Tag: Economic News

Fed’s popular repo facility sees record demand of $1.35 trillion Thursday

A previous version of this report said $1.35 billion. It’s trillion. The New York Federal Reserve Bank’s popular reverse repo program set a record Thursday for overnight demand, a same day the central bank doubled the limit for individual user to $160 billion. The program, which allows banks, money-market… Source link

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The U.S. economy is still plowing ahead despite delta, new surveys show

A pair of new surveys of the economy show the U.S. is still expanding at a rapid pace, but ongoing labor and supply shortages are still acting as a drag on growth. Business leaders at U.S. manufacturing and service-oriented companies are still optimistic about the near future, a new poll showed. Yet the inability to […]

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Behind bond market’s muted response to Federal Reserve’s rate outlook may be a message for policy makers

Underneath the bond market’s relatively muted response to the Federal Reserve’s revised rate outlook on Wednesday is an expectation from traders that the central bank won’t get as far as it thinks it can on raising benchmark policy rates. While stocks were broadly higher and Treasury yields were mixed on what some investors perceived to […]

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When fines and fees ruin lives

On a recent blustery September morning, Melissa Taylor stood in front of a gathered crowd in New York City. “New York State has been waging an economic war against poor people for decades,” she said.  Taylor, now 45, said she had been arrested at age 19 for failing to pay an old $90 probation fee […]

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