Federal Reserve
Central banking system of the US
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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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Fed cuts US growth outlook as Trump trade war gathers pace The US central bank has slashed its expectations for economic growth this year as it eyes challenges on several fronts amid Donald Trump's escalating trade war.Sky News - Published | |
Pound at highest level versus dollar since early 2022 The pound has hit its highest level against the US dollar since March 2022 after the chair of the Federal Reserve declared that "the time has come" for an interest rate cut.Sky News - Published | |
US interest rate cut likely after inflation falls Annual inflation in the US fell to 2.9% last month, officials have said - heightening expectations that the Federal Reserve will cut interest rates in September.Sky News - Published | |
Bank of England rate cut expected as Fed holds again The Bank of England will implement its first interest rate cut since 2020 at midday on Thursday, if financial markets and many economists are right, hours after the US central bank signalled it could..Sky News - Published | |
US interest rates held again after three months of disappointing inflation dataThe US central bank, known as the Fed, has again kept interest rates high - at 5.25% to 5.5%.Sky News - Published | |
US interest rates held - amid signs UK could follow suitThe Federal Reserve - the US central bank - has opted not to increase its base interest rate.Sky News - Published | |
US interest rates back on the riseThe Federal Reserve - the US central bank known as the Fed - has recommenced its programme of interest rate increases.Sky News - Published | |
US interest rates held after inflation fell to less than half UK's rateThe Federal Reserve, which is the US central bank, has held interest rates after 10 consecutive rises.Sky News - Published | |
US interest rates rise higher despite continued banking turmoil 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.Sky News - Published | |
US inflation falls to 6% making Fed's expected interest rate rise even less likely 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.Sky News - Published | |
