The Latest Breaking News from US Federal Reserve

Sarah Bloom Raskin’s nomination to be Federal Reserve vice chair of supervision has taken another hit as key Senate Democrat Joe Manchin suggests President Joe Biden’s other four central bank nominees move forward without her.

The range of possibilities for what the economy has widened considerably in just a few short days.

DA Davidson analyst Christopher Brendler initiated coverage of Shift4 Payments Inc (NYSE:FOUR) with a Buy rating and $70 price target (39.8% upside).  The shift in market sentiment amid the Fed and geopolitical uncertainty has created "rare buying opportunities" in "compelling" growth stories, Brendler contended.  Shift4 Payments "fits the bill" of his preferred payments…

The government’s report Thursday showed that from January to February, inflation rose 0.8%, up from a 0.6% increase from December to January.

It had the blue-chip partners, the tech and the right players. None of which could save it

ECB raises inflation forecasts, cuts growth outlook amid Ukraine conflict, as stock markets slide and Chelsea FC owner is sanctioned by Britain

Consumer inflation in the United States likely set another 40-year high in February — and it won’t even reflect the oil and gas spikes of the past week, which will likely catapult prices even higher in coming months

President Joe Biden is signing an executive order on government oversight of cryptocurrency that urges the Federal Reserve to explore whether the central bank should create its own digital currency

The bond market is pricing in a 68.1% chance the Federal Reserve will raise interest rates at least 1.5% by the end of 2022. Rising interest rates are typically good news for bank profits, but bank stocks have taken a huge hit so far in 2022.

The industrial sector is a segment of the economy that is made up of companies that manufacture and distribute goods, transportation services, or the provision of commercial services and supplies. In 2021, the industrial sector rallied 21%, underperforming the S&P 500’s 26.89% gains.  In 2022, the economy and stock market…

The stock market has been on a wild ride lately due in varying degrees to galloping inflation, the Fed’s impending interest rate hikes and Russia’s invasion of Ukraine. However, the employment picture appears to be moving closer to pre-pandemic levels and robust corporate results should help buttress the economic recovery.…