Borrowing from a Federal Reserve emergency lending program rose to a fresh record, just before the central bank raised the facility’s interest rate to stop financial institutions from taking advantage and arbitraging on its attractive terms. Demand for the Bank Term Funding Program rose approximately $6.3 billion in the week through Wednesday, Jan. 24 to … Read more
With inflation falling, unemployment low and the Federal Reserve signaling it could soon begin cutting interest rates, forecasters are becoming increasingly optimistic that the U.S. economy could avoid a recession. Wells Fargo last week became the latest big bank to predict that the economy will achieve a soft landing, gently slowing rather than screeching to … Read more
RICHMOND, Virginia: U.S. Federal Reserve officials took little fresh signal from consumer price data published on Thursday as they gauge whether inflation is headed firmly enough back to the central bank’s 2% target to allow them to reduce interest rates in coming months. Overall consumer price inflation on a 12-month basis rose to 3.4% in … Read more
The coming 12 months are shaping up as the year of the interest-rate cut. After racing ahead with the most aggressive tightening campaign in decades during 2022 and 2023, central banks around the world are poised to begin easing monetary policy as inflation continues to retreat. The shift is captured by Bloomberg Economics, whose aggregate … Read more
It’s been 10 years since Colorado launched the first legal recreational marijuana market in the world and became a pioneer in drug reform. But when it came to the nascent industry, the first sales on Jan. 1, 2014, were more a starting block than a finish line. In the decade since legalization, Colorado has refined … Read more
Emerging-market bonds and currencies have powered ahead this month on optimism over the Federal Reserve’s pivot to interest-rate cuts. Falling oil prices are set to deliver a further boost. Brent crude’s slide of more than 20% from its September peak suggests inflation is set to slow even further in developing nations in coming months, which … Read more
The U.S. central bank left interest rates unchanged and indicated that rate cuts may be in store next year, very welcome news to the media business and across other industries as companies , and consumers, have been squeezed by higher borrowing costs. Rates started a steady climb last year as the Federal Reserve tried to … Read more
Washington: The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time, a sign that it is likely done raising rates after having imposed the fastest string of increases in four decades to fight painfully high inflation. The Fed’s policymakers also signaled that they expect to make three quarter-point cuts to … Read more
