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Montevideo, March 29th 2024 - 10:36 UTC

Stories for January 31st 2006

  • Tuesday, January 31st 2006 - 20:00 UTC

    Fed raises rates to 4.5%, highest since April 2001

    Arguing that possible increases in resource utilization as well as elevated energy prices have the potential to add inflation pressures the Federal Reserve Open Market Committee decided Tuesday to raise its target for the federal funds rate by 25 basis points to 4.5%.

  • Tuesday, January 31st 2006 - 20:00 UTC

    OPEC keeps quota unchanged until next meeting

    The Organization of the Petroleum Exporting Countries, (OPEC) oil ministers decided Tuesday in Vienna to keep the official quota of 28 million bpd while the group's second biggest producer Iran, locked in a dispute over its atomic program, gave assurances it would not halt its exports.

  • Tuesday, January 31st 2006 - 20:00 UTC

    Dollar and assets bubble, challenges for new Fed chief

    The United States Senate approved Tuesday the nomination of Ben Bernanke to be the next chairman of the Federal Reserve, generally considered the most influential economic policy job in the world.

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