Two Federal Reserve officials said it is time for the central bank to start reversing the easy money policies put in place to support the economy after the coronavirus pandemic hit the U.S. in March 2020.
Inflation remained elevated in July, but showed evidence of cooling as the economic recovery continued amid pandemic-related supply problems and a rise in Covid-19 infections.
Mortgage finance giant intends to help lenders factor rent payments into the loan-underwriting process.
The budget blueprint’s passage is the first step in an arduous process designed to allow Democrats to push through a sweeping package of education, healthcare, climate and other provisions.
Global Calendar
THURSDAY, AUG 12
- Bangko Sentral ng Pilipinas releases policy statement (PHL)
- Central Bank of the Republic of Turkey releases policy statement (TUR)
- U.S. Labor Department releases July PPI (USA)
- Bank of Mexico releases policy statement (MEX)
FRIDAY, AUG 13
- University of Michigan releases preliminary August U.S. consumer sentiment (USA)
Data & Interactives
Use this tool to compare the latest Fed statement with its immediate predecessor and see where policy makers have updated their language.