Demand for residential real estate loans strengthened in the second quarter over the previous period, a Federal Reserve survey said.
Notes from the last Federal Reserve meeting don’t make the Fed’s plans any clearer.
Federal Reserve Chair Janet Yellen returns to the most-watched economic confab of the year — the symposium in Jackson Hole, Wyoming — after missing last year’s, and all ears will be listening for a hint at monetary policy for the rest of the year.
The Bank of England cut its key bank rate to 0.25% as it tries to dampen a recession that economists had predicted following the vote by the U.K. to leave the European Union.
This week, Japan’s cabinet approved a stimulus package with new spending of $73 billion made up, in part, of helicopter money.
The central bank votes thumbs-down to an increase in interest rates, kicking the can down the road to at least September.
The U.S. economy is on fire. So what’s keeping the Federal Reserve from raising interest rates?
Next week, the Federal Open Market Committee meets to decide on the direction of monetary policy. Currently, the fed funds rate sits at 0.25% to 0.5%.
The Fed’s new Beige Book economic survey says the economy is growing and some jobs are going begging.
The economy still has some stuff to work on, but it’s making a comeback.