NEW YORK (Reuters) -An official responsible for implementing Federal Reserve monetary policy said on Friday markets navigated last month's heavy market stress well, as the central bank moves toward enhancing a key liquidity tool. Although liquidity in Treasury cash markets became strained in early April, those markets continued to function, in part because of the resilience of funding liquidity in...

08:06 AM EDT, 05/09/2025 (MT Newswires) -- The US dollar fell against its major trading partners early Friday ahead of a very busy schedule of appearances by Federal Reserve officials that are likely to comment on the outcome of this week's Federal Open Market Committee meeting. New York Fed President John Williams is due to speak at 8:30 am ET...

After a trade-induced slowdown bruised the economy in early 2025 and with another dip forecast for this coming fall, Wells Fargo says the Federal Reserve is poised to cut rates aggressively amid deteriorating labor market conditions. In an outlook shared this week, the investment bank’s economic team updated its U.S. outlook and reaffirmed that while a full-blown recession may still...

NEW YORK (Reuters) -An official responsible for implementing Federal Reserve monetary policy said on Friday markets navigated last month's heavy market stress well, as the central bank moves toward enhancing a key liquidity tool. Although liquidity in Treasury cash markets became strained in early April, those markets continued to function, in part because of the resilience of funding liquidity in...