Federal Reserve

Federal Reserve Chair Janet Yellen has announced that she will resign from the Federal Reserve rather than continue to serve in a governor role once her replacement takes office Jan. 31, 2018. In a resignation letter to President Donald Trump, Yellen said she is proud of how far the U.S. economy...

In the eight months since President Donald Trump assumed office, the financial sector has been moved by quite a few catalysts. There’s the bipartisan press for the 21st Century Glass-Steagall Act, which would more solidly bifurcate banks into commercial and investment segments to improve...

The Federal Reserve will lose an influential centrist with the resignation of Vice Chairman Stanley Fischer, according to a letter sent Wednesday to President Donald Trump. Fischer will retire from the Board of Governors by Oct. 13 for “personal reasons,” leaving his leadership post one...

All roads led to Jackson Hole, Wyoming, this weekend, as central bankers, chief executives of banks, finance ministers, U.S. government representatives and academics all converged at this scenic location to air their views, both formally and informally, on various economic issues. This two-day...

Economic health is sound enough for the market to expect the Fed to continue with its measured pace of rate increases. Therefore, when Federal Reserve chair Janet Yellen sounded dovish at last week's semi-annual monetary policy testimony, it came as a surprise. The testimony, which cast a cloud of...

Macroeconomic events and releases move markets in varying degrees, with some possessing the potential to move markets in a big way, are termed as first-tier economic data. Meanwhile, there are others that are relatively inane and don't cause big swings in the market. Less market-moving...

Oppenheimer Asset Management's John Stoltzfus was bullish on the S&P 500's prospects heading into 2017 and estimated the index would close the year at 2,450. Now that the index has already breached his end of year target is he calling for further upside or merely expecting the market to trade...

The Federal Reserve’s June 14 report heralded a tightening of monetary policy and gradual rate hikes to achieve the Federal Open Market Committee’s 2-percent inflation goal. But any excitement surrounding the news was quickly neutralized by Amazon.com, Inc. (NASDAQ: AMZN)’s...

Considering a strengthening labor market, solid job gains, rising household spending and expansion of business fixed investments, the Federal Open Market Committee of the Federal Reserve raised the target interest rate to between 1 and 1.25 percent Wednesday. Additionally, it announced an impending...