The Latest Breaking News from US Federal Reserve

More Americans applied for unemployment benefits last week, but layoffs remain at historic lows

Barclays analyst Blayne Curtis downgraded Advanced Micro Devices Inc (NASDAQ:AMD) to Equal Weight from Overweight with a price target of $115, down from $148 (3.54% downside). The company's growth story needs a pause with cyclical risks looming in 2023, admitted Curtis. AMD remains positioned to gain market share in both the client and server markets…

The U.S. economy ended 2021 by expanding at a healthy 6.9% annual pace from October through December, the government reported Wednesday, a slight downgrade from its previous estimates

The U.S. Treasury yield curve inverted on Tuesday for the first time since September 2019, reflecting market concerns that the Federal Reserve could tip the economy into recession as it tackles inflation.

As it embarks on tighter policy, the Black unemployment rate is still double the white rate

The U.S. two-year yield briefly exceeded the 10-year Tuesday for the first time since 2019, inverting yet another segment of the Treasury curve and reinforcing the view that Federal Reserve rate increases may cause a recession.

One of the more reliable warning signals for a recession is starting to shine

Lisa Cook cleared another hurdle toward becoming the first Black woman to join the Federal Reserve Board as the Senate on Tuesday voted to discharge her nomination from committee.

The Senate on Tuesday agreed to consider the nomination of Lisa Cook for a position on the Federal Reserve’s Board of Governors on a 50-49 party-line vote