Tag: Federal Reserve

• Thursday, February 11th 2016 - 05:57 UTC

  Fed warns about uncertainty in China and tightening financial markets

  

  Tightening financial conditions driven by falling stock prices, uncertainty over China and a global reassessment of credit risk could throw the US economy off track from an otherwise solid course, Federal Reserve Chair Janet Yellen cautioned in a prepared testimony to Congress on Wednesday.

• Saturday, January 30th 2016 - 12:31 UTC

  US growth slows down sharply to 0.7% annually in the fourth quarter

  

  As anticipated by the Federal Reserve's report earlier this week, US economic growth braked sharply in the fourth quarter as businesses stepped up efforts to reduce an inventory glut and a strong dollar and tepid global demand weighed on exports.

• Friday, January 29th 2016 - 04:40 UTC

  US economy in a bubble, says Trump, ”I hope they pop before I become president'

  

  Republican presidential candidate Donald Trump said the United States economy is in a bubble he fears will burst and he does not want to deal with a financial collapse if he is elected to the White House.

• Thursday, January 28th 2016 - 06:41 UTC

  Fed leaves rate unchanged and is “closely monitoring global economic and financial developments”

  

  The United States Federal Reserve said it was “closely monitoring” global economic conditions, but would not raise interest rates in a decision widely expected by most analysts. The central bank said US economic growth had slowed as exports fell because of the strengthening dollar.

• Thursday, January 7th 2016 - 08:42 UTC

  Fed minutes show concern with global economy and US low inflation persists

  

  The United States Federal Reserve's decision to raise interest rates in December was a “close call”, according to minutes from the Fed's December meeting. Fed members voted unanimously to raise its key interest rate by 25 basis points to between 0.25% and 0.5%. a move widely expected.But some members were cautious, because of global concerns and low inflation.

• Thursday, December 17th 2015 - 03:40 UTC

  Fed hikes rate to 0.25% in unanimous decision; positive reaction from markets

  

  The United States Federal Reserve on Wednesday delivered its first interest rate hike since 2006, with the decision a unanimous one. The central bank raised its key federal funds rate to 0.25%, up from at or near zero percent for the last seven years.

• Saturday, December 5th 2015 - 06:42 UTC

  Positive US jobs data paves the way for the Fed to raise interest rates

  

  US jobs growth remained solid in November as the economy added 211,000 jobs, slightly above expectations. The data, from the Bureau of Labor Statistics, also showed the jobless rate held at its seven-and-a-half year low of 5%. Construction, food services and retail sectors all saw healthy job increases.

• Saturday, November 7th 2015 - 08:18 UTC

  US unemployment drops to 5%; Fed expected to raise rates in December

  

  Expectations of a rise in US interest rates in December have soared following a stronger-than-expected jobs report. The US economy added 271,000 jobs in October, far exceeding the 185,000 jobs that economists had forecast.

• Friday, October 30th 2015 - 07:39 UTC

  US growth slows sharply in the third quarter; consumer spending strong at 3.2%

  

  United States growth slowed sharply in the third quarter of the year. GDP grew at an annualized pace of 1.5% between July and September, according to the Department of Commerce, down from 3.9% in the second quarter. The slowdown was partly due to companies running down stockpiles of goods in their warehouses.

• Thursday, October 29th 2015 - 07:32 UTC

  Fed rates unchanged; fears of monetary easing in EU, Japan and China, and inflation still below 2%

  

  The US Federal Reserve kept interest rates unchanged on Wednesday, but downplayed global economic headwinds and left the door open to tightening monetary policy at its next meeting in December.