News

‘Rates Will Be a Lot Lower’ in 12-18 Months, Fed’s Goolsbee Says

(Bloomberg) -- Federal Reserve Bank of Chicago Austan Goolsbee said as long as inflation continues down toward the central bank’s 2% goal, interest rates will be “a lot” lower over the next 12-18 months. Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion and EmissionsBut Goolsbee agreed

Fed's Collins says tech changes can improve financial system

Federal Reserve Bank of Boston President Susan Collins said Friday the U.S. central bank needs to keep a close watch on technological developments in the financial system. “We must all be attuned to the very real risks and challenges” resulting from technical innovations, Collins said in the text of a speech for an event at her bank. “The optimist sees potential for a virtuous cycle, with the financial system benefiting from technological advances enabled by innovations, and adapting to changes in the economy – while a more efficient financial system, in turn, can boost economic growth,” she said.

Citadel Securities’ Inflation Head Says Tariffs No Worry for Fed

(Bloomberg) -- Citadel Securities’ Durham Abric says the Federal Reserve’s interest-rate path probably will be uninterrupted by the incoming Trump administration’s protectionist posture.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion and Emissions“The Fed is likely to look past the i

Morning Bid: Fed draws veil over post-election easing

Faced with another monthly round of stubborn inflation and uncertainty about fiscal, tariff and immigration policy ahead, the Federal Reserve is getting cagier about the extent of further policy easing. Fed boss Jerome Powell didn't give much away in a keenly-watched set-piece speech on Thursday, but made it clear that the central bank still sees a robust economy and has a lot of new information to take on board in deciding just how much further it should lower interest rates. "The economy is not sending any signals that we need to be in a hurry to lower rates," Powell said at a Dallas Fed event.

Treasuries Trim Weekly Loss With Focus on Data and Fed Speakers

(Bloomberg) -- Treasuries edged higher, paring their weekly decline as traders turned their focus from Donald Trump’s US election victory to the latest economic data prints and Federal Reserve speakers. Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion and EmissionsThe yield on the 10-

Boston Fed president says December rate cut not a 'done deal', WSJ reports

Federal Reserve Bank of Boston President Susan Collins said in an interview with the Wall Street Journal that another rate cut in December is on the table, but it is not a "done deal". "There's more data that we will see between now and December, and we'll have to continue to weigh what makes sense," Collins was quoted as saying in remarks made on Thursday. "I don't see an argument for maintaining restrictive policy when there is not evidence of new price pressures, and the old dynamics are perhaps unevenly and gradually resolving over time."