Jeanna Smialek, Author at Providence Business News

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MINUTES OF the Federal Reserve’s November policy meeting are likely to confirm that officials were creeping closer to their first interest-rate increase in a year before the Nov. 8 election, and developments since have only served to bolster the case for a hike. Shown is Federal Reserve Chair Janet Yellen.
/ BLOOMBERG NEWS PHOTO/ANDREW HARRER

Fed minutes seen setting up December even before election

Economic Activity 11/22/2016

WASHINGTON - Minutes of the Federal Reserve’s November policy meeting are likely to confirm that officials were creeping closer to their first interest-rate increase...

Fischer says Fed getting close to reaching goals, raising rates

Economic Activity 11/11/2016

WASHINGTON - Federal Reserve Vice Chairman Stanley Fischer said the central bank has almost reached its goals for maximum employment and price stability, strengthening...

Dudley sees Fed rate rise by year-end if data on track

Economic Activity 10/20/2016

NEW YORK - Federal Reserve Bank of New York President William Dudley repeated that he expects an interest-rate increase by the end of 2016,...

THE FEDERAL OPEN MARKET COMMITTEE, led by Federal Reserve Chair Janet Yellen, decided Wednesday to leave interest rates where they are for the time being, setting up an expectation that the central bank will raise them in December. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Fed leaves rates unchanged, signals 2016 hike still likely

Economic Activity 09/21/2016

WASHINGTON - A divided Federal Reserve left its policy rate unchanged for a sixth consecutive meeting, saying it would wait for more evidence of...

Fed rate hike expectations have gyrated On key speeches and data

Economic Activity 09/21/2016

WASHINGTON - Federal Reserve-watching can be a guessing game, and August and September are a perfect case in point. Federal funds futures markets priced...

A GROWING NUMBER of Federal Reserve officials are indicating a desire to raise interest rates at the September meeting of the Federal Open Market Committee. Two local Fed presidents gave interviews Thursday in advance of Friday's address by Fed Chair Janet Yellen at the Kansas City Fed's annual Jackson Hole, Wyo., retreat. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Fed officials push hiking case before Yellen Jackson Hole speech

Economic Activity 08/25/2016

WASHINGTON - Two Federal Reserve officials argued the case for another interest rate increase in interviews on the eve of an eagerly awaited speech...

Expansion in U.S. finally feeling like one on seventh birthday

Workplace 06/30/2016

WASHINGTON - June 2009 was the end of an era: The most painful downturn since the Great Depression of the 1930s drew to a...

FEDERAL RESERVE Chair Janet L. Yellen said positive forces supporting U.S. job growth and higher inflation will still probably outweigh negative developments, calling additional gradual interest-rate increases appropriate without specifying their precise timing. She is shown in a file photograph from the Economic Outlook Luncheon last year put on by the Greater Providence Chamber of Commerce. / BLOOMBERG NEWS FILE/SCOTT EISEN

Yellen sees rates rising gradually without giving precise timing

Economic Activity 06/06/2016

WASHINGTON - Federal Reserve Chair Janet Yellen said positive forces supporting U.S. job growth and higher inflation will still probably outweigh negative developments, calling...