CBDC Watch: The 3 Biggest Pros & Cons of a Potential U.S. Digital Dollar

With CBDCs, the Fed hopes ... The U.S. dollar may have to get up from its seat as the world’s reserve currency as CBDCs step in. A challenge comes from China’s digital yuan, which aims to ... Read More

Today's 'Restrictive' Rates Can Bring Inflation to Target, Fed's Barkin Says

Richmond Fed President Tom Barkin is a "Fed Optimist," he said Monday. Here's what he meant, according to remarks prepared for delivery in Columbia, S.C.: "I am optimistic that today’s restrictive ... Read More

The Fed Leaves Markets and Economists Guessing

“Average hourly earnings grew at a 3.9 percent pace over the year, below expectations and their slowest pace since June 2021, which Federal Reserve Chairman Jerome Powell and his colleagues will find ... Read More

Fed's Williams says next Fed move likely to be lower rates

Federal Reserve Bank of New York President John Williams said Monday that at some undefined point the U.S. central bank will lower its interest rate target. Read More

Brainard Says US Aims to Keep Gas Prices Steady This Summer

Earlier: US Imposes Fresh ... driving season," Brainard said, when asked about a potential SPR release. The comments signal how gas prices are on the White House’s radar ahead of November ... Read More

Fed shouldn’t cut interest rates to boost U.S. financial stability, IMF says

The shift in Fed rate cut expectations came for good reasons, including stronger earnings, labor market and economic growth. See: IMF projects sharply stronger growth for U.S. in 2024 The IMF ... Read More

Fed Rate Decision Today: Rates Unchanged; Watch Press Conference; Read Full Statement

The Federal Reserve is widely forecast to leave interest rates unchanged at the highest level in decades this afternoon, after its third policy meeting of 2024 concludes. The rate decision is ... Read More

Credit-Card Delinquency Rates Were Worst on Record in Fed Study

US credit-card delinquency rates were the ... 30 days past due as of the end of December, the Philadelphia Fed said. That’s the highest figure in the data series going back to 2012, and up ... Read More

Daly says there’s ‘no urgency’ for the Fed to cut U.S. interest rates

The chief of the San Francisco Federal Reserve said there “is really no urgency” to cut U.S. interest rates in light of how long it’s taking for inflation to ebb. “Inflation is coming down ... Read More

Study maps "forever chemical" water contamination hotspots worldwide, including many in U.S.

The research found that 69% of groundwater samples from around the world ... A separate study published in the summer of 2023 found that almost half of the tap water flowing into U.S. homes ... Read More

Brainard Says US Aims to Keep Gas Prices Steady This Summer

(Bloomberg) -- President Joe Biden’s top economic aide said the ... of the events in the Middle East,” Lael Brainard said Thursday at the Semafor World Economy Summit in Washington. Read More