WASHINGTON (Reuters) - The U.S. Federal Reserve holds its last policy meeting of 2019 on Wednesday, having completed a year-long U-turn that saw it abandon a tightening cycle and lower borrowing costs
Reverse mortgages are booming with 20-per-cent annual growth. But they still have a ton of critics. The No. 1 knock on them: The rates are too high. There was hope this would change when Equitable Bank
Jerome Powell engineered a humbling about-face in U.S. interest-rate policy in 2019, steering a group of reluctant colleagues at the Federal Reserve toward rate cuts to ensure a cooling U.S. economy didn’t
WASHINGTON (Reuters) - U.S. worker productivity fell by the most in nearly four years in the third quarter, the government confirmed, while growth in unit labor costs was not as robust as initially thought.
But before Volcker’s tenure, inflation — or the annual change in the price of goods and services — was, at times, a scourge on American life. In the 1970s and early 1980s, when many baby boomers entered
The Federal Reserve Bank of New York added $70.2 billion in temporary liquidity to financial markets. Tuesday’s intervention came in two parts. One was via overnight repurchase agreements, or repos, that