watch now Federal Reserve Governor Christopher Waller said Tuesday that the recent round of strong economic data will buy the central bank some time as it decides whether additional interest rate hikes are needed to control inflation. “That was a hell of a good week of data we got last week, and the key thing out if it is it’s going to allow us to proceed carefully,” Waller told CNBC’s Steve Liesman during a “Squawk Box” interview. “We can just sit there, wait for the data, see if things...

Investors have gotten much more confident during this year’s impressive stock market rally, and in doing so, are possibly paving the way for a tougher second half, according to Bank of America investment strategist Michael Hartnett. The August BofA Global Fund Manager Survey showed that market professionals have reduced their cash allocations to a 21-month low and are increasingly expecting the economy to weather its various challenges to avoid a recession. That follows a general feel of...

The U.S. Federal Reserve Building in Washington, D.C. Win Mcnamee | Reuters The Federal Reserve launched its FedNow instant-payments service Thursday, following several years of developing a system officials say will allow the faster flow of cash for businesses and individuals. Whether it’s providing instant access to paychecks, allowing for last-minute bill payments or sending government payments out to individuals, the system is expected to improve the flow of money through the U.S....

Michael Barr, vice chair for supervision of the board of governors of the Federal Reserve, testifies during a House Committee on Financial Services hearing on Oversight of Prudential Regulators, on Capitol Hill in Washington, DC, on May 16, 2023. Mandel Ngan | AFP | Getty Images The Federal Reserve’s top banking regulator expressed caution Tuesday about the impact that artificial intelligence can have on efforts to make sure underserved communities have fair access to housing. Michael S....

[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell appears Thursday on Capitol Hill for the second day of his testimony on monetary policy. The central bank leader will appear before the Senate Banking Committee after speaking Wednesday to the House Financial Services Committee. In remarks Wednesday, Powell cautioned that he and all other members of the rate-setting Federal Open Market...