US inflation to remain high for months before falling US inflation will remain "elevated" in coming months but will decline once supply bottlenecks and other temporary issues are resolved, Federal Reserve Chair Powell said ... Business • 14 Jul
Fed surprised by higher than expected inflation spike Rising prices amid the recovery from the pandemic shutdown were predicted, but the recent jump in US inflation was higher than Federal Reserve officials had ... Business • 08 Jul
US weekly jobless claims unexpectedly rise The number of Americans filing new claims for unemployment benefits increased last week for the first time in more than a month, but layoffs are ... Business • 17 Jun
Currency volatility falls to pre-pandemic lows Currency market volatility today fell to its lowest since before the Covid-19 pandemic hit markets in March 2020. Business • 08 Jun
US interest rates may have to rise if economy heats up US interest rates may have to increase "somewhat" to keep a lid on inflation if President Joe Biden's latest spending proposals are enacted and the ... Business • 05 May
Fed members see inflation under control Most US central bankers viewed inflation as stable, but some are becoming more vocal about fears the Covid-19 pandemic will push prices higher, according to ... Business • 08 Apr
Europe facing tough quarter but ECB will do its part Europe is facing a difficult second quarter as coronavirus infections rise and governments reimpose lockdown measures, but the European Central Bank will do its part ... Business • 23 Mar
US weekly jobless claims see unexpected rise The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, but the labour market is regaining its footing as an acceleration ... Business • 18 Mar
US-driven global recovery could help lift others - Fed The US economy appears set to leave other developed markets in the dust this year with the largest annual growth spurt in decades, new Federal ... Business • 18 Mar
US won't reach 'maximum employment' this year - Powell The US labour market faces a lengthy recovery and the economy will not see maximum employment this year, Federal Reserve Chair Jerome Powell has said. Business • 05 Mar
Fed's Powell pledges low rates until inflation hits 2% US Federal Reserve Chair Jerome Powell has today pledged that the bank will keep benchmark lending rates low until the economy is at full employment ... Business • 23 Feb
Fed warns economic outlook still 'highly uncertain' The fate of the US economy depends on the course of the pandemic and the Covid-19 vaccine rollout, but the outlook is nonetheless "highly uncertain," ... Business • 28 Jan
Fed to buy bonds until it sees economic progress The Federal Reserve has vowed to keep pumping cash into financial markets until the US economic recovery is secure, a promise of long-term help that ... Business • 17 Dec 20
Fed joins global club of peers in climate change fight The US Federal Reserve said today it has formally joined an international group of central banks working to understand and reduce climate change risk, a ... Business • 15 Dec 20
Biden selects Janet Yellen as US Treasury Secretary US President-elect Joe Biden has today selected former Federal Reserve chair Janet Yellen as his choice for Treasury secretary. Business • 30 Nov 20
Biden to name Yellen as US Treasury Secretary US President-elect Joe Biden is expected to nominate former Federal Reserve Chair Janet Yellen as US Treasury secretary. Business • 24 Nov 20
Fed, ECB heads cautious despite Covid vaccine hopes The heads of the Federal Reserve and the European Central Bank welcomed the encouraging results in trials of a vaccine candidate for the novel coronavirus ... Business • 13 Nov 20
More stimulus needed to help US economy - Fed chief The trajectory of Covid-19 remains key to the US recovery and until it is eradicated, more emergency spending will be "essential" to support the economy, ... Business • 06 Nov 20
Fed touts economic recovery, vows to keep rates low The Federal Reserve has vowed to keep interest rates near zero until inflation is on track to overshoot its 2% target, a bold new promise ... Business • 17 Sep 20
Powell set to lay out Fed's new policy approach US Federal Reserve Chair Jerome Powell is expected today to begin setting out the bank's new strategy for meeting its price stability and maximum employment ... Business • 27 Aug 20
Fed officials say US economy probably needs more aid US Federal Reserve bankers voiced fear the US economy would need more aid to weather the coronavirus downturn as provisions of a key spending measure ... Business • 20 Aug 20
Covid-19 tanks US economy in second quarter The US economy contracted at its steepest pace since the Great Depression in the second quarter as the Covid-19 pandemic shattered consumer and business spending. Business • 30 Jul 20
Federal Reserve caps bank dividend payments The US Federal Reserve said it will cap big bank dividend payments and bar share repurchases until at least the fourth quarter after finding lenders ... Business • 26 Jun 20
US Fed chair warns of 'extended period' of weak growth In a sober review of where the US economy stands on the cusp of its reopening, US Federal Reserve chair Jerome Powell has warned of ... Business • 13 May 20
Fed will continue to act 'forcefully, proactively' The Federal Reserve will continue to use all the tools at its disposal until the US economy begins to fully rebound from the harm caused ... Business • 09 Apr 20
