Posts Tagged ‘Federal Reserve’

Federal Reserve gives nod to Regions’ capital plan

BIRMINGHAM, Ala. — The Federal Reserve has indicated to Regions Financial Corporation that it does not object to the company’s capital plan and proposed capital actions covering the period from April 1, 2014, to March 31, 2015. The capital plan was submitted to the Federal Reserve on Jan. 6, as part of the Comprehensive Capital […] [...]

Swipe-fee ruling means merchants could pay less for debit card transactions

by Ted Carter Published: August 9,2013

Tags: banking, credit, credit cards, Federal Reserve, finance, personal finance

The Federal Reserve’s Board of Governors erred in letting swipe fees that banks charge retailers for each debit card transaction go as high as 21 cents a transaction, a federal court recently ruled. The ruling by the U.S. District Court in Washington drew the predicable applause from groups such as the National Retail Federation and […] [...]

Stocks rally after Fed allays stimulus fears

NEW YORK — Stocks broke through record highs in early trading Thursday after Federal Reserve Chairman Ben Bernanke said the central bank is in no hurry to stop supporting the economy. Bernanke said the U.S. economy still needed help because unemployment remains high and inflation is below the Fed’s target. The Fed is currently buying $85 […] [...]

Fed districts report ‘modest’, ‘subdued’ economic activity for Mississippi regions

by Ted Carter Published: September 25,2011

Tags: economy, Federal Reserve

Overall lending at a sample of large banks increased modestly through August within the Federal Reserve’s St. Louis District, which includes northern Mississippi, reports the Fed’s Beige Book, a tracking of economic activity released by each of the 12 Fed district s on Sept. 7. The new report details economic activity for the three-month period […] [...]

Fed releases details on banks that took loans

by Associated Press Published: December 10,2010

Tags: banking and finance, federal government, Federal Reserve

ACROSS MISSISSIPPI — Three banks in Mississippi got millions of dollars from a Federal Reserve short-term loan program aimed at stabilizing financial markets. The Fed began pumping trillions of dollars into the financial system last year through an array of short-term lending programs. The central bank intensified its efforts after the crisis worsened with the […] [...]

Bernanke issues warning to China

by Associated Press Published: November 19,2010

Tags: Federal Reserve

WASHINGTON — Federal Reserve Chairman Ben Bernanke issued a stern warning to China, saying that it and other emerging nations are putting the global economy at risk by keeping their currencies artificially low. The Fed chief made the remarks Friday during his speech to a conference at the European Central Bank in Frankfurt, Germany. “Insufficiently […] [...]

Fed survey points to uneven growth across US

by Associated Press Published: October 21,2010

Tags: Federal Reserve

WASHINGTON — The U.S. economy grew unevenly in early fall, with more than half the regions of the country expanding modestly while others struggled to grow. A survey by the Federal Reserve released Wednesday found that seven of the Fed’s 12 regions reported moderate improvements in business activity. Three regions – Philadelphia, Richmond and Cleveland […] [...]

Fed plan for short-term fix brings long-term risks

by Associated Press Published: October 15,2010

Tags: economy, Fed, Federal Reserve, Treasury

WASHINGTON – Federal Reserve Chairman Ben Bernanke is balancing a short-term fix for the economy with a long-term gamble: His plan to buy Treasury bonds to fight high unemployment and super-low inflation now could ignite inflation later. But Bernanke is signaling that doing nothing would pose the biggest risk of all. The Fed chief on […] [...]

Stocks slide after jobs, inflation reports

by Associated Press Published: October 14,2010

Tags: economy, Federal Reserve, finance, stock market

NEW YORK – Stocks dipped Thursday after concerns about another disappointing report on jobs. But losses were held in check by expectations the Federal Reserve will act soon to strengthen the economy. The Dow Jones industrial average fell 32 points in midday trading. In recent months, a disappointing jobs report would have likely led to […] [...]

Treasury yields sink to new lows; Eyes on the Fed

by Associated Press Published: October 7,2010

Tags: Federal Reserve, Treasury

NEW YORK (AP) – Any doubt that the Federal Reserve will launch a new effort to stimulate the economy seemed to evaporate Wednesday as Treasury rates plummeted to record lows. The Fed has kept short-term interest rates near zero since 2008. In recent weeks, traders have started speculating that the central bank would take aim […] [...]

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