Tag: Federal Reserve

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.
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.