Federal Reserve Likely to Keep Rates Steady

Federal Reserve officials are likely to keep interest rates steady at their two-day policy meeting that concludes Wednesday. Their debate could center on where to set rates once they’ve lifted them to a more neutral setting that neither spurs nor slows economic growth. Officials may also discuss how to set rates—a technical issue separate from…

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Pressure On The Federal Funds Rate Signals That The Next Recession Will Be Inflationary

Murmurings are increasing among monetary policy wonks and money market mavens that the Federal Reserve has been having a harder time than usual keeping overnight interest rates within its self-prescribed boundaries. The effective federal funds rate, the overnight lending rate between banks that the Fed directly controls, has been creeping too close to the upper…

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Uber Faces Federal Investigation Over Alleged Gender Discrimination

Uber Technologies Inc. is being investigated by the U.S. Equal Employment Opportunity Commission after a complaint about gender inequity, according to people familiar with the matter. The inquiry, one of a series of federal probes of the ride-hailing giant, began last August and hasn’t been previously reported. EEOC investigators have been interviewing former and current…

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Federal Reserve Report Defends Use of New Tools to Set Interest Rates

WASHINGTON—The Federal Reserve defended having the flexibility to set interest rates by using relatively new tools that include paying interest to banks, in its semiannual report to Congress on Friday. Fed Chairman Jerome Powell is scheduled to testify on Capitol Hill over two days beginning Tuesday in the Senate as part of hearings mandated by…

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