Tag: Federal Reserve

Friday, March 20th 2015 - 07:19 UTC
Brazil's Real drops to lowest since April 2003; loss of 17% against the dollar this year

No end to Brazil's economic woes: the Brazilian currency depreciated 2.7% on Thursday, at 3.30 Reales to the US dollar, its worst performance since April 2003. With this loss of ground the Real cut short a three day recovery, because since last Monday it had been climbing against the greenback.
Thursday, March 19th 2015 - 07:55 UTC
Fed no longer 'patient' about rates, but drops April and targets June

The U.S. Federal Reserve says it can no longer remain “patient” about changing rates, an indication that interest rate hikes could begin this spring. But in a news conference, Fed chair Janet Yellen said the central bank has not settled on the timing of the rate hike.
Friday, March 13th 2015 - 13:06 UTC
Santander and Deutsche banks fail a US Fed Reserve “stress test”

Spain's Santander and Deutsche Bank have failed a US “stress test” designed to assess whether lenders can withstand another financial crisis. The review, carried out by the Federal Reserve, gauges whether the biggest banks operating in the US have the “ability to lend to households and businesses even in times of stress”.
Tuesday, March 3rd 2015 - 06:24 UTC
Dollar on Monday at an eleven year peak against major currencies

The dollar rose on Monday against major currencies touching an 11-year peak. The Euro, which has been in an extended slump, had been up by as much as a third of a percent against the dollar but surrendered gains and traded near unchanged at just under $1.12.
Friday, February 20th 2015 - 04:34 UTC
Fed latest minutes indicate “patience” prevails before a rise in interest rates

Officials at the United States Federal Reserve are unlikely to raise interest rates soon, the latest minutes from the bank's January meeting have revealed. Policymakers worried about lower-than-expected inflation as well as slow wage growth in the US economy, the world's largest.
Thursday, January 29th 2015 - 08:41 UTC
Federal Reserve pledges to be 'patient' on raising interest rates from record lows

The U.S. Federal Reserve on Wednesday after a two-day meeting reiterated its pledge to be patient and hold off on raising interest rates from the record low levels they’ve been at for the last six years. The Fed also pointed out it was watching “international developments” closely.
Saturday, November 22nd 2014 - 05:49 UTC
US Senate grills banks accused of 'unfair' trading practices with commoditisers

Executives of three US banks are being grilled by senators over accusations the banks engaged in unfair trading practices relating to several commodities. A two-year report found that Goldman Sachs, Morgan Stanley and JP Morgan Chase bought up large stockpiles of commodities like aluminum and copper.
Thursday, November 20th 2014 - 04:29 UTC
Fed minutes confirm reveal consensus on ending stimulus program

Although the US Federal Reserve was worried about turmoil in emerging markets, the central bank reached an easy consensus to end its stimulus program, its latest minutes reveal.
Sunday, October 19th 2014 - 07:27 UTC
Yellen warns about the rich-poor gap in the US, at a near 100-year high

Federal Reserve chief Janet Yellen warned Friday that the gap between the rich and poor in the United States is widening and has reached a near 100-year high. In a speech at a conference on inequality in Boston, the Fed chair did not mention monetary policy nor the current turmoil in financial markets. Instead, she focused on the widening wealth disparity and how that impacts economic opportunity.
Thursday, October 9th 2014 - 07:17 UTC
“Easy money” will be around for some time still, say Fed's minutes

US markets rose sharply after minutes from the September meeting of the Federal Reserve were released. The transcript indicated that US central bankers were wary of raising rates too soon. Officials were worried markets were too focused on a rate rise happening during a specific period of time.