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The Australian dollar initially tried to rally during the trading session on Thursday to break above the 50-Day EMA, only to turn around and show signs of negativity. Ultimately, ...
Hiring likely continued at a brisk pace in April as investors look for any cracks in the labor market that could sway the Federal Reserve. Nonfarm payrolls are expected to show a ...
In March 2024, the euro area seasonally-adjusted unemployment rate was 6.5%, stable compared with February 2024 and down from 6.6% in March 2023. The EU unemployment rate was 6.0% ...
Total nonfarm payroll employment increased by 175,000 in April, and the unemployment rate changed little at 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Job ...
A former Societe Generale trader who was fired for unauthorized risky bets has lambasted the French bank for making him a “scapegoat” and failing to take its share of ...
I would like to thank the Massachusetts Bankers Association for the invitation to meet with you today.1 One of the most enjoyable and informative aspects of my role is the time I spend with bankers, listening to issues that are important to you and that affect you and your customers. Banks play a key role in supporting economic growth and lending to serve their customers and communities, which is an indispensable role in the U.S. economy. Conversations such as ours today help inform my work at the Federal Reserve Board—for my understanding of both the broader U.S. economy and the banking regulatory and supervisory environment. Before our conversation, I would like to briefly touch on the economy and monetary policy. Over the past two years, the Federal Open Market Committee (FOMC) has significantly tightened the stance of monetary policy to address high inflation. At our meeting earlier this week, the FOMC voted to continue to hold the federal funds rate target range at 5-1/4 to 5‑1/2 percent and to continue to reduce the Federal Reserve's securities holdings. post: <=USD>:*BOWMAN: STILL SEE A NUMBER OF UPSIDE INFLATION RISKS *BOWMAN: STILL EXPECT INFLATION WILL FALL WITH RATES HELD STEADY *BOWMAN: DATA SUGGESTS LOWER INFLATION IN LATE '23 WAS TEMPORARY *BOWMAN: WILL MONITOR DATA TO SEE IF SUFFICIENTLY RESTRICTIVE post: Fed’s Bowman Says She Will Remain Cautious in Her Approach to Deciding Future Changes to Policy Stance Fed’s Bowman: Recent Inflation Pickup Evident Across Many Goods and Service Categories Fed’s Bowman Expects Inflation to Remain Elevated for Some Time post: FED'S BOWMAN: THERE IS ALSO RISK OF LOOSENING FINANCIAL CONDITIONS, FISCAL STIMULUS COULD JUICE DEMAND, STALLING AND EVEN REVERSING INFLATION PROGRESS. post: FED'S BOWMAN: THE RISK IS HIGH, THAT CONSUMER DEMAND, MORE IMMIGRATION AND TIGHT LABOR MARKET COULD LEAD TO PERSISTENTLY HIGH CORE SERVICES INFLATION.