Federal Reserve

As yields rise, some US banks shift cash to Treasuries

Some big U.S. banks are buying more U.S. government securities as yields start to rise and the Federal Reserve appears ready to taper its bond-buying program - a balance sheet shift that analysts say could boost bank earnings by several percentage points depending on how they play their hands.

Hot inflation sparks cooldown debate

Inflation fears were reignited Friday when the Federal Reserve’s preferred measure printed its hottest reading in 29 years, and economists warn higher prices could linger for some time.