Tag: Federal Reserve

• Monday, September 5th 2016 - 08:58 UTC

  US economy adds more jobs in August, but not as many as expected

  

  The expanding US economy added another 151,000 jobs in August, according to the US Labor Department, while the unemployment rate stayed at 4.9%. The number of extra jobs was sharply down from an upwardly revised July figure of 275,000. It was also a smaller rise than the average monthly increase of 204,000 seen during the previous 12 months.

• Friday, August 19th 2016 - 13:17 UTC

  US Federal Reserve reiterates concern with stubbornly slow rate of inflation

  

  United States Federal Reserve officials believed last month that near-term risks to the U.S. economy had subsided and that an interest rate increase could soon be warranted. But they did not indicate when they would likely raise rates.

• Monday, August 1st 2016 - 13:16 UTC

  US economy grows at slower pace in second quarter despite strong consumer spending

  

  The United States economy grew at a much slower pace than expected in the second quarter and GDP was revised down in the first three months of the year. The world's largest economy grew at an annual rate of 1.2% in the three months to June, far below forecasts of 2.6%, Growth for the first quarter was revised down from 1.1% to 0.8%.

• Thursday, July 28th 2016 - 13:04 UTC

  Fed sees current conditions remaining unchanged, at least until December

  

  The United States Federal Reserve on Thursday left key interest rates untouched but acknowledged improved economic performance, suggesting a rate increase may be on the horizon in 2016.

• Monday, June 13th 2016 - 07:36 UTC

  Sterling drops to a two-month low as jittery investors shift to safer assets

  

  The British pound dropped to a two-month low and the yen rallied Monday as jittery investors shifted into safer assets on worries about Britain's possible exit from the European Union. The flight to lower-yielding investments came as Asian stock markets plunged, with dealers awaiting meetings this week of the US and Japanese central banks.

• Thursday, June 9th 2016 - 08:50 UTC

  Yellen says Brexit 'repercussions' would be considered in Fed’s meeting next week

  

  United Stated Federal Reserve chair Janet Yellen said a UK vote to leave the European Union could have “significant economic repercussions”. In a speech this week, she said a Brexit was one factor that the central bank would consider when deciding whether to raise interest rates. The Fed next meets on 14-15 June.

• Tuesday, June 7th 2016 - 23:57 UTC

  Rate hikes likely, but some reports remain 'disappointing', admits Fed chief Yellen

  

  Reserve Chair Janet Yellen said on Monday that interest rate hikes are likely on the way because “positive economic forces have outweighed the negative” for the United States now that risks from earlier this year have diminished.

• Thursday, May 19th 2016 - 12:02 UTC

  Minutes show Fed could be ready for an interest rate in June

  

  Federal Reserve officials consider the United States economy could be ready for another interest rate increase in June, according to the minutes from the central bank's April policy meeting released on Wednesday. Most participants in the policy-setting committee's April 26-27 meeting said they wanted to see signs that economic growth was picking up in the second quarter and that employment and inflation were firming, the minutes showed.

• Wednesday, May 18th 2016 - 11:32 UTC

  US economy good news: inflation reaches 1.1% and housing starts rise 6.6%

  

  US consumer prices rose at their fastest pace in three years in April as energy prices climbed, figures show. The Labor Department's Consumer Price Index rose 0.4% last month, the biggest one-month increase since February 2013.

• Thursday, April 28th 2016 - 07:22 UTC

  Fed leaves rates unchanged; expectations over an increase move to June

  

  The U.S. Federal Reserve did what many expected on Wednesday as it left its key interest rate range unchanged. The central bank maintained its overnight lending rate for banks at a target range of between 0.25 and 0.50% where it has been since it was boosted from near zero back in December. Expectations now have moved to the two-day meeting on 14/15 June.