Central Bank

Federal Reserve bans officials from buying stocks and bonds, as well as restrict trading after ethics scandal

The Federal Reserve will ban policy makers and other senior officials from buying individual stocks and bonds and will also restrict active trading after an ethics scandal led to the departure of two regional presidents and undermined confidence in the central bank.

Bidenflation Unexpectedly Accelerated in August to Fastest Pace in Over 30 Years

Inflation unexpectedly accelerated in August, as shortages of a wide range of consumer goods and services drove up prices.

Biden inflation about to get worse, say oil industry analysts

Surging oil prices 'one of the biggest drivers'

The Biggest Federal Reserve Scandal

Following revelations that Federal Reserve officials made trades in financial assets while the Fed was taking extraordinary efforts to “stimulate” the economy, Federal Reserve Chairman Jerome Powell ordered a review of the Fed’s ethics rules.

China deems all cryptocurrency transactions illegal

China's central bank declared on Friday that all cryptocurrencies are illegal, banning crypto-related transactions and cryptocurrency mining, according to Reuters.

Fed signals tapering could begin ‘soon,’ projects interest rate liftoff in 2022

Fed's Powell signaled last month tapering could begin later this year.

Business Activity Growth Slows While Labor Cost Inflation Hits Record High: Chicago Fed

A new report from the Chicago Federal Reserve on business conditions in the central bank’s seventh district paints a picture of slowing growth and historically high price pressures, with labor cost inflation at a record high.

Weak Jobs Report Could Cool Fed’s Tapering Plans

Friday’s lackluster non-farm payrolls report, which showed American employers adding far fewer jobs in August than expected, is likely to cool enthusiasm among Federal Reserve policymakers for a quick roll-back of stimulus, some experts believe.

Afghanistan economy on the brink

A developing economic crisis in Afghanistan is adding a fresh layer of turmoil in the country. Why it matters: “he value of the Afghan currency could...

S&P, Nasdaq rally to records as investors eye Fed’s Jackson Hole event

WTI crude oil snaps 7-day losing streak rising to the $65 per barrel level

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