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Federal Reserve System
Top Fed official sees need for more interest rate increases
WASHINGTON ((DailyNews)) — A senior Federal Reserve official said Friday that there has been little progress on inflation for more than a year...
Fed Report Finds SVB Solely Responsible for Bank’s Collapse
WASHINGTON ((DailyNews)) — The nation’s top financial regulator is asserting that Silicon Valley Bank’s own management was largely to blame for the bank’s...
Wall Street ends higher, marking 2nd winning week in a row
A late-afternoon turnaround on Wall Street left stocks higher Friday as the market shook off a weak start amid worries about banks on both...
Bank failures and rescue test Yellen’s decades of experience
WASHINGTON ((DailyNews)) — Working against the clock to stop a developing banking crisis, Treasury Secretary Janet Yellen had until sunset on Sunday, March 12,...
Asian shares fall on banking turmoil, recession worries
BANGKOK ((DailyNews)) — Shares fell Friday in Asia as worries over turmoil in the banking sector and recession risks overshadowed gains on Wall Street....
Asian shares advance on back of Wall Street rally
BANGKOK ((DailyNews)) — Asian shares advanced Wednesday after a Wall Street rally led by the banks most beaten down by the industry’s crisis. Oil...
Fed raises key rate by quarter-point despite bank turmoil
WASHINGTON ((DailyNews)) — The Federal Reserve extended its year-long fight against high inflation Wednesday by raising its key interest rate by a quarter-point despite...
What the Fed rate increase means for your credit card bill
NEW YORK ((DailyNews)) — The Federal Reserve raised its key rate by another quarter point Wednesday, bringing it to the highest level in 15...
Asian stocks rise ahead of Fed’s next interest rate decision
BEIJING ((DailyNews)) — Asian stock markets followed Wall Street higher on Tuesday ahead of a Federal Reserve decision on another possible interest rate hike...
Will Americans end up footing the bill for bank failures?
WASHINGTON ((DailyNews)) — The government’s response to the failure of two large banks has already involved hundreds of billions of dollars. So will ordinary...
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