Tag: Federal Reserve

Thursday, September 18th 2014 - 05:30 UTC
Fed evasive about when it will begin to raise interest rates, “considerable time”

The US Federal Reserve has reiterated that it will raise interest rates once a “considerable time” has passed after its stimulus program ends in October. The announcement came at the end of a two-day meeting of the central bank's policy committee in Washington DC.
Saturday, August 23rd 2014 - 06:18 UTC
Yellen insists with expansive policies despite growing pressure from 'hawks' on interest rate

Federal Reserve Chair Janet Yellen said Friday that the US jobs market has not yet fully recovered, but acknowledged that data is sending mixed signals, spurring debate over inflationary pressures. In a speech to leading central bankers in Jackson Hole, Wyoming, Yellen, who has kept Fed policy expansive due to perceived excess slack in the jobs market, gave no clear new signs for monetary policy.
Thursday, August 21st 2014 - 07:31 UTC
“Slack of US labor market” keeping the Fed from raising interest rates

The US Federal Reserve hinted that a surprisingly strong jobs market recovery could lead it to raise interest rates earlier than it had been anticipating. At the same time, most Fed officials wanted further evidence before changing their view on when rates should rise, according to the minutes from the central bank's July 29-30 meeting.
Monday, August 11th 2014 - 22:24 UTC
Global economic recovery remains 'disappointing' says Fed's Vice Chairman

US Federal Reserve Board Vice Chairman Stanley Fischer said that the economic recovery has been and remains “disappointing” and made it clear that he expects monetary policy to continue to play a significant role in encouraging growth in the future.
Saturday, August 2nd 2014 - 08:32 UTC
US economy creates 209.000 jobs in July but unemployment edges up to 6.2%

The U.S. economy added 209,000 jobs in July, the Labor Department reported on Friday. However the unemployment rate edged up to 6.2% from 6.1%, somehow confirming the Federal Reserve concern about still weak employment.
Thursday, July 31st 2014 - 07:13 UTC
Fed further tapers bond-buying program but concerned with labor market

The Federal Reserve said on Wednesday that US growth in economic activity rebounded in the second quarter and labor market conditions improved, with the unemployment rate declining further. However, a range of labor market indicators suggests that there remains significant “underutilization of labor resources”.
Wednesday, July 16th 2014 - 01:06 UTC
US economy recovering but “too many Americans remain unemployed”

The US economic recovery remains incomplete, with a still-ailing job market and stagnant wages justifying loose monetary policy for the foreseeable future, Federal Reserve Chair Janet Yellen told a Senate committee on Tuesday.
Thursday, July 10th 2014 - 21:48 UTC
Fed will end asset purchases in October, but no decision yet on interest rates

The Federal Reserve has begun detailing how it plans to ease the US economy out of an era of loose monetary policy, indicating it will end its asset purchases in October and appearing near agreement on a plan to manage interest rates in the future, according to minutes of the last Fed policy meeting.
Monday, July 7th 2014 - 07:10 UTC
Lagarde cautious about growth momentum; infrastructure investment needed

Global economic activity should strengthen in the second half of the year and accelerate in 2015, although momentum could be weaker than expected, IMF chief Christine Lagarde said, hinting at a slight cut in the Fund's growth forecasts.
Friday, July 4th 2014 - 06:34 UTC
US unemployment down to 6.1% and the Dow Jones at 17.000 for first time

US economy added 288,000 jobs in June, latest figures from the Bureau of Labor Statistics have shown. The unemployment rate dropped to 6.1%, its lowest level since September 2008.