US Federal Reserve

US Fed seeks details on US banks’ exposure to private credit firms

A growing chorus of international regulators have been warning about the risks of private credit

San Francisco Federal Reserve Bank President Mary Daly noted that US consumers were still spending and businesses investing.

US economic fundamentals in a ‘good place’ despite Iran war: US Fed President Daly

SAN Francisco Federal Reserve President Mary Daly on Wednesday said the US economy is fundamentally in a “good place” despite sharply higher oil prices from the Iran war and the uncertainty over how l...

Fed policymakers say a temporary spike in headline inflation would not merit a change to short-term interest rates.

US Fed rate cut bets revived, a bit, by Iran war ceasefire

FEDERAL Reserve policymakers may consider cutting interest rates later this year now that an agreement for a two-week ceasefire in the Iran conflict has eased concerns about a resurgence of inflation,...

Most officials worried a protracted war could hurt the labour market and warrant lower interest rates.

US Fed minutes show officials saw two-sided risks from Iran war

Several policymakers have since signalled a desire to hold rates steady as they gauge the war’s fallout

Citigroup says weak hiring will push the unemployment rate higher in the summer, similar to the last few years.

Citigroup pushes back Fed rate cut timeline after strong US job numbers

Downside risks for the labour market are mounting from a war with Iran that has no clear end in sight

The March jobs report showed the economy adding workers across sectors. Manufacturing gained 15,000 jobs, the most since November 2023 when factories added 22,000 new positions, and there were gains in construction, leisure and hospitality, and transportation as well.

Stronger, broader hiring could ease Fed job market worries

[WASHINGTON] Hiring that strengthened and broadened in March will likely cement the US Federal Reserve’s plans to keep interest rates on hold for the foreseeable future, easing concerns about a weaken...

The near closure of the Strait of Hormuz has thrown a spanner in the works of global supply chains for a host of products.

Treasury yields spike as Trump offers no respite for inflation fears amid Middle East crisis

[SYDNEY] - Treasury yields were jerked higher in Asia on Thursday (Apr 2) as dashed hopes for an early end to the Gulf war sent oil prices flying and fanned fears the resulting inflation would close t...

Federal Reserve chair Jerome Powell intends to remain in his role until his successor is confirmed, but has not indicated whether he plans to remain as a Fed governor.
THINKING ALOUD

The clock is ticking on the Fed’s leadership change

A Senate impasse, criminal probe and unusual political pressure mean the transition may not be clean or quick

The Fed will struggle to deliver the rate cuts that the market was anticipating before the Iran war. Even if it does, the market may “revolt” against the cuts by pushing up bond yields.

Markets expect global monetary policy to converge amid the Iran war

Central banks are likely to turn cautious and even hawkish as risk of stagflation looms

“Inflation expectations do appear to be well anchored beyond the short term,” US Federal Reserve chair Jerome Powell said.

Powell says Fed positioned to ‘wait and see’ how war affects economy

Higher energy prices from Iran war may create hard choice for Fed