Tag: Federal Reserve

• 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.

• Wednesday, October 14th 2015 - 11:00 UTC

  Global banks warn net outflows from emerging markets close to $800 billion

  

  After a week of discussions at the annual IMF assembly in Peru, bankers and policy makers agreed that stemming the rush of investments from emerging markets was one of the most important challenges facing the global economy. But there was little agreement on how to actually do that.

• Friday, October 9th 2015 - 07:21 UTC

  Fed close to increasing rate, according to minutes; IMF again calls on Yellen for prudence

  

  The US Federal Reserve believes the US economy was close to warranting an interest rate hike in September but policymakers decided it was prudent to wait for evidence a global economic slowdown was not knocking United States off course.

• Friday, September 18th 2015 - 07:52 UTC

  Fed leaves rates unchanged on concerns about a weak world economy

  

  The US Federal Reserve kept interest rates unchanged on Thursday in a nod to concerns about a weak world economy, but left open the possibility of a modest policy tightening later this year. In what amounted to a tactical retreat, the US central bank said an array of global risks and other factors had convinced it to delay what would have been the first rate hike in nearly a decade.

• Friday, September 11th 2015 - 10:34 UTC

  Fed's rate decision next week: conflicting positions between US voters and EM central bankers

  

  As the Federal Reserve gets ready to debate its interest rate policy stance next week, a poll released Thursday finds a strong majority of US voters surveyed want central bankers to refrain from boosting short-term interest rates, and to instead concentrate on using monetary policy to further boost the job market.