Tag: Federal Reserve

• 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.

• Wednesday, September 9th 2015 - 07:45 UTC

  World Bank calls on the Fed to delay raising rates fearing 'panic and turmoil' in emerging markets

  

  The international economics establishment has stepped up pressure on the Federal Reserve to delay raising interest rates, with the World Bank the latest institution to warn that the US central bank risks sparking “panic and turmoil” in emerging markets if it increases rates next week.

• Wednesday, September 2nd 2015 - 08:30 UTC

  Despite China, for the Fed and BoE, an interest rate raise still on the table

  

  United States inflation will likely rebound as pressure from the dollar fades, allowing the Federal Reserve to raise interest rates gradually, Fed Vice Chairman Stanley Fischer said on Saturday in a speech careful not to overreact to a possible Chinese slowdown.

• Thursday, August 20th 2015 - 06:38 UTC

  Fed approaching interest rate hike but 'reasonable confidence' still short

  

  An improving job market edged the US Federal Reserve closer to an interest rate hike at its July meeting even as policymakers continued to express broad concerns about lagging inflation and the weak state of the world economy, according to minutes released on Wednesday.

• Friday, July 31st 2015 - 06:25 UTC

  Former Fed chief says discussion is not monetary policy but government spending

  

  Former Federal Reserve Chairman Alan Greenspan warns that government spending “extremely dangerous” to the future of the US economy. Greenspan decried a rise in entitlement costs, which he contended have pressured the U.S. economy.

• Friday, July 31st 2015 - 05:59 UTC

  US economy expands at an annual 2.3% in 2Q; strong consumer spending

  

  The US economy grew at an annualized pace of 2.3% in the three months to June, official figures have shown. The figure - the first estimate of growth in the second quarter - followed an upwardly revised growth rate of 0.6% in the first three months of the year. The Commerce Department said growth was boosted by increased consumer spending and cheaper fuel prices.

• Friday, July 31st 2015 - 05:33 UTC

  Dollar in Chilean Pesos climbs to its highest level since December 2008

  

  The US dollar ended Thursday trading in the Chilean money exchange market at its highest since December 2008, that is 674 Pesos for the greenback. Currently and seven years ago the main reason has been the US monetary policy: the sub-prime crash in the US and fears of the debacle expanding to the rest of the world, and now growing chances of the Federal Reserve deciding on a rise of the prime rate.

• Thursday, July 30th 2015 - 09:04 UTC

  Fed pleased with labor market gains but inflation remains 'soft' distant from 2% target

  

  The United States Federal Reserve on Wednesday decided to leave its benchmark federal funds interest rate unchanged at between 0 percent and 0.25 percent, while it offered an optimistic assessment of the world's biggest economy and hinted that a rate hike remains on the short-term horizon.

• Friday, July 17th 2015 - 06:01 UTC

  Yellen says Fed remains on track to raise interest rates this year

  

  Federal Reserve Chair Janet Yellen said the US central bank remains on track to raise interest rates this year, with labor markets expected to steadily improve and turmoil abroad unlikely to throw the US economy off track.

• Thursday, June 18th 2015 - 06:58 UTC

  Fed ready for interest rate hike, but precise timing depends on jobs and inflation

  

  Citing an improving economy, the Federal Reserve signaled Wednesday it is most probably on track to raise historically low interest rates as early as September, but that rates are likely to climb more gradually than it previously