In a recent report, the US Federal Reserve (FED) projected a slowdown in wage growth for the second half of the year, attributing it to rising labor costs. These costs, in large part, are the result of the Fed's decisions to increase interest rates in order to control inflation.
The forecast,…
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FED
The FED fines Deutsche Bank 186 million euros
The Federal Reserve of the United States (Fed) has fined the Deutsche Bank group, its division in New York and other subsidiaries in the country with 186.4 million dollars (166.7 million euros) after concluding that the German entity did…
Goldman Sachs under investigation by the Fed and the SEC for its role in the collapse of the Silicon…
Goldman Sachs is currently under investigation by the Federal Reserve (Fed) and the US Securities and Exchange Commission (SEC) due to its involvement in the last days of the ill-fated Silicon Valley Bank (SVB), which collapsed last March.…
US Federal Reserve admits surprise at Silicon Valley Bank collapse
The US Federal Reserve admitted its surprise at the sudden collapse of Silicon Valley Bank, which was under its watch.
Fed Chairman Jerome Powell told a news conference after the Federal Open Market Committee meeting that he immediately…
Elon Musk asks to lower interest rates by 50 basis points
The magnate and co-founder of Tesla, as well as owner of the social network Twitter, Elon Musk, believes that the United States Federal Reserve should undertake a drop of half a percentage point in the reference interest rate at its meeting…
Fed will try to keep the dollar liquid
The US Federal Reserve (Fed) announced a coordinated plan with five other central banks to keep the US dollar liquid during a series of bank failures in the US and Europe.
The plan will use currency swap lines between central banks to…
The US economy grew “slightly” in early 2023
The Beige Book of the US Federal Reserve (Fed), a document that provides a detailed assessment of the economy by the 12 US regional central banks, indicated that the country grew "slightly" at the beginning of the year.
"Economic activity…
The IMF recommends the Fed to continue with its policy
The US Federal Reserve (Fed) should not relax yet in the fight against inflation, according to the deputy managing director of the International Monetary Fund (IMF), Gita Gopinath, for whom the US central bank has to "stay the course" and…
40 % of banks want to develop Bitcoin technology
The United States Federal Reserve (FED) conducted a survey of a group of national and international banks where 40 % certified their interest in including and developing, in the short and medium term, products related to Bitcoin technology.…
The Fed decreed a new increase in interest rates
The Federal Reserve of the United States (FED) decreed a new increase in reference interest rates in the order of 0.5 percentage points to place them in a range that oscillates between 0.75 % and 1 % with the purpose of avoiding a increase…
The FED predicts a change in payment methods
John Williams, president and CEO of the New York Federal Reserve, warned the world of the economy in general to prepare for a significant change in the way payments will be made in the future.
The representative of the entity spoke during…
The Fed will reduce its balance sheet by 95,000 million dollars
The United States Federal Reserve (Fed) opened the door, in its last monetary policy meeting, to a reduction in its balance of assets worth 95,000 million dollars, (equivalent to 87,188 million euros) per month as of summer, according to…