Index Shows Slower Factory Growth in Chicago Area
U.S. businesses filled orders much more quickly in April, a sign of dwindling demand for their products, according to a survey of Chicago-area purchasing managers.
Kansas City Fed Picks Barclays Economist For Key Advisory Role
A former economist at the Federal Reserve Bank of Kansas City is returning after a brief stint in the private sector to become the bank's chief economic adviser.
Markets Don’t Believe Fed’s 2014 Rate Timetable
Traders of CME-listed federal-funds futures remained relatively confident the Fed will start raising its short-term funds rate in the first half of 2014. That would be a quicker time frame from the Fed's latest policy statement--that the funds rate wou...
Market Places Lower Odds on Mid-2014 Rise in Fed Rate
Fed-funds futures traders aren't so sure that the central bank will start raising rates by mid-2014 even though Friday's jobs report was much better than expected.
Bullard Opposes Zero-Rate Policy Through 2014
The Fed should start raising its short-term funds rate in 2013, at least a year ahead of the central bank's current plan, a Fed policy maker said Monday.
Fed’s Evans Would Back ‘Very Aggressive’ Debt Purchases
A high-profile defender of Fed policies to stimulate the U.S. economy would back "very aggressive" debt purchases by the Fed, and said he believes the central bank should more explicitly state the conditions necessary for a federal-funds rate increase.
Former Fed Hawk Hoenig’s Successor Makes First Policy Speech Tuesday
Esther George will make her first public comments on the economy and monetary policy Tuesday as a member of the Fed elite, with market watchers still unsure whether she will follow her predecessor's outspoken path.
Fed’s Evans Seeks To ‘Take New Chances’ on Monetary Policy
The slow-to-recover U.S. economy requires the Fed to "stretch the boundaries and take new chances" on monetary policy, a key Fed official said.
Chicago Business Barometer Surprisingly Strong in September
The U.S. economy showed signs of digging itself out of a rut in September, perhaps avoiding another recession, a survey of Chicago area purchasing managers revealed on Friday.
Chicago PMI Shows Slowing Manufacturing Expansion
Business activity in the U.S. continued to expand in August, but at a slower pace, according to a closely-watched index based on a survey of Chicago area purchasing managers.
Fed’s Evans Would Back More Stimulative Policies if Growth Lags
If economic growth doesn't pick up in the third quarter, Federal Reserve Bank of Chicago President Charles Evans said he would push for expanding the Fed's already unprecedented stimulative policies.
Fed-Funds Futures Cut Odds of Early 2012 Rate Increase
Having received the strongest indication yet of a slowing economic recovery, traders of U.S. interest rate futures on Friday backed off on the notion that the Fed will start raising its short-term federal-funds rate during the first half of next year.
