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Federal Reserve Bank Of Richmond

10:37 a.m. Aug. 20, 2020 - By Mark DeCambre
Gold ends sharply lower for a second session as U.S. dollar extends firming trend December gold falls but manages to hold above $2,000 level after two-day skidGold prices finish lower Thursday, with downward momentum for the precious metal coming amid a Federal Reserve that hinted at a less-accommodative posture than hoped and a dollar that has gained some altitude off two-year lows in the past two sessions.
12:16 p.m. Aug. 19, 2020 - By Greg Robb
Fed staff lowers forecast for economic growth over the rest of year: FOMC minutes Richmond Fed’s Barkin says economy in ‘vulnerable spot’The Federal Reserve staff has lowered its forecast for second half GDP, according to minutes of the central bank’s July meeting released Wednesday.
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.
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.
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.
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