Government, Business

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.

Catarina Saraiva | Bloomberg News
November 12, 2024
Government, Business

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.

Catarina Saraiva | Bloomberg News
February 9, 2021
Government, Business

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.

Catarina Saraiva | Bloomberg News
December 2, 2020
Government, Business

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.

Catarina Saraiva | Bloomberg News
September 16, 2020
Government, Business

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.

Catarina Saraiva | Bloomberg News
July 15, 2020
Government, Business

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.

Catarina Saraiva | Bloomberg News
August 8, 2019
Business

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.

Catarina Saraiva | Bloomberg News
October 9, 2015