Items Tagged with 'Federal Reserve'

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Chance of a Fed rate hike in December? 100%

Bloomberg forecast based on futures trading
With less than a month left before the final Federal Reserve meeting of the year, Bloomberg rates the chances of a Fed interest rate hike at 100%, according to calculations based on futures. Will the Fed finally decide to raise rates again for the first time since last December?
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Yellen sends strong signal Fed is close to raising rates again

Does not mention new President-elect
Janet Yellen spoke before Congress’ Joint Economic Committee about the possibility of raising interest rates. Though the markets have shown significant changes since last week’s elections, she did not mention the new president-elect. Instead, Yellen focused on what the market needs to see to justify a rate hike in December.
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Trump adviser: Fed chair Janet Yellen can stay

New president-elect not calling for her resignation
President-elect Donald Trump said a lot about Federal Reserve Chair Janet Yellen during his campaign trail. Now, however, an economic advisor to Trump seemed to change the tune. Here’s more on what Trump’s team says about the future of the Fed chair.
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Is the Federal Reserve going to stay intact?

Will there be a new Fed chair sooner than expected?
Newly minted President-elect Donald Trump can already put changing up the structure of the Federal Reserve at the top of his list. Right now, there are two seats up for grabs. But the more important question is what will become of already criticized Federal Reserve Chair Janet Yellen?
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Is the mortgage credit box really loosening?

Federal Reserve survey tells all
While a recent report from the Mortgage Bankers Association showed a slight increase in mortgage credit standards, a survey from the Federal Reserve may tell another story. Most loan officers in the survey reported that credit standards remain the same, and jumbo loans are in fact the only product to see credit tightening for some lenders.
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More Wells Fargo fallout: Feds to look into sales practices at other Wall Street banks

CFPB, OCC, other agencies to conduct reviews of big banks
Federal regulators are preparing to conduct reviews of the nation’s biggest banks, aiming to root out any of the aggressive cross-selling practices that led to Wells Fargo being fined $185 million for more than 5,000 of the bank’s former employees opening more than 2 million fake accounts to get sales bonuses.
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