Interest Rates Should Be Higher for Longer Amid Inflation Uncertainty, According to Richmond Fed President
One of the Federal Reserve’s decision-makers says that the risk of an inflationary wave in 2025 is higher than most investors realize. Speaking with the Maryland Bankers Association in Baltimore, Thomas Barkin, President of the Federal Reserve Bank of Richmond,…
Fed’s Kugler, Daly say job not done on inflation
Two Federal Reserve policymakers said Saturday they feel the U.S. central bank’s job on taming inflation is not yet done, but also signaled they do not want to risk damaging the labor market as they try to finish that job….
Why 2025 Will Likely Be Better Than You Expected for Savings and CD Rates
Key Takeaways After a historic rate-hike campaign by the Federal Reserve that pushed savings account and CD rates to their highest levels in two decades, the central bank shifted in late 2024 to a rate-cutting phase. The Fed’s three rate…
Federal Reserve Watch: Quantitative Tightening Continues
This article was written by Follow John M. Mason writes on current monetary and financial events. He is the founder and CEO of New Finance, LLC. Dr. Mason has been President and CEO of two publicly traded financial institutions and…
Top Federal Reserve official warns of US inflation risk after Donald Trump takes power
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world A top Federal Reserve official has warned about the threat of resurgent US inflation after Donald Trump takes…
Barkin Says He Prefers Fed Keep Rates Restrictive for Longer
Article content (Bloomberg) — Federal Reserve Bank of Richmond President Tom Barkin said there are still upside risks to inflation and growth, underscoring his preference to keep interest rates restrictive for longer. Article content While Barkin said he believes the…
Merchants, banks spar over Fed’s debit card fee proposal
The Merchants Payments Coalition and the American Bankers Association revived their battle last week over whether the Federal Reserve should finalize a rule that would lower the amount card issuers can charge merchants when consumers swipe their debit cards. The…
Fed’s Barkin says 2025 outlook positive, inflation lowering
Article content Barkin voted in favour of a quarter-point reduction in the benchmark lending rate on Dec. 18. He rotated out of a voting position on the Fed’s interest-rate panel this year. The Fed’s interest-rate-setting panel has pushed “the federal…
Will the Fed Raise Interest Rates in 2025?
When the Federal Reserve jolted markets in December, it wasn’t with its decision to cut interest rates by a quarter point, but with big changes in its rate forecasts for 2025. Fed officials indicated they now expect to cut rates…
Atlanta Federal Reserve ends year with several promotions
The Atlanta Federal Reserve recently promoted Michael Williams to senior vice president and head of Operations for Federal Reserve Financial Services (FRFS). © Shutterstock Previously, Williams was vice president and head of Retail Products for FRFS at the Atlanta Fed….