Federal Reserve - updates

Rappler's latest stories on Federal Reserve

ARTICLE FINDER

U.S. Fed cuts key interest rate a quarter point, citing 'uncertainties'

Sep 19, 2019 - 12:40 PM

The United States Federal Reserve lowers the benchmark interest rate by 25 basis points to a target range of 1.75% to 2%, but its policy committee is divided

RATE CUT. United States Federal Reserve Chairman Jerome Powell speaks during a press conference after a Federal Open Market Committee meeting in Washington, DC, on July 31, 2019. Photo by Andrew Caballero-Reynolds/AFP

U.S. sees 'modest' growth, businesses show 'near-term' optimism – Fed

Sep 05, 2019 - 9:50 AM

The United States Federal Reserve cites trade concerns, but says majority of businesses remain optimistic about the near-term outlook

BUSINESSES. Buildings, both residential and commercial, give form to the iconic Manhattan skyline on June 13, 2019 in New York City. Photo by Spencer Platt/Getty Images/AFP

Trump heads to G7 with potshot at French hosts over taxes

Aug 24, 2019 - 1:30 PM

'I don't want France going out and taxing our companies.... And if they do that, we'll be taxing their wine,' says US President Donald Trump ahead of the G7 summit in France

US President Donald Trump gestures as he speaks to the press while departing the White House in Washington, DC, on August 23, 2019, for the G7 Summit in France. (Photo by Alastair Pike / AFP)

IMF tells Trump: It's not working

Aug 22, 2019 - 10:31 AM

In unusually blunt language, the IMF blog post says US policy moves are counterproductive, won't achieve the desired results, and will slow the global economy

NOT WORKING. File photo of US President Donald Trump. Photo by Saul Loeb/AFP

U.S. Fed cuts key interest rate to 'insure' against global uncertainties

Aug 01, 2019 - 8:15 AM

US President Donald Trump wastes no time in attacking on Twitter, saying the US Federal Reserve's move falls far short of the 'aggressive rate-cutting cycle' he wants

US Federal Reserve Chairman Jerome Powell speaks during a press conference after a Federal Open Market Committee meeting in Washington, DC on July 31, 2019. - The US Federal Reserve cut the benchmark lending rate on Wednesday for the first time in more than a decade, moving to stimulate the economy after a year of sustained pressure from President Donald Trump. Powell signaled Wednesday that the US central bank is not launching a new round of interest rate cuts to boost the economy. With many economists expected at least one more rate cut this year, Powell said the move Wednesday was to "insure" the economy against global uncertainties (Photo by ANDREW CABALLERO-REYNOLDS / AFP)

U.S. Fed to join ranks of other central banks in stimulating economy

Jul 31, 2019 - 2:45 PM

United States President Donald Trump will certainly cheer a rate cut, but economists are torn

After a year of Trump pressure, U.S. Fed struggles to communicate

Jul 28, 2019 - 11:20 PM

The United States Federal Reserve suffers a number of awkward stumbles in communications, while facing repeated attacks from US President Donald Trump

US Federal Reserve Board Chairman Jerome Powell addresses a dinner following the Conference "Bretton Woods: 75 years later - Thinking about the next 75 years" at the Banque de France headquarters in Paris on July 16, 2019. (Photo by ERIC PIERMONT / AFP)

Trump attacks US Fed, demands rate cut

Jul 19, 2019 - 11:51 PM

In another Twitter outburst, Trump calls on the US Federal Reserve to 'Correct!' its overreach

DONALD TRUMP. US President Donald Trump speaks to the media as he walks to Marine One prior to departing from the South Lawn of the White House in Washington, DC, July 5, 2019. Photo by Saul Loeb/AFP

U.S. Fed to look 'carefully' at Facebook virtual coin Libra

Jun 26, 2019 - 1:15 PM

Federal Reserve chairman Jerome Powell becomes the latest official to voice concern over the global virtual currency unveiled last week by Facebook


U.S. Fed opens door to rate cut amid growing 'uncertainties'

Jun 20, 2019 - 2:35 PM

The US Federal Reserve says trade friction and slowing growth worldwide have led many central bankers to feel the case for an interest rate cut has 'strengthened'

RATE UNCHANGED. United States Federal Reserve Chairman Jerome Powell during a press briefing following a Federal Open Market Committee meeting on March 20, 2019, in Washington, DC. Photo by Brendan Smialowski/AFP

U.S. Federal Reserve leaves key rate unchanged amid mixed economic signals

May 02, 2019 - 5:25 PM

The United States Federal Reserve votes unanimously to keep the benchmark interest rate in a range of 2.25% to 2.5%

Federal Reserve Board Chair Jerome Powell speaks during a press conference after a Federal Open Market Committee meeting in Washington, DC, on May1, 2019. - The US Federal Reserve decided Wednesday to keep its benchmark interest rate unchanged amid mixed signals about the direction of the US economy. (Photo by MANDEL NGAN / AFP)

U.S. Fed now expects no rate hikes in 2019

Mar 21, 2019 - 1:50 PM

The United States Federal Reserve's surprising change of direction follows the 4 rate increases in 2018

Federal Reserve Chairman Jerome Powell during a press briefing following a Federal Open Market Committee meeting March 20, 2019 in Washington, DC. - Powell said Wednesday it could be "some time" before the US central bank will have to change the key lending rate. The Fed kept the benchmark borrowing rate unchanged and forecast no more increases this year. (Photo by Brendan Smialowski / AFP)

Fed to hold fire on interest rates as world economy slows

Mar 17, 2019 - 11:10 PM

Economists also expect the United States Federal Reserve to once again lower the number of rate hikes projected in 2019

U.S. FEDERAL RESERVE. Chairman Jerome Powell speaks during a news conference in Washington, DC, on March 21, 2018. File photo by Alex Wong/Getty Images/AFP

U.S. Federal Reserve assists Bangladesh over cyberheist case vs RCBC

Feb 02, 2019 - 6:47 PM

'This agreement demonstrates that the New York Fed and Bangladesh Bank are aligned in the pursuit of recovering the funds and directing litigation against those who were complicit in or benefitted from the fraud,' says the US Federal Reserve Bank and Bangladesh's central bank

CENTRAL BANK. A cornerstone in the Federal Reserve Bank of New York building is seen on July 29, 2011 in New York City. Andrew Burton/Getty Images/AFP

U.S. hands bank accounts to Venezuela's Guaido

Jan 29, 2019 - 11:13 PM

Secretary of State Mike Pompeo has signed off on the order for Juan Guaido to control holdings in the Federal Reserve Bank of New York and federally insured banks

INTERIM. In this file photo, Juan Guaido speaks to the crowd during an extraordinary open meeting in front of the headquarters of the United Nations Development Programme in Caracas on January 11, 2019. File photo by Yuri Cortez/AFP

Trump downbeat on Fed as markets nosedive

Dec 26, 2018 - 8:33 AM

President Donald Trump rails against the Federal Reserve amid a US stock market on track for its worst December since the Great Depression

US President Donald Trump speaks to the press aboard Air Force One in flight as he travels from Joint Base Andrews in Maryland, to Bedminster, New Jersey, June 29, 2018. / AFP PHOTO / SAUL LOEB

U.S. Fed raises benchmark interest rate

Sep 27, 2018 - 11:55 AM

US President Donald Trump says he is 'not happy' about the move of the central bank

U.S. FEDERAL RESERVE. Chairman Jerome Powell speaks during a news conference in Washington, DC on March 21, 2018. File photo by Alex Wong/Getty Images/AFP

U.S. Fed to hold fire amid rising market sensitivity

Apr 29, 2018 - 11:50 PM

Investors will be looking for signs of how concerned US officials appear to be about rising wages and inflation

WASHINGTON, DC - MARCH 21: U.S. Federal Reserve Chairman Jerome Powell speaks during a news conference March 21, 2018 in Washington, DC. The Fed today as expected announced a quarter-point increase in interest rates under its new chairman. Alex Wong/Getty Images/AFP

PH economy reverts to hot money outflows of $545 million in February

Mar 15, 2018 - 9:35 PM

The Bangko Sentral ng Pilipinas attributes the net outflows to investor concerns over the possibility of a US Federal Reserve rate hike

New leader to take the helm at U.S. Federal Reserve

Feb 04, 2018 - 10:09 AM

Jerome Powell takes over at a remarkably quiet time following a decade of economic turmoil that forced the central bank into uncharted policy waters to try to recover from the global financial crisis

NEW FED CHAIR. In this file photo, Jerome Powell testifies during his confirmation hearing before the Senate Banking, Housing and Urban Affairs Committee November 28, 2017 on Capitol Hill in Washington, DC. Alex Wong/Getty Images/AFP

Fed's Yellen says no risks to stability 'flashing red' as markets boom

Dec 14, 2017 - 7:29 AM

Janet Yellen also did not express much concern about digital currency bitcoin which has seen a meteoric rise in recent weeks

WASHINGTON, DC - DECEMBER 13: Federal Reserve Chair Janet Yellen speaks during her last news conference in office December 13, 2017 in Washington, DC. Yellen announced that the Federal Reserve is raising the interest rates by a quarter point to 1.5%. Alex Wong/Getty Images/AFP

Janet Yellen to depart U.S. Federal Reserve in February

Nov 21, 2017 - 7:00 AM

In her resignation letter to Donald Trump, Yellen said she is pleased by the US economy's continuing recovery from the Great Recession of 2008-2009

STEPPING DOWN. In this file photo, Federal Reserve Board Chair Janet Yellen holds a news conference December 14, 2016 in Washington, DC.  Chip Somodevilla/Getty Images/AFP

Trump taps Jerome Powell to lead U.S. Federal Reserve

Nov 03, 2017 - 11:56 AM

President Donald Trump has decided not to reappoint current Fed Chair Janet Yellen, the first woman to oversee monetary policy, despite praising her excellent management of the US economy over the past 4 years

NOMINEE. US President Donald Trump walks with Jerome Powell, his nominee to be Federal Reserve chairman, at the White House in Washington, DC, on November 2, 2017. Photo by Nicholas Kamm/AFP

Trump set to undo another Obama legacy with Fed pick

Nov 02, 2017 - 10:04 AM

(UPDATED) Jerome Powell, a Federal Reserve Governor, is Donald Trump's pick to replace Janet Yellen at the helm of the US central bank

OUTGOING AND INCOMING. This combination of pictures created on October 31, 2017 shows a September 20, 2017 photograph of current Federal Reserve Chair Janet Yellen (L) in Washington, DC and a June 5, 2012 photograph courtesy the US Federal Reserve of Governor Jerome H. Powell. Photos by Saul Loeb/AFP (Yellen) and Britt Leckman/US Federal Reserve (Powell)

U.S. Fed begins two-day meeting as Yellen era appears set to close

Nov 01, 2017 - 8:10 AM

The White House is slated to unveil President Donald Trump's nominee for Fed chair on Thursday, November 2, the day after the meeting concludes

WASHINGTON, DC - DECEMBER 14: Federal Reserve Board Chair Janet Yellen holds a news conference December 14, 2016 in Washington, DC. Chip Somodevilla/Getty Images/AFP

Peso weakens, Mahmud Ahmad dead, DBM usec fired | Midday wRap

Oct 20, 2017 - 12:59 PM

Watch the midday newscast with Margie de Leon

Philippine peso weakens to new 11-year low

Oct 19, 2017 - 7:10 PM

The Philippine peso closes at P51.530 to $1 on Thursday, October 19, its weakest since August 24, 2006

Number two at U.S Federal Reserve to step down

Sep 07, 2017 - 7:35 AM

With Federal Reserve Vice Chair Stanley Fischer s departure President Donald Trump will be able to name the top three officials on the board including Fed Chair Janet Yellen whose term expires February 3

The US Federal Reserve building is seen August 1, 2015 in Washington, DC. Karen Bleier/AFP

10 years ago: A harbinger of 2008 financial crisis

Aug 15, 2017 - 1:30 PM

The first signs of the 2008 financial crisis showed up in August 2007

IN THE RED. In this file photo, an investor reacts as he monitors the share index at a private stock market gallery in Kuala Lumpur on September 18, 2008. AFP file

Trump to nominate financier to role of banking regulator

Jul 11, 2017 - 7:02 PM

Quarles who is founder and managing director of The Cynosure Group a private investment firm in Salt Lake City would be the latest financier to join the Trump administration

QUARLES. Randy Quarles, a former Treasury Department official, would be the latest financier to join the Trump administration. Photo from the Cynosure Group

Peso breaches $1 to 50 mark again

Jun 20, 2017 - 6:54 PM

'It is a reaction to external developments, particularly the hawkish statements of Fed officials overnight,' says BSP Governor Amando Tetangco Jr

Philippine stocks, peso down on another U.S. Fed hike

Jun 15, 2017 - 8:45 PM

The US Federal Reserve s decision to raise the benchmark interest rate for the 2nd time this year is the primary market mover on Thursday June 15

ANTICIPATED. The US Federal Reserve's decision to raise interest rates for the second time this year is a move widely expected by economists and investors. Rappler file photo

US Fed raises key rate, signals one more hike in 2017

Jun 15, 2017 - 7:13 AM

Federal Reserve Chair Janet Yellen says the move reflects the progress in the world s largest economy which continues to add jobs at a solid pace

FED HQ. The US Federal Reserve building is seen August 1, 2015 in Washington, DC. Karen Bleier/AFP

U.S. Fed: New rate hike likely coming 'soon'

May 25, 2017 - 10:35 AM

Most analysts expect two more rate increases this year likely in June and in September but there are now doubts over that schedule

RATE HIKE. Federal Reserve Board Chair Janet Yellen holds a news conference after the central bank announced an increase in the benchmark interest rate following a Federal Open Market Committee meeting on December 14, 2016 in Washington, DC. File photo by Chip Somodevilla/Getty Images/AFP

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Mar 23, 2017 - 1:20 PM

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#ThewRap: Things you need to know, March 23, 2017

Mar 23, 2017 - 11:08 AM

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U.S. suspects North Korea behind $81M Bangladesh theft – report

Mar 23, 2017 - 9:56 AM

The Wall Street Journal reports prosecutors were developing cases showing Chinese middlemen helped the North Korean government orchestrate the enormous theft from the Bangladesh central bank

A cornerstone in the Federal Reserve Bank of New York building is seen on July 29, 2011 in New York City. Andrew Burton/Getty Images/AFP

BSP likely to leave rates unchanged after another U.S. Fed hike

Mar 16, 2017 - 5:50 PM

An economist says the strategy to hike early on has allowed the BSP to stand pat in the face of 3 Fed rate hikes to date

WIDELY EXPECTED. BSP Governor Tetangco says the Fed rate hike is widely expected and already priced in. Screenshot from BSP Youtube page

U.S. Fed raises benchmark interest rate a quarter point

Mar 16, 2017 - 7:55 AM

But US Federal Reserve Chair Janet Yellen says they have yet to discuss the potential impact of US President Donald Trump s planned tax cuts and infrastructure spending

WASHINGTON, DC - MARCH 15: Federal Reserve Board Chairwoman Janet Yellen holds a news conference following a meeting of the Federal Open Market Committee March 15, 2017 in Washington, DC. Yellen announced that the Fed raised its benchmark interest rate for the third time since the 2009 global financial crisis, earlier than markets anticipated at the beginning of this year. Chip Somodevilla/Getty Images/AFP

Inflation hits over 2-year high of 3.3% in February

Mar 07, 2017 - 2:20 PM

February 2017 s inflation level is the highest since November 2014 but the Bangko Sentral ng Pilipinas says the figure still falls within its target range

A poultry vendor examines chickens at a public market in Manila, 08 June 2005, amid reports of a bird flu outbreak. The Philippines on Friday confirmed the country's first case of bird flu in an isolated farm outside of Manila, but said the risk to human health was next to zero. AFP PHOTO / AFP PHOTO / STR

With vacancies, Trump gains chance to reshape U.S. Fed

Feb 14, 2017 - 11:08 AM

US President Donald Trump s influence over the US central bank may grow significantly following the resignation of a Federal Reserve governor who helped drive banking regulation following the 2008 financial crisis

The US Federal Reserve building is seen August 1, 2015 in Washington, DC. Karen Bleier/AFP

For the U.S. Fed, 'Trump-onomics' not yet in effect

Jan 29, 2017 - 12:55 PM

The outlook looks a bit stronger both in the United States and the world says an economist ahead of another meeting for the policy setting Federal Open Market Committee

STANFORD, CA - JANUARY 19: Federal Reserve Board Chairwoman Janet Yellen discusses monetary policy and the economic outlook at Stanford University on January 19, 2017 in Stanford, California. Elijah Nouvelage/Getty Images/AFP

Citing Trump 'uncertainty,' Fed says faster rate hikes possible

Jan 05, 2017 - 1:05 PM

US President elect Donald Trump s pledge to slash taxes and ramp up infrastructure spending could boost demand above sustainable levels

WASHINGTON, DC - DECEMBER 14: Federal Reserve Board Chair Janet Yellen holds a news conference after the central bank announced an increase in the benchmark interest rate following a Federal Open Market Committee meeting December 14, 2016 in Washington, DC. With unemployment low and concern over inflation on the rise, the central bank decided to raise the federal interest rate by a quarter of a percentage point, moving from 0.25-0.50 percent to a range of 0.50 and 0.75 percent. Chip Somodevilla/Getty Images/AFP

PH peso nears P50 again

Dec 20, 2016 - 8:25 PM

This is its weakest level in over a decade or since closing at P50 12 to 1 on November 16 2006

WEAKEST. This was its weakest level in over a decade or since closing at P50.12 to $1 in Nov. 16, 2006. Rappler file photo

$607M worth of hot money flows out of PH in November

Dec 16, 2016 - 4:49 PM

November’s foreign portfolio investments tally is a reversal from the 60 million net inflow last month

How a Fed rate hike impacts the Philippine economy

Dec 15, 2016 - 12:18 PM

Economists agree that the Philippines may be in for some rough sailing but will ultimately weather the storm

HIT ON THE CHIN. For BPI's lead economist, the 25 basis points hike on December 14 already seems to be priced in.

U.S. Fed raises key interest rate, sees 3 hikes in 2017

Dec 15, 2016 - 7:39 AM

Fed chair Janet Yellen says the rate hike can be seen as a vote of confidence in the US economy

Federal Reserve Board Chair Janet Yellen holds a news conference after the central bank announced an increase in the benchmark interest rate following a Federal Open Market Committee meeting December 14, 2016 in Washington, DC. Chip Somodevilla/Getty Images/AFP

Philippine peso strengthens anew against dollar

Nov 28, 2016 - 6:15 PM

The local currency ends stronger for the 2nd straight trading day closing at P49 710: 1 on Monday following Friday s P49 840: 1

AN ADVANTAGE? While the weaker peso means higher debt servicing for the government, it is 'positive' for some firms whose revenues are denominated in US dollars. Rappler file photo

PH peso weakens further on heightened Fed hike worries

Nov 22, 2016 - 8:40 PM

The local currency remains generally weak slumping to its worst level since November 20 2008 when it ended at P49 999: 1

FRESH 8-YEAR LOW. The local currency ends at P49.85:$1 on Tuesday, weaker than the P49.83:$1 on Monday, November 21. Rappler file photo

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Nov 22, 2016 - 2:12 PM

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