Federal Reserve Bank Of Richmond

12:35 p.m. July 7, 2020 - By Joy Wiltermuth
Dow ends nearly 400 points lower, U.S. stocks swoon, on doubts of quick economic recovery Trump starts process for U.S. to quit World Health OrganizationU.S. stocks on Tuesday tumbled in the final hour of trade, ending a 5-day win streak for the S&P 500, as investors grew more wary of the economic, public-health and policy response to the coronavirus pandemic.
12:11 p.m. July 7, 2020 - By Jeffry Bartash
Federal Reserve leaders see ‘bumpier’ recovery, slower decline in unemployment Rash of new coronavirus cases imperils fragile economic recoverySenior Federal Reserve leaders say high unemployment is all but certain to persist until a treatment for the coronavirus is found and that the central bank might have to take more steps to help the labor market.
9:03 a.m. June 14, 2020 - By Greg Robb
Fed’s Kaplan worries economy’s recovery may be slowed if coronavirus health practices remain ‘uneven’ U.S. unemployment rate will be at 8% or higher through year-end, the Dallas Fed president says Dallas Fed President Robert Kaplan said Sunday health-care procedures to combat the coronavirus were just as important as government funding for the nascent economic recovery and, to date, these efforts to reduce coronavirus infections have been “uneven.”
3:50 a.m. June 13, 2020 - By Mark DeCambre
Dow closes nearly 500 points higher as stocks make partial rebound from worst day in three months Rising U.S. coronavirus cases raise questions about speed of economic recovery U.S. stocks closed higher Friday in choppy trading as Wall Street attempted to recover from Thursday’s steep losses but left the benchmark indexes with their biggest weekly losses since March 20.
11:49 a.m. June 12, 2020 - By Greg Robb
Fed’s Barkin says best stimulus plan would be common standards so consumers feel safe to shopThe best stimulus plan for the economy would be common standards so consumers feel safe to shop and go to restaurants, said Richmond Fed President Thomas Barkin on Friday.
4:06 p.m. May 27, 2020 -
$600 Unemployment Benefits Are Keeping People From Returning to Work, Fed Says Even though is expected to register over 20%, employers reported difficulty in hiring during the severe economic contraction resulting from the coronavirus shutdown.
1:31 p.m. May 27, 2020 -
A Snapshot of American Life During Coronavirus Courtesy of the Federal Reserve The Federal Reserve Beige Book collects anecdotes of business life in each of the central bank’s 12 districts.
12:23 p.m. May 12, 2020 - By Chris Matthews
Dow books 450 point loss as stocks record biggest one-day slump since May 1 Nasdaq breaks six-day win streakU.S. stocks end sharply lower on Tuesday, erasing the previous day’s gains, as investors monitor tentative efforts to reopen the economy and weigh tensions between Washington and Beijing.
5:14 a.m. May 8, 2020 - By Selin Bucak
Here’s another reason Turkey’s lira may keep tumblingThe Turkish lira fell to a record low against the U.S. dollar this week and reports say the government has tried to stop the slide by taking action against three foreign banks.
10:01 a.m. May 7, 2020 - By Greg Robb
Fed officials don’t expect quick economic recovery San Franciso Fed’s Daly says her contacts see gradual return of activitySan Francisco Fed President Mary Daly and Minneapolis Fed President Neel Kashkari said Thursday they don’t expect a quick economic recovery.
10:32 a.m. May 1, 2020 - By Greg Robb
Fed officials stress they may have to get innovative to revive economy from COVID-19 shutdown Richmond Fed president Barkin says U.S. economy took elevator down but has to take the stairs upFederal Reserve officials said Friday they are ready to do more to help the economy recover from the blanket shutdown put in place to prevent the spread of COVID-19.
12:20 p.m. March 5, 2020 - By Greg Robb
Fed expected to continue cutting interest rates, beginning as soon as later this month Easing expected at March 17-18 meetingThe Federal Reserve will continue cutting interest rates, with the next move in two weeks, in an effort to cushion the expected economic downside shock from the coronavirus.
10:08 a.m. March 5, 2020 -
Today’s Jobs Report Figures to Be Solid. Look to the Fed’s Beige Book for Coronavirus Clues. The virus came up some 59 times in various contexts within the Fed’s beige-book report of anecdotal economic information, with indications across the country that the outbreak was negatively affecting travel and tourism and delaying manufacturing supply chains.
10:56 a.m. March 4, 2020 - By Greg Robb
Fed Beige Book reports first negative impact of coronavirus on U.S. economy Travel and tourism hit, supply-chain disruptions feared from COVID-19 outbreakThe first reports of negative impact from the coronavirus on the U.S. economy surfaced in the latest Fed Beige Book survey of economic conditions released Wednesday.
11:00 a.m. Dec. 22, 2019 -
Christmas Closings, Economic Data, and Other Things to Know This Week No earnings on the calendar this week, but a few economic data points will be released. Markets close early on Christmas Eve, then remain shut on Christmas Day.
4:58 p.m. Dec. 20, 2019 -
Bitcoin Hit Its All-Time High in 2017. Here Comes New Competition. Bitcoin’s dominance in cryptocurrency is being challenged by companies like Facebook and governments like China.
4:51 a.m. Dec. 18, 2019 - By Caroline Baum
The Fed should be careful when it wishes for more inflation What makes Fed policy makers so sure that they could bring inflation rates back down again?The Federal Reserve wants a bit more inflation, but Caroline Baum wonders if the Fed could lose control of inflation in the process.
9:37 a.m. Nov. 18, 2019 - By Andrea Riquier
For municipal defaults, booms are just as dangerous as busts Local governments see new residents needing services now, while future generations who must service the debt are far-offA regional Fed working paper demonstrates that boom times can cause local governments to expand borrowing too much, making them just as dangerous as periods of economic deterioration
9:28 a.m. Nov. 6, 2019 - By Greg Robb
Fed’s Evans: Economy might not need any more interest rate cuts Outlook is ‘quite good’ and economy ‘quite resilient’, Chicago Fed president saysThe U.S. economy might not need any more interest rate cuts, said Chicago Fed President Charles Evans on Wednesday.
6:42 a.m. Nov. 5, 2019 - By Greg Robb
Fed’s Barkin says recession is not imminent Richmond Fed President worried ‘we could talk ourselves into one’Absent shocks, a recession is not imminent, said Richmond Fed President Thomas Barkin on Tuesday.
10:14 a.m. Oct. 16, 2019 - By Greg Robb
Fed Beige Book reports ‘slight’ growth in some regions Business downbeat in U.S. Midwest and Great Plains, Fed finds findsThe U.S. economy was barely growing in some regions of the country, according to the Federal Reserve’s anecdotal report on business conditions collected in the Beige Book.
6:11 a.m. Oct. 8, 2019 - By Philip van Doorn
The hottest stock-market sector in the past year beats technology and real estate Utility stocks have not only soared during the past 12 months, they have also measured up well over the long haulUtility stocks have not only soared during the past 12 months, they have also measured up well over the long haul.
12:15 p.m. Oct. 2, 2019 - By Greg Robb
Fed’s Barkin says now might be time for caution Richmond Fed president says he’s ‘hopeful’ expansion will continueWith all the uncertainty about the outlook, it might be a good time for the U.S. central bank to be cautious, said Richmond Fed President Thomas Barkin on Wednesday.
12:14 p.m. Oct. 2, 2019 - By Greg Robb
Fed’s Williams, downplaying recession fears, says ‘outlook very favorable’ New York Fed president says baseline forecasts positive despite a mixed picture from trade and geopolitical tensionsNew York Fed President John Williams on Wednesday downplayed recession fears, saying the baseline economic forecast remains positive.
4:30 a.m. Sept. 7, 2019 - By Andrea Riquier
Central bankers now know: hang together or most assuredly hang separately Central Bank coordination has morphed into co-dependencyThe Federal Reserve has cut rates because of a darkening global outlook, which will prompt the European Central Bank to cut rates, which will prompt the Bank of Canada to cut rates, and on and on.
12:18 p.m. Aug. 27, 2019 - By Greg Robb
Fed’s split over whether to cut discount rate in July Discount rate seen as proxy vote for Fed interest-rate policyThe 12 Fed regional bank boards were evenly split in July about a cut in the rate on emergency loans, according to meeting minutes released Tuesday.
9:48 a.m. Aug. 9, 2019 -
Larry Jeddeloh Sees U.S. Interest Rates Falling to Zero Larry Jeddeloh, editor of the Institutional Strategist and founder of research firm TIS Group, talks about his outlook for the U.S.-China trade war, whether President Donald Trump will win re-election, and Europe’s tech scene.
5:47 a.m. July 31, 2019 - By Caroline Baum
How to read between the lines of the Fed’s rate-cut statement Powell’s Fed likely to be cautious and vague in signaling future movesThe only suspense regarding this week’s Federal Reserve meeting, is what the Fed will say about future actions.
9:00 a.m. July 11, 2019 - By Greg Robb
Fed’s Powell says U.S. economy was hit by ‘confidence shock’ — it has only partly recovered Some confidence returned as Fed has ‘stepped forward,’ Powell saysFed Chairman Jerome Powell says the Fed wants the expansion to continue ‘as long as possible’.
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