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Federal Reserve

Central banking system of the US

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Federal Reserve: Central banking system of the US
The Federal Reserve System is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises. Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibilities of the Federal Reserve System.

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Federal Reserve Posts Massive $114 Billion Loss in 2023 [Video]

Federal Reserve Posts Massive $114 Billion Loss in 2023

Federal Reserve Posts Massive, $114 Billion , Loss in 2023. On March 26, the Federal Reserve announced a record-breaking net negative income of $114.3 billion in 2023. Reuters reports that the loss..

Credit: Wibbitz Top Stories     Duration: 01:30Published
Biz Pulse: Upward Trend in Equity Markets, US Federal Reserve Announcement and Gold Price| Oneindia [Video]

Biz Pulse: Upward Trend in Equity Markets, US Federal Reserve Announcement and Gold Price| Oneindia

In this Biz Pulse episode, we delve into market updates and the US Federal Reserve's announcement. Indian ADRs witness a decline, while IT stocks garner attention. Equity markets are on an upswing,..

Credit: Oneindia     Duration: 07:19Published
Experts Say Fed's Rate Hikes Could Impact Housing Market for Decades [Video]

Experts Say Fed's Rate Hikes Could Impact Housing Market for Decades

Experts Say Fed's , Rate Hikes Could Impact , Housing Market for Decades. Yahoo Finance reports that the housing market has been showing signs of bouncing back as this year's spring home-buying..

Credit: Wibbitz Top Stories     Duration: 01:30Published
Data Shows US Wages Falling at a 'Striking' Pace [Video]

Data Shows US Wages Falling at a 'Striking' Pace

Data Shows , US Wages Falling , at a 'Striking' Pace. Fox News reports that wage growth in the United States has slowed significantly over the past year. . According to new data from Indeed, wage..

Credit: Wibbitz Top Stories     Duration: 01:31Published
Consumer Prices Rose 0.4% in February [Video]

Consumer Prices Rose 0.4% in February

Consumer Prices , Rose 0.4% in February. The Bureau of Labor Statistics released its latest data on March 12. In February 2024, prices rose 0.4% compared to January and 3.2% year-over-year,..

Credit: Wibbitz Top Stories     Duration: 01:31Published
Powell Says Fed Remains Reluctant to Start Lowering Interest Rates [Video]

Powell Says Fed Remains Reluctant to Start Lowering Interest Rates

Powell Says , Fed Remains Reluctant to Start , Lowering Interest Rates. On March 6, Federal Reserve Chair Jerome Powell said that interest rates will start to drop at some point this year, without..

Credit: Wibbitz Top Stories     Duration: 01:31Published
US Retail Sales Dropped More Than Expected in January [Video]

US Retail Sales Dropped More Than Expected in January

US Retail Sales Dropped , More Than Expected in January. On Feb. 15, the Commerce Department reported that retail sales fell 0.8% for the month, halting a two-month increase streak. The percentage..

Credit: Wibbitz Top Stories     Duration: 01:30Published
Price Growth Cooling Falls Short of Economist Expectations [Video]

Price Growth Cooling Falls Short of Economist Expectations

Price Growth , Cooling Falls Short of , Economist Expectations. According to the latest Bureau of Labor Statistics data, inflation in the United States cooled in January, inching down from 3.4% to..

Credit: Wibbitz Top Stories     Duration: 01:30Published
Economists Optimistic After Stocks Hit New Record [Video]

Economists Optimistic After Stocks Hit New Record

Economists Optimistic, After Stocks Hit, New Record. NPR reports that the S&P 500 has risen above 5,000 for the first time in history. The broad-based U.S. index of the most-known companies around..

Credit: Wibbitz Top Stories     Duration: 01:31Published
Jerome Powell Says the ‘Time Is Coming’ for Interest Rate Cuts [Video]

Jerome Powell Says the ‘Time Is Coming’ for Interest Rate Cuts

Jerome Powell Says the ‘Time Is Coming’ , for Interest Rate Cuts. In an interview with '60 Minutes' on Jan. 4, the Federal Reserve chair said the central bank is still on track to reduce..

Credit: Wibbitz Top Stories     Duration: 01:31Published
US Economy Added 353,000 Jobs in January [Video]

US Economy Added 353,000 Jobs in January

US Economy , Added 353,000 Jobs in January. According to the Labor Department's Bureau of Labor Statistics, nonfarm payrolls grew by 353,000 in January. That number exceeded the Dow Jones estimate..

Credit: Wibbitz Top Stories     Duration: 01:30Published
Strong US Job Market May Be Cooling With Slower Growth in Pay and Benefits [Video]

Strong US Job Market May Be Cooling With Slower Growth in Pay and Benefits

Strong US Job Market , May Be Cooling With Slower , Growth in Pay and Benefits. In the last three months of 2023, pay and benefits for workers in the United States grew at the slowest pace in two..

Credit: Wibbitz Top Stories     Duration: 01:31Published

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US interest rates held - amid signs UK could follow suit

The Federal Reserve - the US central bank - has opted not to increase its base interest rate.
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US interest rates back on the rise

The Federal Reserve - the US central bank known as the Fed - has recommenced its programme of interest rate increases.
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US interest rates held after inflation fell to less than half UK's rate

The Federal Reserve, which is the US central bank, has held interest rates after 10 consecutive rises.
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US interest rates rise higher despite continued banking turmoil

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The Federal Reserve - the US central bank, known as the Fed - has increased interest rates for the tenth time in a row despite the continued worst banking turmoil since the global financial crash.
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US inflation falls to 6% making Fed's expected interest rate rise even less likely

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US inflation dropped to 6% over the 12 months to February, complicating the picture for interest rates as banks and stock markets feel the hit from the Silicon Valley Bank (SVB) collapse.
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US interest rates set by Federal Reserve rise to their highest since 2007

us interest rates set by federal reserve rise to their highest since 2007
US interest rates are now at their highest since the global financial crisis as the US central bank has again imposed an increase as it seeks to lower inflation.
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Brett Favre in Fed's Crosshairs After Ex-Miss. Welfare Agency Head's Guilty Plea

Brett Favre's alleged involvement in a multi-million dollar welfare scandal may have just gone from bad to worse ... 'cause a key figure in a criminal case has just made a deal to cooperate with the..
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US Federal Reserve increases interest rates by 0.5% to combat inflation - the biggest hike in decades

us federal reserve increases interest rates by 0.5% to combat inflation - the biggest hike in decades
The US Federal Reserve has increased its benchmark interest rate by 0.5% to combat inflation - the sharpest hike since 2000.
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Fed raises rates as US economy eyes heightened inflation spike from Putin's war

The US central bank has fired the starting pistol on interest rate rises as the world's largest economy faces up to a surge in inflation that is only predicted to accelerate during Russia's war in..
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Jerome Powell secures nod for second term as chair of US Federal Reserve

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US president Joe Biden has nominated Jerome Powell for a second four-year term at the helm of the country's central bank.
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Global markets slide amid signs Fed to 'taper' emergency stimulus despite Delta concerns

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Stock markets have fallen sharply after signs that the US Federal Reserve could start pulling away emergency support for the world's biggest economy later this year.
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Juelz Santana Denied Trip to Miami by Judge, Feds Say He Failed Drug Test

Juelz Santana is staying grounded in New Jersey, a judge just denied his big trip to sunny South Florida -- this after the feds claim the rapper failed a drug test -- but his team believes it's a..
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