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JANET YELLEN, chair of the U.S. Federal Reserve, arrives to speak at the National Community Reinvestment Coalition conference in Washington, D.C., U.S., on Tuesday, March 28, 2017. /BLOOMBERG NEWS PHOTO/ANDREW HARRER

Yellen may see inflation risk in deficit-busting Trump tax cuts

WASHINGTON - What President Donald Trump giveth to the economy with massive tax cuts, Federal Reserve Chair Janet Yellen may be tempted to taketh...
FEDERAL RESERVE Vice Chairman Stanley Fischer said a recent patch of weak economic data likely won’t throw the U.S. central bank off track for two more interest-rate increases this year.

Fed’s Fischer says two more 2017 hikes still feels right

WASHINGTON - Federal Reserve Vice Chairman Stanley Fischer said a recent patch of weak economic data likely won’t throw the U.S. central bank off...
ACCORDING TO THE BEIGE BOOK REPORT released by the Federal Reserve Bank of Boston, business activity continued to expand in the First District in recent weeks, although at a modest pace. / BLOOMBERG FILE PHOTO/BRENT LEWIN

Beige Book: Business activity expands in First District

BOSTON – Business activity continued to expand in the First District in recent weeks, according to the Federal Reserve Beige Book report released Wednesday. The...
JANET YELLEN, chair of the U.S. Federal Reserve, said the U.S. central bank’s task has shifted from a post-crisis exercise of healing the economy to one aimed at holding on to progress made. /BLOOMBERG NEWS PHOTO/ANDREW HARRER

Yellen says Fed’s focus has shifted to holding growth gains

WASHINGTON - Federal Reserve Chair Janet Yellen said the U.S. central bank’s task has shifted from a post-crisis exercise of healing the economy to...
ANALYSTS estimate that net interest income at the largest U.S. banks will jump to $49.1 billion.

In bank earnings season, surprise lurks in rising deposit costs

NEW YORK - When the Federal Reserve raised benchmark interest rates last month, it took North Carolina lender BB&T Corp. less than four minutes to announce...
STOCKS AND THE DOLLAR gained value early Thursday ahead of the meeting of President Donald Trump and Chinese leader Xi Jinping. Early indications are that Friday's U.S. jobs report will be a strong one as well.

Stocks, dollar rise after late selloff; oil gains

NEW YORK  – U.S. stocks rose with the dollar, while Treasuries slipped as investors reassessed the Federal Reserve’s signal that it intends to shrink...
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