Page 9 - Marriners Eccles News Today

"Selling prices increased at a modest or moderate pace in most districts, though many said that the pace of increases had slowed from that of recent reporting periods," the Fed said.

Three-quarters of bank financial officers said they would very likely turn to Federal Home Loan bank advances to boost falling reserve balances. The top priority was to meet liquidity requirements set in stress tests.

Concern for the state of the Black economy lingers as African Americans have historically suffered during economic downturns.

The Federal Reserve has increased the federal funds rate by 50 basis points, marking the highest increase since 2007

The Federal Reserve Board of Governors said it only needs to disclose records about its decision making process, but Custodia says the central bank is playing by its own rules.

Pictures of a fortress-like wall around the Federal Reserve Board building led to a wave of conspiracy claims on Twitter.

The central bank is budgeting initial losses for its long-anticipated instant payment system, which is scheduled to debut next summer.

Facing calls for more transparency around its account-granting processes, the central bank has proposed making a public database of institutions with access to its services.

US central bankers started their two-day policy meeting Tuesday with persistently high inflation backing expectations of another rate hike -- a fourth straight steep increase as price pressures fail to ease quickly enough.

(Archived document, may contain errors) 10 April 1979 THE ANTI-DEFENSE LOBBY: PART I CENTER FOR DEFENSE INFORMATION (Executive Summary)