br00t4c, to random
@br00t4c@mastodon.social avatar

More Americans are maxing out their credit cards and falling behind on payments

https://qz.com/credit-card-delinquency-new-york-fed-1851476865

wjmaggos, to random
@wjmaggos@liberal.city avatar

"The U.S. Treasury and the are separate entities. The manages all of the money coming into the govt and paid out by it. The Fed's primary responsibility is to keep the economy stable by managing the supply of money in circulation."

This makes sense. The rest of the article, explaining how the Fed does other stuff too, confuses me. The Treasury should do all that. The Fed's primary responsibility should be its only responsibility.

https://www.investopedia.com/articles/economics/08/treasury-fed-reserve.asp

br00t4c, to business
@br00t4c@mastodon.social avatar

High interest rates aren't going away anytime soon - a business economist explains why

https://www.alternet.org/high-interest-rates-arent-going-away-anytime-soon-a-business-economist-explains-why/

jackhutton, to geopolitics
@jackhutton@mstdn.social avatar

This is really important, read and share this. [Gifted article, The Washington Post] This should be a 5-alarm fire for anyone who cares about inflation

With the 2024 election approaching, the central bank’s independence is on the line. By Catherine Rampell

https://wapo.st/44q1mKa

thejapantimes, to business
@thejapantimes@mastodon.social avatar

Reassurances by U.S. Federal Reserve Chairman Jerome Powell may not be enough to calm frazzled U.S. stock and bond investors, as uncertainty over the path of inflation intensifies the focus on upcoming data. https://www.japantimes.co.jp/business/2024/05/02/markets/powell-inflation-spooked-markets/

br00t4c, to random
@br00t4c@mastodon.social avatar
raymondpert, to geopolitics
@raymondpert@mastodon.cloud avatar

Fed's preferred inflation gauge shows price pressures stayed elevated last month

> A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed's reluctance to cut interest rates anytime soon and underscoring a burden for President 's re-election bid.
https://abcnews.go.com/Business/wireStory/feds-preferred-inflation-gauge-shows-price-pressures-stayed-109688439

thejapantimes, to business
@thejapantimes@mastodon.social avatar

The world’s financial markets are encountering a force they didn’t bet on for 2024: A strong dollar is back and looks set to stay. https://www.japantimes.co.jp/business/2024/04/23/markets/us-dollar-extended-reign/ #business #markets #us #dollar #globaleconomy #federalreserve

Nonilex, to money
@Nonilex@masto.ai avatar

from George F. Will:

“…The was instrumental in igniting w/too-cheap for too long, & then was serene about inflation’s supposedly ‘transitory’ nature. In 2012, announced its hubristic plan to achieve its aspiration of exactly 2% inflation.

https://www.washingtonpost.com/opinions/2024/04/17/federal-deficit-and-inflation-danger/

br00t4c, to random
@br00t4c@mastodon.social avatar

Wall Street is watching the Fed 'way too much,' Bank of America's CEO says

https://qz.com/bank-of-america-brian-moynihan-federal-reserve-rates-1851415600

raymondpert, to geopolitics
@raymondpert@mastodon.cloud avatar

A top Federal Reserve official opens door to keeping rates high for longer

> Vice Chair Philip Jefferson suggested that the central bank’s key rate may have to remain at its peak for a while to bring down persistently elevated
https://abcnews.go.com/Business/wireStory/top-federal-reserve-official-opens-door-keeping-rates-109306077

br00t4c, to random
@br00t4c@mastodon.social avatar
RememberUsAlways, (edited ) to random
@RememberUsAlways@newsie.social avatar

Who has the most control of in the ?

Please boost for accuracy.

RememberUsAlways,
@RememberUsAlways@newsie.social avatar

@ZeroSum06
The is a "quasi-governmental agency with a board of governors selected by the President and approved by Congress."
This structure is nearly identical to how the operates.
@rfichoke

br00t4c, to random
@br00t4c@mastodon.social avatar
br00t4c, to random
@br00t4c@mastodon.social avatar

The Dow recovers after the Fed hints at interest rate cuts

https://qz.com/stock-market-dow-fed-cut-rates-1851385271

thejapantimes, to business
@thejapantimes@mastodon.social avatar

Federal Reserve Chair Jerome Powell repeated that the U.S. central bank isn’t in any rush to cut interest rates as policymakers await more evidence that inflation is contained. https://www.japantimes.co.jp/business/2024/03/30/economy/jerome-powell-fed-rate-cuts/

br00t4c, to random
@br00t4c@mastodon.social avatar

Fed Chair Jerome Powell is in no hurry to lower interest rates

https://qz.com/federal-reserve-jerome-powell-interest-rates-inflation-1851375300

tagesschau, to random German
@tagesschau@ard.social avatar

Marktbericht: Zinseuphorie treibt Börsen zu neuen Rekorden

Dank positiv aufgenommener Zinssignale der US-Notenbank Fed haben die Aktienmärkte ihre Rekordjagd fortgesetzt. Sowohl der DAX als auch die großen US-Indizes erreichten mal wieder neue Höchststände.

➡️ https://www.tagesschau.de/wirtschaft/finanzen/marktberichte/marktbericht-dax-dow-fed-inflation-zinsen-geldanlage-100.html?at_medium=mastodon&at_campaign=tagesschau.de

br00t4c, to environment
@br00t4c@mastodon.social avatar
tagesschau, to random German
@tagesschau@ard.social avatar

Marktbericht: DAX-Anleger bleiben in Rekordlaune

Hinweise der US-Notenbank Fed auf womöglich bald sinkende Zinsen haben den DAX heute erneut auf einen neuen Höchststand getrieben. Auch an der Wall Street setzte sich die Rekordrally fort.

➡️ https://www.tagesschau.de/wirtschaft/finanzen/marktberichte/marktbericht-dax-dow-fed-inflation-zinsen-geldanlage-100.html?at_medium=mastodon&at_campaign=tagesschau.de

br00t4c, to random
@br00t4c@mastodon.social avatar
br00t4c, to environment
@br00t4c@mastodon.social avatar
tagesschau, to random German
@tagesschau@ard.social avatar

Marktbericht: Rekordrally an den Börsen geht weiter

Die Signale der US-Notenbank sorgen an den Börsen für Zinsoptimismus. Die US-Indizes erreichen im frühen Handel Rekordhochs. Und auch der DAX markierte heute mal wieder einen neuen Höchststand.

➡️ https://www.tagesschau.de/wirtschaft/finanzen/marktberichte/marktbericht-dax-dow-fed-inflation-zinsen-geldanlage-100.html?at_medium=mastodon&at_campaign=tagesschau.de

tagesschau, to random German
@tagesschau@ard.social avatar

Marktbericht: DAX-Gewinne schmelzen dahin

Geht die DAX-Rekordrally zu Ende? Nach einem starkem Auftakt inklusive eines neuen Rekordhochs fällt der deutsche Leitindex wieder zurück. Nach der Zinseuphorie fehlen die Impulse für Anschlusskäufe.

➡️ https://www.tagesschau.de/wirtschaft/finanzen/marktberichte/marktbericht-dax-dow-fed-inflation-zinsen-geldanlage-100.html?at_medium=mastodon&at_campaign=tagesschau.de

tagesschau, to random German
@tagesschau@ard.social avatar

Marktbericht: DAX steuert auf 18.200 Punkte zu

Die Euphorie wegen des erwarteten Zinssenkungskurses der US-Notenbank Federal Reserve treibt den DAX zum nächsten Rekord. Experten warnen aber vor einer Übertreibung. Wann kommt die Korrektur?

➡️ https://www.tagesschau.de/wirtschaft/finanzen/marktberichte/marktbericht-dax-dow-fed-inflation-zinsen-geldanlage-100.html?at_medium=mastodon&at_campaign=tagesschau.de

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