Posts filtered by tags: ` Fed[x]


The last 6 months reveal the new economy: higher salaries, higher prices

A woman shops for clothing July 12, 2021 on Cape Cod in Orleans, Massachusetts. Robert Nickelsberg/Getty Images The first half of 2021 hints at a post-pandemic economy with permanently higher prices and pay. Surging inflation should cool, but prices won't return to pre-crisis levels, Fed Chair Jerome Powell said Wednesday. Companies are pressured to keep wages elevated as firms compete over a limited supply of workers. See more stories on Insider's business page. Higher pay and pri...
Tags: White House, US, Trends, Joe Biden, Goldman Sachs, Federal Reserve, Cape Cod, Fed, Oxford Economics, Jerome Powell, Jan Hatzius, Gregory Daco, Amazon McDonald, Ben Winck, Orleans Massachusetts Robert Nickelsberg Getty, Yet Fed

Fed Governor Lael Brainard Can't Imagine Future Without Digital Dollar

Federal Reserve Governor Lael Brainard has insisted that not having a digital dollar wouldn’t lead to a sustainable future.
Tags: Federal Reserve, Fed, Lael Brainard

Home Prices Are Soaring. Is That the Fed’s Problem?

Low interest rates are one reason that the housing market has taken off. They are far from the only one.
Tags: Fed

Fed's Brainard: Can't Wrap Head Around Not Having U.S. Central Bank Digital Currency

By Ann Saphir(Reuters) - Federal Reserve Governor Lael Brainard on Friday laid out a range of reasons for "urgency" around the issue of developing...
Tags: Fed, Reuters Federal Reserve, Brainard, Lael Brainard, Ann Saphir, U S Central Bank Digital Currency

Fourth Stimulus Check: Will Another Another Relief Payment Come This Year?

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Tags: Business, New York, Texas, News, Minnesota, Maryland, Pua, Congress, California, Washington, Senate, White House, Massachusetts, Elizabeth Warren, Alabama, West Virginia

Popular inflation measure climbs more than expected in June as shortages abound

People walk through a shopping district in Brooklyn on July 16, 2021 in New York City. Spencer Platt/Getty Images The PCE inflation gauge rose 0.5% in June, showing prices continued to rip higher amid dire shortages. The reading exceeded a median estimate of 0.4%. The gauge rose 4% year-over-year. The Federal Reserve held interest rates near zero on Wednesday, signaling it isn't worried yet about rising prices. See more stories on Insider's business page. Decade-high inflation cont...
Tags: Trends, Bloomberg, Brooklyn, Federal Reserve, Fed, Powell, Commerce Department, Jerome Powell, PCE, Consumer Price Index, Ben Winck, New York City Spencer Platt Getty

Bullard: Fed Should Taper This Fall, Go 'Fairly Rapidly' to End Early 2022

WASHINGTON (Reuters) - The Federal Reserve should start reducing its $120 billion in monthly bond purchases this fall and cut them "fairly rapidly"...
Tags: Washington, Federal Reserve, Fed, Reuters, Bullard

Key inflation indicator up 3.5% year over year in June for fastest gain since 1991

An inflation indicator that the Fed uses as its key guide rose 3.5% in June, a sharp acceleration that was nonetheless right around expectations.
Tags: Fed

Fed's Powell Bets Economy Will Navigate New Coronavirus Surge

By Howard SchneiderWASHINGTON (Reuters) - Federal Reserve Chair Jerome Powell's belief that the U.S. economy has "learned to handle" the...
Tags: Fed, Jerome Powell

S&P 500, Dow close on the brink of records as investors bet on the Fed's continued economic support after weak GDP data

Drew Angerer/Getty Images All three major US stock indexes closed just below record highs on Thursday as investors mulled GDP numbers, jobless claims, and the conclusion of the latest Fed meeting. Robinhood slumped in its first day of trading on the Nasdaq. US gross domestic product grew at an annualized rate of 6.5% in the second quarter of 2021, falling short of the 8.5% expansion estimated by economists. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. US st...
Tags: US, Trends, Markets, Bank Of America, Federal Reserve, Nasdaq, Robinhood, Dow Jones, Fed, Emily Graffeo, Stock market news today, S&P 500 record, Angerer Getty, Robinhood IPO, MI Exclusive

Patents and Drug Availability

by Dennis Crouch Amarin Pharma, Inc. v. Hikma Pharmaceuticals USA Inc., Docket No. 21-02024 (Fed. Cir. 2021) is up on appeal again.  The district court found Amarin’s asserted patent claims obvious and the Federal Circuit affirmed that holding in a R.36 affirmance without opinion. Following the Federal Circuit’s decision, an ad-hoc group of doctors, patients, and Amarin stock holders (collectively known as EPA Drug Initiative II) moved to intervene in the lawsuit and asked the court to vacate i...
Tags: Law, Epa, Patent, Fed, Federal Circuit, PTAB, Biotechnology Innovation Organization, Amarin, Vascepa, Hikma Pharmaceuticals USA Inc, Dennis Crouch Amarin Pharma Inc, EPADI, EPADI Motino, Edmund Kitch

15-year fixed mortgages drop to record low of 2.1%

Where is the bottom? This week the Freddie Mac primary market mortgage survey shows the 15-year fixed hitting a record-low of 2.1% with a 0.7-point cost. One year ago, during Wave 1 of the COVID-19 triggered refinance mania, the 15-year was 41 basis points higher at 2.51%. The 15-year fixed is currently available at a 1.75% interest rate in California if you are willing to pay some points. Because mortgage sizes are much larger in California, mortgage pricing is always better than Freddie’s nati...
Tags: Business, Real Estate, News, California, Housing, America, Sport, Soccer, Delta, New Homes, Fed, San Bernardino, Freddie Mac, FHA, Freddie, Fannie

Rep. Don Beyer is proposing a new bill to regulate digital assets and provide the Fed with clear authority to issue a digital dollar

Nurphoto Representative Don Beyer of Virgina introduced a bill in the House that aims to create a widespread framework for regulating digital assets. One proposal in the bill is to provide the Federal Reserve with explicit authority to issue a digital version of the US dollar. The bill would also clarify which assets are securities and therefore under the jurisdiction of the SEC. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Representative Don Beyer introduced ...
Tags: Congress, Virginia, US, Trends, Markets, House, Cftc, Treasury, Crypto, SEC, Federal Reserve, Cryptocurrency, Fed, The Fed, the Federal Reserve, Virgina

Supreme Court Called Again to Review IPR Appeal: This time on Discretionary Denials

by Dennis Crouch The NHK-Fintiv Rule provides the PTAB with authority to deny institution of IPR proceedings when the challenged patent is already subject to pending parallel district court litigation.  The rule stems from two PTAB decisions that were later designated as precedential. NHK Spring Co., Ltd. v. Intri-Plex Techs., Inc., IPR2018-00752, 2018 WL 4373643 (Patent Tr. & App. Bd. Sept. 12, 2018), designated precedential on May 7, 2019. Apple Inc. v. Fintiv, Inc., IPR2020-00019, 2020 WL ...
Tags: Apple, Supreme Court, Law, Congress, Patent, Apple Inc, Fed, Board, Lee, Gilstrap, PTO, NHK, Federal Circuit, Cisco Systems Inc, IPR, Dennis Crouch

Fed will keep buying $40 billion in mortgages every month

As Fed's balance sheet approaches $8 trillion, policymakers say path of the economy continues to depend on the course of the pandemic.
Tags: Radio, Mortgage, Federal Reserve, Mortgage Rates, Fed, Jerome Powell, James Bullard, Tapering, Markets & Economy, Select, Mortgage-Backed Securities

US stocks rise as investors weigh GDP growth against higher than expected jobless figures

Xinhua/Wang Ying/ Getty Images US stocks edged higher Thursday as investors mulled GDP numbers, jobless claims, and the conclusion of the Fed meeting. US gross domestic product grew at an annualized rate of 6.5% in the second quarter of 2021, missing the 8.5% jump estimated by economists. Robinhood priced its IPO at $38 a share, valuing the brokerage app at $32 billion. "HOOD" will begin trading on the Nasdaq later today. Sign up here for our daily newsletter, 10 Things Before the Openi...
Tags: US, Trends, Markets, Federal Reserve, US GDP, Nasdaq, Robinhood, Dow Jones, Jefferies, Dow, S&P 500, Fed, The Fed, Jerome Powell, Emily Graffeo, Stock market news today

Global shares rise after the Fed signals no change in policy, while China calms investor concerns about regulatory crackdowns

Spencer Platt/Getty Images Global equities rose on Thursday after the Federal Reserve kept US monetary policy unchanged. Investor sentiment was further underpinned by China soothing some concerns over recent regulatory crackdowns. Commodities rose along with a weaker dollar, with gold and silver gaining sharply. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Global shares rose on Thursday after the Federal Reserve kept monetary policy unchanged the previous day...
Tags: Hong Kong, China, Global, US, Trends, Frankfurt, Paris, Shanghai, Treasury, Federal Reserve, Nasdaq, Dow Jones, Investors, Fed, ING, OANDA

10 things before the opening bell

REUTERS/Dado Ruvic/Illustration Welcome to 10 Things Before the Opening Bell. If this was forwarded to you, sign up here. Markets Insider is selling its first NFTs. Get the details here.Let's get into it.1. US stock futures are trading higher after the Fed signaled it sees no need to adjust monetary policy yet. With the dollar under pressure, commodities are getting a boost. Take a look at what the major markets are doing today.2. Robinhood priced its long-awaited IPO at $38 per share...
Tags: Apple, Facebook, China, US, Trends, Bloomberg, Robinhood, Fed, Don, SPAC, Phil Rosen, Amazon Samsung Mastercard

Dow, S&P Futures Rise as Fed Stays Dovish Course; Ford Jumps

By Sagarika Jaisinghani(Reuters) - Futures tracking the Dow and the S&P 500 rose on Thursday as comments from the Federal Reserve that the U.S....
Tags: Federal Reserve, Fed, Sagarika Jaisinghani Reuters Futures, Ford Jumps

Marketmind: A Step Closer to Fed Taper, Quelle Surprise!

A look at the day ahead from Danilo Masoni.The main reveal from the Fed's statement was that it was inching closer to a policy normalisation...
Tags: Fed, Danilo Masoni

Analysis: as Fed Tiptoes Around Tapering, Investors Look to Jackson Hole Meeting for Clarity

By David Randall and Gertrude Chavez-DreyfussNEW YORK (Reuters) - Investors looking for clear guidelines on when the Federal Reserve will begin...
Tags: Federal Reserve, Fed, Reuters Investors, David Randall, Gertrude Chavez

Stock market news live updates: Stock futures mixed after earnings, Fed decision

Stock futures searched for direction Wednesday evening amid a mixed batch of corporate earnings results and a Federal Reserve decision...
Tags: Federal Reserve, Fed

Stock futures lower after Fed keeps interest rates near zero

U.S. stock futures dipped Wednesday night after the Federal Reserve made no move on asset purchases.
Tags: Federal Reserve, Fed

US stocks trade mixed as Powell says economy is making progress

Jerome Powell Pool/ Getty Images US stocks closed mixed on Wednesday after Fed Chairman Jerome Powell said the economy is making progress towards it tapering standards.Despite the economic progress, Powell said the Fed is not yet ready to begin tapering its monthly bond purchases.Investors were also digesting earnings results from mega-cap tech companies like Apple, Alphabet, and Microsoft.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.US stocks were mixed on Wedne...
Tags: Apple, Microsoft, Ipo, Elizabeth Warren, US, Trends, Markets, Beijing, Treasury, Crypto, Warren, Janet Yellen, Federal Reserve, Stock Market, Nasdaq, S&P 500

Rising wages are doing more good than bad, Fed's Powell says

Mark Wilson/Getty Images Rising wages aren't contributing to decade-high inflation, Fed Chair Jerome Powell said Wednesday. Today's trend is different and healthier than the wage-price spiral of the 1970s, he added. The comments echo remarks from President Joe Biden, who's repeatedly praised the jump in worker pay. See more stories on Insider's business page. Wages are rising, but not to a degree that should concern economists, Federal Reserve Chair Jerome Powell said Wedn...
Tags: Labor, US, Trends, Joe Biden, FOMC, Fed, Walsh, Powell, Marty Walsh, Oxford Economics, Federal Reserve Chair, Mark Wilson Getty, Jerome Powell, Fed Chair, Gregory Daco, Ben Winck

Fed's Powell Downplays Delta Variant's Threat to the Economy

The spread of the COVID-19 delta variant is raising infection rates, leading some businesses and governments to require vaccinations and raising concerns about the U.S. economic recovery.
Tags: Fed, Powell

Fed says Delta won't ruin the recovery. But we're still a long way from normal

The Federal Reserve left interest rates and monetary policy unchanged on Wednesday, pointing to the nation's as yet incomplete economic recovery.
Tags: Cnn, Delta, Federal Reserve, Fed

Dow dips below 35,000 as Fed holds, says inflation remains transitory

U.S. stock markets ended mixed Wednesday as investors digested the Federal Reserve's latest policy decision and sorted through earnings from several blue-chip and tech bellwethers.
Tags: Finance, Article, Federal Reserve, Fed, FBN, Fbn/markets, FOXBusiness, Fox-business/markets/stocks, Fox-business/markets/us-markets, Jonathan Garber, Fox-business/markets/us-markets/marketcheck, 84a91d06-34cf-5c46-bb7c-83eaac670bb6

US economic recovery 'making progress', says Fed

Widespread vaccinations have helped boost the economy and employment, the US central bank says.
Tags: Business, US, Fed

S&P 500 Climbs as Fed Keeps Rates Steady, Signals Progress on Tapering Goal By

S&P 500 Climbs as Fed Keeps Rates Steady, Signals Progress on Tapering Goal
Tags: Fed