Latest Federal Reserve System News

Stocks end mixed on Wall Street, still notch weekly gains

Oct. 22, 2021 17:14 PM EDT

Wall Street capped a choppy day of trading Friday with an uneven finish for the major stock indexes, as losses for several large technology companies weighed on the market. The S&P 500 was little changed a day after it set an all-time high, but the 0.1% slip ended...

Powell says inflation risks rising, but Fed can be 'patient'

Oct. 22, 2021 15:49 PM EDT

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Friday that the tangled supply chains and shortages that have bedeviled the U.S. economy since this summer have gotten worse and will likely keep inflation elevated well into next year. The Fed is not yet...

Fed imposes sweeping new limits on policymakers' investments

Oct. 21, 2021 17:03 PM EDT

WASHINGTON (AP) — The Federal Reserve is imposing a broad new set of restrictions on the investments its officials can own, a response to questionable recent trades that forced two top Fed officials to resign. The Fed announced Thursday that its policymakers and senior...

Inflation, Fed action set stage for higher mortgage rates

Oct. 21, 2021 11:33 AM EDT

LOS ANGELES (AP) — Mortgage rates have hovered near all-time lows for much of this year, even as inflation has increased sharply across much of the economy. That could begin to change in the weeks to come, now that the Federal Reserve has signaled it could announce as...

Fed survey finds economy facing supply chain, other drags

Oct. 20, 2021 15:20 PM EDT

WASHINGTON (AP) — The Federal Reserve reports that the economy faced a number of headwinds at the start of this month, ranging from supply-chain disruptions and labor shortages to uncertainty about the delta variant of COVID. In its latest survey of business conditions...

Industrial production falls 1.3% as effects from Ida linger

Oct. 18, 2021 10:16 AM EDT

SILVER SPRING, Md. (AP) — U.S. industrial production fell 1.3% in September, much more than expected as the lingering effects of Hurricane Ida continue to stymie activity. The Federal Reserve reported Monday that nearly half, or 0.6%, of the overall decline in total...

IMF warns economy recovery threatened by virus, inflation

Oct. 14, 2021 16:17 PM EDT

WASHINGTON (AP) — The International Monetary Fund is warning of rising threats to the global economic recovery posed by the ongoing coronavirus pandemic and an outbreak of inflation. The lending agency called Thursday for greater efforts from wealthy nations to boost...

From cars to gasoline, surging prices match a 13-year high

Oct. 13, 2021 19:28 PM EDT

WASHINGTON (AP) — Another jump in consumer prices in September sent inflation up 5.4% from where it was a year ago, matching the largest increase since 2008 as tangled global supply lines continue to create havoc. U.S. consumer prices rose 0.4% in September from August...

Fed officials: Bond purchases could end by middle of 2022

Oct. 13, 2021 16:15 PM EDT

WASHINGTON (AP) — Federal Reserve officials agreed at their last meeting that if the economy continued to improve, they could start reducing their monthly bond purchases as soon as next month and bring them to an end by the middle of 2022. The discussion was revealed...

How major US stock indexes fared Friday

Oct. 08, 2021 16:34 PM EDT

U.S. stock indexes are closing lower Friday after a weak jobs report sparked questions about when the Federal Reserve could pare back its immense support for the markets. The S&P 500 fell after wavering throughout the day. Government data showed far fewer jobs were...