DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Sen - 2 Powell - 2 tabulations - 1 it’s - 1 Samuel Corum - 1 Jerome Powell - 1 Humphrey - 1 Hawkins - 1
Top related locs:
Washington , DC Treasuries
Top related orgs:
Fed - 3 U.S - 1 Capitol - 1 Getty - 1 Federal Reserve - 1 Rep - 1 Banking - 1 CNN - 1

Search resuls for: "Cnn'S Bryan Mena"


4 mentions found


☆ Live updates: Markets await updates from Chair Powell as Fed set to keep interest rates at 23-year high
  + stars: | 2024-05-01 | by ( Cnn'S Bryan Mena | Elisabeth Buchwald | Krystal Hur | ) edition.cnn.com   time to read: +1 min
Hiring activity was stronger than expected in the US private sector last month, according to payroll processor ADP’s latest employment estimates. Employers added 192,000 jobs in April, down from March's job gains, (which were upwardly revised by 24,000 to 208,000 jobs) according to ADP’s national employment report released Wednesday. However, economists were anticipating a net gain of 175,000 jobs, according to FactSet consensus estimates. While job growth has accelerated to start the year, wage gains are showing a continued moderation, according to the report. While ADP’s tabulations don’t always correlate with the official federal jobs report — which is due out Friday — it’s sometimes viewed as a proxy for overall hiring activity.
Persons: tabulations, it’s
☆ Live updates: Markets await rate cut details from Fed Chair Powell as he testifies before Congress
  + stars: | 2024-03-06 | by ( Cnn'S Bryan Mena | Nicole Goodkind | Elisabeth Buchwald | ) edition.cnn.com   time to read: +1 min
Samuel Corum/Getty ImagesFederal Reserve Chair Jerome Powell is set to testify Wednesday for the first of two three-hour-plus grillings by Congress on the state of the economy. But is there a particular law or rule that compels him to spend six hours answering lawmakers' (often aggressive) questions, a task that some may consider arduous? Officially known as the Full Employment and Balanced Growth Act of 1978, the Humphrey-Hawkins act was first proposed by Sen. Hubert Humphrey and Rep. Augustus Hawkins. The act also requires that the Fed head report on and deliver a monetary report to Congress semiannually. While it's not clear how much he enjoys delivering six hours of testimony, he did say earlier this year that his idea of fun was "a really great inflation report."
Persons: Samuel Corum, Jerome Powell, Humphrey, Hawkins, Sen, Hubert Humphrey, Augustus Hawkins, Powell, it's Organizations: U.S, Capitol, Getty, Federal Reserve, Rep, Fed Locations: Washington , DC
☆ Live updates: Federal Reserve holds meeting to discuss interest rates
  + stars: | 2024-01-31 | by ( Cnn'S Bryan Mena | Elisabeth Buchwald | Nicole Goodkind | ) edition.cnn.com   time to read: +1 min
In a Sunday letter to Fed Chair Powell, shared first with CNN, Warren expressed alarm at how “astronomical” mortgage rates have made a bad situation worse and urged Fed officials to start cutting borrowing costs. “We urge you to consider the effects of your interest rate decisions on the housing market and to reverse the troubling rate hikes that have put affordable housing out of reach for too many,” Warren and fellow Democratic Sens. John Hickenlooper, Jacky Rosen and Sheldon Whitehouse wrote. “Come on, Fed! Turn it around and drop those interest rates,” Warren told CNN’s Kate Bolduan on Monday.
Persons: Sen, Sherrod Brown, Powell, ” Brown, Brown, Elizabeth Warren, Warren, ” Warren, Democratic Sens, John Hickenlooper, Jacky Rosen, Sheldon Whitehouse, “, CNN’s Kate Bolduan, Read Organizations: Banking, Fed, CNN, Democratic
☆ Live updates: Markets await latest Federal Reserve decision on rates
  + stars: | 2023-11-01 | by ( Cnn'S Bryan Mena | Elisabeth Buchwald | Krystal Hur | ) edition.cnn.com   time to read: +1 min
Over the span of about a year and a half, the Fed aggressively raised interest rates to their highest level in 22 years. The Fed also manages a multitrillion-dollar balance sheet that includes government securities. Here's how that works: The Fed holds assets like Treasuries, mortgage-backed securities, and loans extended to banks. For over a year now, the Fed has been steadily shrinking its balance sheet to help cool the economy. That reduction is known as “quantitative tightening” or a “balance sheet runoff.”
Persons: that’s, ” Organizations: Congress, Fed Locations: Treasuries
0 next >>
Total: 4