rates

Zach Halaschak · April 27, 2023 12:32 pm

Treasury Secretary Janet Yellen speaks on the U.S.-China economic relationship at Johns Hopkins University School of Advanced International Studies, Thursday, April 20, 2023, in Washington.

Yellen and regulators propose tighter oversight over nonbank financial firms

Zach Halaschak · April 21, 2023 4:56 pm

Fed faces fire on multiple fronts

Emma Loop · April 21, 2023 3:22 am

Applicants line up at a job fair at the Ocean Casino Resort in Atlantic City N.J., on April 11, 2022. Applications for jobless aid for the week ending July 9 rose by 9,000 to 244,000, up from the previous week's 235,000, the Labor Department reported Thursday, July 14, 2022. First-time applications generally reflect layoffs. Analysts had expected the number to remain flat from the previous week.

Jobless claims rise as labor market starts to cool

Zach Halaschak · April 20, 2023 8:31 am

White House press secretary Karine Jean-Pierre speaks during a press briefing at the White House, Thursday, April 6, 2023, in Washington.

White House pushes back on Fed staff’s recession prediction

Zach Halaschak · April 13, 2023 3:00 pm

FILE-In this Wednesday, May 9, 2012, file photo, David Lee holds on to his carts while shopping at a Costco Wholesale in Portland, Ore. A steep drop in gasoline costs drove down a measure of U.S. wholesale prices in May by the most since July 2009. But outside the food and energy categories, prices increased moderately. (AP Photo/Rick Bowmer, File)

Inflation plummets to 2.7% in March in producer price index

Zach Halaschak · April 13, 2023 12:31 pm

FILE - In this Friday, July 12, 2013, file photo, shoppers peruse the aisles at a Wal-Mart in Bristol, Pa. Americans increased their spending at an annual rate of just 1.8 percent in the April-June quarter, down from a 2.3 percent rate in the January-March period. Consumer spending is expected to improve in the second half of the year. But most economists foresee only a slight acceleration to an annual rate of 2 percent to 2.5 percent. (AP Photo/Matt Rourke, File)

Why the drop in March inflation isn’t quite the ‘progress’ touted by Biden

Joseph Lawler · April 12, 2023 7:50 pm

Federal Reserve Chairman Jerome Powell speaks during a news conference at the Federal Reserve Board building in Washington, Wednesday, July 27, 2022.

Fed staff predicts recession this year

Zach Halaschak · April 12, 2023 5:03 pm

Inflation dropped to 5% in year ending in March, lowest since spring 2021

Joseph Lawler · April 12, 2023 12:31 pm

Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve, Wednesday, March 22, 2023, in Washington.

March jobs report raises the risk of a major mistake by the Federal Reserve

Zach Halaschak · April 7, 2023 4:16 pm