The U.S. central bank's monetary-policy committee raised benchmark borrowing costs by a quarter percentage point to a range of 1.5% to 1.75%, in Jerome Powell's first meeting as Fed chairman.
Traders fully expect the Fed's monetary-policy committee to raise benchmark borrowing costs by a quarter percentage point at a meeting that starts Tuesday and culminates Wednesday with Powell's first press conference as chairman. The question is what comes next.
A key risk measure in money markets known as the Libor-OIS spread has risen to levels not seen since worries mounted in 2011 and 2012 over the debt troubles of European countries Portugal, Italy, Greece and Spain.
A report Friday from the U.S. Labor Department shows inflation rose to 2.2% in February from a year earlier, accelerating from January's pace of 2%.
Goldman Sachs Group Co-President and former CFO Harvey Schwartz will retire April 20, the company said Monday in a press release. The announcement came just days after the Wall Street Journal reported that CEO Lloyd Blankfein is preparing to step down, possibly later this year.
Goldman Sachs Group's CEO Lloyd Blankfein plans to step down from the job as soon as the end of the year, says a report.
A report Friday from the U.S. Labor Department shows the economy added 313,000 jobs in February, well above estimates, while wage growth moderated to 2.6%.
A report Friday from the U.S. Labor Department is expected to show that wages climbed 2.8% in February from a year earlier, with unemployment falling further to 4%, based on economist surveys by the data provider FactSet.
Federal Reserve Governor Lael Brainard said in a speech that further gradual rate increases are "appropriate," especially in light of the economic stimulus expected to come from President Donald Trump's tax cuts.
Federal Reserve Governor Randal Quarles, a former banking-industry lawyer appointed last year to oversee supervision of bank holding companies, says a rule enacted in the wake of the 2008 financial crisis to keep firms from making risky bets is "not working well."
Sign up to get started or log in to see your watchlist.
Enter a symbol above to add it to your watchlist.
A confirmation email has been sent to the address provided during registration. Please click on the appropriate link to confirm your email address.