Fed’s Kashkari Says Only Inflation Could Derail December Cut
Federal Reserve Bank of Minneapolis President Neel Kashkari said he’ll be looking at incoming inflation data to determine whether another interest-rate cut is appropriate in December.
Main Street Lending Program Spent Only 3% of Total
The Federal Reserve’s Main Street Lending Program, which was designed to provide emergency support to midsize U.S. companies during the pandemic, lent out a total $17.5 billion — or just 3% of its potential capacity — according to data released Feb. 9 by the central bank.
Fed Sees Moderate Growth With Virus Causing Slowdowns
The U.S. economic recovery remained moderate across much of the country, and showed signs of a slowdown in areas where coronavirus cases are particularly high, according to a Federal Reserve report.
Fed Signals Rates Will Stay Near Zero for at Least Three Years
The Federal Reserve left interest rates near zero and signaled it would hold them there through at least 2023 to help the U.S. economy recover from the coronavirus pandemic.
Fed Survey Shows Tepid Recovery in Early July
Optimism about a nascent recovery in the U.S. economy was dampened by increased uncertainty over the path of the coronavirus, according to a new report from the Federal Reserve.
Chance of US Recession Rises to 35% Among Economists Surveyed
The likelihood of a U.S. recession in the next 12 months rose to 35% in an August survey of economists, from 31% forecast previously, as global trade tensions fuel economic uncertainty.
A US Recession Just Got a Little More Likely
A delayed Federal Reserve rate hike, turmoil in global equity markets ... and now increased expectations for a downturn in the United States.