Federal Reserve

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Stanley Fischer

Although the first quarter of the year was “poor,” an economic rebound is already underway in the U.S., according to Federal Reserve Vice Chair Stanley Fischer. The central banker acknowledged in a Thursday interview that most expect the Fed to raise interest rates sometime this year, but he attempted to assure markets that such a …

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Every year, the Federal Reserve takes it upon itself to conduct stress tests of the nation’s biggest banks, measuring them for how well they would hold up under the weight of another crisis the likes of which engulfed the financial system in 2008 and 2009. The results purport to give a clear picture of the …

A divided Federal Reserve

The Federal Reserve released the minutes of its March meeting and it turns out Fed officials were split on when to raise interest rates.

Andrew Harrer | Bloomberg | Getty Images
William C. Dudley, the Federal Reserve Bank of New York

Whether or not March’s jobs report points to a substantial slowdown of the U.S. economy is still unclear, William Dudley, president of the New York Federal Reserve, said Monday. Dudley made his remarks after the U.S. economy added 126,000 jobs last month, well-below economists’ expectations of about 250,000. Nevertheless, Dudley also said the U.S. economy faces …

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Atlanta Fed President Dennis Lockhart, a centrist, said Thursday he would increase interest rates midyear or even later—as the economy throws off “mixed signals” at the moment. Economic growth in the first quarter looks “very soft,” he told CNBC—held back by the harsh winter weather in February and the fluctuations in oil prices. He did, …

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A market that just a week ago worried that the Federal Reserve would begin raising rates too soon is now entertaining a very different set of possibilities. The most extreme among them: Speculation over a chance, however remote, that the Fed may not only tighten later and slower than expected, but may choose to employ …

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The Federal Reserve fired its first warning shot Wednesday that it is going to start hiking interest rates–sometime. As the global investment community focused its attention on the U.S. central bank, the Fed Open Market Committee lived up to expectations: It dropped the word “patient” from its post-meeting statement, an indication, subtle though it may …

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The Federal Reserve building

The Federal Reserve System—or the “Fed” as it’s known—arguably plays the most crucial role in the U.S. economy. Yet most people have little idea how the Fed works, what it actually does and why its decisions have so much impact. Here are the details. What is the Federal Reserve? The Fed is the gatekeeper of …

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A trader works on the floor of the New York Stock Exchange.

U.S. stocks opened lower on Wednesday as investors awaited signals on the timing of an interest rate hike from the Fed statement and press conference expected in the afternoon. “Everything all comes to a crescendo today at 2 o’clock,” said Art Hogan, chief market strategist at Wunderlich Securities. “This is probably the most anticipated word …

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U.S. stocks traded lower on Tuesday as investors focused on the Federal Open Market Committee’s two-day meeting, which could shed light on the timing of an interest rate hike. “Today really is a bit of a waiting game. A lot of the trade today will be related to (options) expiration” on Friday, said JJ Kinahan, …

All eyes on the Fed

It’s a big week for the Federal Reserve. Will the central bank tweak the language in its statement laying the groundwork for interest rate hikes?

Rebecca Cook | Reuters
A worker at the Ford Rouge Center in Dearborn, Michigan.

Much of Wall Street had been looking for the U.S. economy this year to exceed 3 percent annualized growth for the first time since the Great Recession. One Federal Reserve indicator, though, shows that assumption could be in serious jeopardy. The Atlanta Fed each week publishes a rolling update of its gross domestic product projection …

Could strong dollar force Fed to stall rate hike?

Steve Liesman explains the link between the strong dollar and the Federal Reserve’s decision to start hiking interest rates.

Scott Mlyn | CNBC
A "now hiring" sign in the window of a Subway restaurant in Sarasota, Fla.

After February’s surprisingly strong jobs report, the Fed is now even more likely to send a strong signal at its March meeting that a rate hike is near, and more traders are now speculating on the first move in June. But a number of economists say the central bank is still likely to hold off …

U.S. economy remains resilient

The Federal Reserve says the U.S. economy is continuing to expand across most of the country.