Page 16 - Developments Around News Today

Central Banks Look to Raise Gold Reserves; Debt-Ceiling Agreement Faces Crucial First Test in House By Perry Cleveland-Peck Good day. Last year, central banks bought a record 1,136 metric tons of gold amid rising interest rates from key central ban... | 07:16am

Fed Minutes Reveal Split Over June Rate Increase; Bank Executives Say Crisis Over, But Challenges Remain By James Christie Good day. Federal Reserve officials next meeting is June 13-14, and their decision over whether to raise rates or hold them s... | 07:16am

U.S. Economy Shows Strength; ECB Could Raise Rates While Fed Pauses; Fighting for Paper Money By Michael Maloney Good day. U.S. economic activity rose in May to the highest pace in 13 months, showing persistent resilience to rising interest rates a... | 07:16am

Inflation Is Putting Many Americans in a Tough Spot; Yield-Curve Pioneer Sees Recession Coming By Michael Maloney Good day. Americans reported a sharp decline in their financial well-being last fall as high inflation eroded earnings and savings, ac... | 07:16am

Powell Open to Holding Rates Steady in June; Bowman Warns Against Bank Regulation Overreach By Michael Maloney Good day. Federal Reserve Chair Jerome Powell suggested he was open to holding interest rates steady at the central bank's meeting next m... | 07:16am

Fed Officials Split Over Next Rate Move; The High Cost of Car Repairs By James Christie Good day. Federal Reserve officials appear split over whether to raise interest rates in June or hit pause on the central bank's rate campaign intended to tame ... | 07:16am

Jefferson Is Biden's Pick for Second in Command at the Fed; U.S. Tax Revenue Coming Up Short By James Christie Good day. Federal Reserve governor Philip Jefferson is in line to become second in command at the central bank if the Senate confirms his... | 07:16am

Bowman Signals Support for More Rate Rises; Fed Shouldn't Give Climate Concerns Special Focus, Waller Says; Glut of Empty Offices By Perry Cleveland-Peck Good day. At the Federal Reserve's meeting in March, most officials projected holding rates st... | 07:16am

Banking Stress Is Top Risk to Economy, Fed Says; Lending Standards Tighten in U.S. By James Christie Good day. Turmoil in the banking sector was the second-highest risk to the U.S. economy, highlighted by the Federal Reserve in its financial-stabil... | 07:17am

The Trend Toward Narrower Trade Pacts; St. Louis Fed's Bullard Says Recession Concerns Exaggerated By James Christie Good day. As economic and political tides turn against sweeping trade deals, governments are turning to narrower, less controversia... | 07:16am