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Economists are slashing 4th-quarter GDP forecasts — citing poor holiday sales and warm winter weather
Bank of America, JPMorgan, and the Federal Reserve Bank of Atlanta pulled fourth-quarter GDP estimates lower following soft December retail figures.
Former Fed Chair Janet Yellen says it’s OK for the US to add to its $23 trillion debt pile — as long as it’s used to pay for climate...
Yellen says that low interest rates make it cheaper to borrow and pay for ambitious spending programs right now.
"When you look at the geopolitical strife, how many foreign entities really want to hold dollars?" Bridgewater co-chief Greg Jensen told the Financial Times.
The Fed's market repurchase agreement, or repo, operations drove costs higher as the bank added billions of dollars to the US financial system.
A standing repo facility would let borrowers convert securities into cash reserves whenever they see fit, instead of relying on scheduled offerings.
The US has in the past been relatively reluctant to incorporate climate change into monetary policymaking.
Central bank chiefs in Dallas, Minneapolis, Philadelphia and Cleveland will help determine interest rates in 2020. Here’s where they stand ahead...
The leaders of four regional central banks will get FOMC votes in 2020 as part of a routine rotation that takes place each year.
Federal Reserve officials saw fewer risks to the economy at the end of 2019 and predicted there would be no need to adjust interest rates this year.
The findings come as the US manufacturing sector remains mired in recession and a separate report says 2019 brought the most job cuts in four years.
Banks fail to match the Fed’s latest repo operation, showing weaker demand for the capital injections
The waning demand comes after the Fed boosted its repos for the December 31 to January 2 period, lifting the limit to $150 billion from $120 billion.