Wednesday, May 12, 2021
Home > Breaking news

Fed’s Bullard says ‘it’s too early to talk taper’ while the pandemic continues

St. Louis Federal Reserve President James Bullard acknowledged the progress the economy has made but said Tuesday it's still not time to ease back the throttle on policy.In an interview on CNBC's "Closing Bell," the central bank official said fiscal and monetary policy help as well as aggressive vaccination

Read More

Fed’s Evans says employment and inflation need to pick up before policy changes

Chicago Federal Reserve President Charles Evans told CNBC on Monday that employment and inflation will have to pick up substantially before he will change his position on monetary policy.Speaking after Friday's hugely disappointing jobs report, the central bank official said he still thinks the employment picture is strong, though

Read More

Fed warns about potential for ‘significant declines’ in asset prices as valuations climb

People walk past the U.S. Federal Reserve building in Washington D.C., the United States, May 21, 2020.Ting Shen | Xinhua via Getty ImagesRising asset prices in the stock market and elsewhere are posing increasing threats to the financial system, the Federal Reserve warned in a report Thursday.In its semiannual

Read More

Clarida says the Fed is ‘a long way from our goals’ and tightening policy

Federal Reserve Vice Chairman Richard Clarida told CNBC on Wednesday that he thinks the central bank should keep its ultra-loose policy in place even as the U.S. economy storms back from its pandemic-era tumble.In a "Closing Bell" interview, Clarida said he expects the economy to grow close to 7%

Read More

Fed’s Barkin sees higher inflation this year, but then a reversal in 2022

Richmond Federal Reserve President Thomas Barkin told CNBC on Monday that he sees inflation pressures building this year that he expects to subside in 2022."I think we will see price pressure this year. You've got a very strong demand situation, and you've got constraints in supply," the central bank

Read More

Fed holds interest rates near zero, sees faster growth and higher inflation

The Federal Reserve on Wednesday declined to let up on its easy-money policy despite an economy that it acknowledged is accelerating.As expected, the U.S. central bank decided to keep short-term interest rates anchored near zero as it buys at least $120 billion of bonds each month. The latter part

Read More

A Coinbase-backed start-up quietly powering the NFT boom raises new funding

Alchemy co-founders Nikil Viswanathan (left) and Joe Lau.Source: AlchemyAlchemy, a start-up subtly powering the recent NFT boom, is raising another round of capital as it tries to keep up with the fast-growing industry.The San Francisco-based company announced an $80 million series B funding round on Wednesday, led by Coatue

Read More

The Fed is unlikely to hint at policy changes next week, even with a stronger economy

Federal Reserve Jerome Powell testifies during a Senate Banking Committee hearing on "The Quarterly CARES Act Report to Congress" on Capitol Hill in Washington, U.S., December 1, 2020.Susan Walsh | ReutersFederal Reserve officials next week are likely to paint a robust picture on the economy while simultaneously not even

Read More

Fed’s Waller says the economy is ‘ready to rip’ but policy should stay put

Federal Reserve Governor Christopher Waller said Friday he sees the U.S. economy as set to take off, though not at a fast enough pace that the central bank should start tightening policy."I think the economy is ready to rip," Waller told CNBC's Steve Liesman during a "Squawk on the

Read More

Trading is the newest form of entertainment as Robinhood and Coinbase dominate mobile app stores

Coinbase is a popular option for buying bitcoin and other cryptocurrencies.Todd Haselton | CNBCWatch out social media, finance apps are becoming a more popular form of entertainment on people's phones.Trading platforms Robinhood and Coinbase grabbed the top two spots in Apple's app store this week as Americans turn their

Read More