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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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 | |
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.Sky News - Published | |
Brett Favre in Fed's Crosshairs After Ex-Miss. Welfare Agency Head's Guilty PleaBrett 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..TMZ.com - Published | |
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.Sky News - Published | |
Fed raises rates as US economy eyes heightened inflation spike from Putin's warThe 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..Sky News - Published | |
