Federal Reserve

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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 …

Andrew Harrer | Bloomberg | Getty Images
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.

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Federal Reserve Chair Janet Yellen lashed out at the culture in the nation’s biggest banks on Tuesday saying “there may be pervasive shortcomings in the values of large financial firms that might undermine their safety and soundness.” In a speech in New York City, Yellen, who as head of the Federal Reserve is the nation’s …

Kevin Lamarque | Reuters
Federal Reserve Chair Janet Yellen adjusts her glasses as she testifies at a Senate Banking, Housing and Urban Affairs Committee hearing on "Semiannual Monetary Policy Report to Congress" on Capitol Hill in Washington, February 24, 2015.

This is a breaking news article. Please check back for updates. At the height of the financial crisis in 2009, Janet Yellen told her colleagues things were so bad that people were literally breaking into piggy banks to get cash. The Federal Reserve chair, who headed the central bank’s San Francisco district at the time, …

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If investors learned anything from Fed Chair Janet Yellen’s testimony to Congress this week, it’s that the central bank is willing to wait for inflation to catch up to employment before hiking rates. It could be a long wait—longer, in fact, than many market participants anticipate. Language tweaks in Yellen’s semiannual appearance Tuesday and Wednesday …

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St. Louis Fed President James Bullard told CNBC on Thursday the word “patient” should come out of the policy statement in March to give options for raising interest rates this summer. “There’s too much focus about the first move,” he said. “It’s really the path of rates that matter.” Bullard, who’s generally hawkish, called possible …