Goldman Sachs (NYSE:GS) has lodged an appeal with the U.S. Federal Reserve challenging the regulator’s most recent “stress test”, which is set to force the bank to hold a greater amount of capital, the Financial Times reported on Sunday, citing people familiar with the matter. The Fed’s stress test determinesContinue Reading
Mesut Dogan/iStock via Getty Images St. Louis Fed President Alberto Musalem said Thursday that June’s cooler-than-forecast Consumer Price Index report points to “encouraging further progress” on the disinflation front. Earlier, the Bureau of Labor Statistics posted its monthly update on the widely-watched CPI, which delivered encouraging news to the FederalContinue Reading
Bonnie Cash/Getty Images News The commercial property sector will likely remain stressed for years, Federal Reserve Chair Jerome Powell told the Senate Banking Committee on the first day of his semi-annual testimony to Congress. “It is a risk that has been with us and will be with us for someContinue Reading
manassanant pamai “More expansive inclusion opportunities improve the financial well-being of both consumers and small businesses, thereby contributing to overall economic growth,” Federal Reserve Governor Michelle Bowman said on Tuesday at the Fed’s Financial Inclusion Practices and Innovation Conference in Washington, DC. The ability of small businesses to access financialContinue Reading
ablokhin John Williams, president of New York Federal Reserve Bank, said more time was needed for the central bank to reach its 2% inflation goal, even as significant progress has been made in bringing the rate down to around 2.5%. “We still have a way to go to reach ourContinue Reading
Chicago Federal Reserve President Austan Goolsbee said policymakers should cut interest rates if U.S. inflation continues to fall back to the 2% target, reported Bloomberg News on Tuesday. According to the report, Goolsbee, while speaking on Bloomberg TV in Sintra, Portugal, said he feels “we are on a path toContinue Reading
fstockfoto Friday’s inflation data suggests that monetary policy is having the desired effect; however, it remains too soon to determine whether reducing borrowing costs is appropriate, said Federal Reserve Bank of San Francisco President Mary Daly. Speaking to CNBC, Daly noted that growth, spending, inflation, and labor all are slowing.Continue Reading
Darren415 When the U.S. Department of Commerce releases its personal income and outlays report for May on Friday, most eyes will be trained on the inflation data it contains. Specifically, the core personal consumption expenditures index will provide further evidence on whether the lack of progress in lowering inflation earlierContinue Reading
Grandbrothers/iStock Editorial via Getty Images Chicago Federal Reserve President Austan Goolsbee said evidence that inflation continues to cool alongside more signs of economic softening should set up the central bank to reconsider if monetary policy is too tight. Goolsbee expressed that view Monday in a CNBC interview. Earlier this month,Continue Reading
