Tag: Federal Reserve

Thursday, November 21st 2013 - 07:02 UTC
US 'budget-debt ceiling' political clashes threaten slower world growth, warns OECD

The Organization for Economic Cooperation and Development, OECD, cut its forecast for global economic growth through next year and warned that fiscal and monetary policy decisions looming in the U.S. could derail the recovery. OECD said world economic output would expand 2.7% this year and 3.6% in 2014, down from May's forecast of 3.1% and 4%.
Wednesday, November 20th 2013 - 20:49 UTC
US consumer prices fell 0.1% in October and in the last twelve months was 1%

US consumer prices fell 0.1% in October as petrol prices dropped, the US Labor Department has said. Petrol prices fell 2.9%, the biggest drop since April. The cost of new cars, clothes and healthcare also fell. The decrease meant that annual inflation in the 12 months to October was just 1%.
Thursday, November 14th 2013 - 07:30 UTC
Fed chief candidate says US economy still performing “far short” of its potential

Janet Yellen, President Obama's choice to lead the Federal Reserve, said the central bank would not stop its stimulus efforts until the labor market improves and inflation rises. The comments came in a statement prepared for her confirmation hearing before the Senate Banking Committee. Thursday's hearing is a chance for Senators to question Ms Yellen.
Wednesday, October 30th 2013 - 21:29 UTC
Fed continues with bond purchases: shutdown of US government affected reliable stats

The Federal Reserve decided on Wednesday to press on with the 85 billion dollars in monthly bond purchases, saying it needs to see more evidence that the economy will continue to improve.
Tuesday, October 22nd 2013 - 23:56 UTC
US jobs figure validate expectations that Fed stimulus will continue until 2014

US stocks climbed on Tuesday pushing the S&P 500 to a new intraday record, after weaker-than-expected job creation last month validated expectations the Federal Reserve will maintain its economic stimulus into next year.
Thursday, October 10th 2013 - 00:35 UTC
Obama nominates ‘pro-jobs’ Yellen to head the Federal Reserve

President Barack Obama has nominated Federal Reserve Vice-Chair Janet Yellen to run the world's most influential central bank and urged the Senate to confirm her without delay. Yellen, an advocate for aggressive action to stimulate US economic growth through low interest rates and large-scale bond purchases, would replace Fed Chairman Ben Bernanke, whose second term ends on January 31.
Tuesday, October 8th 2013 - 18:32 UTC
IMF forecasts sluggish expansion in developing world; trims global output estimate

The International Monetary Fund trimmed its forecasts for global output for the sixth time since early last year, saying stronger growth in most advanced economies would fail to make up for a more sluggish expansion in the developing world
Tuesday, October 8th 2013 - 06:29 UTC
US Fed issues the new hi-tech 100 dollar bill with 3D security ribbon

The US Federal Reserve has issued a new hi-tech 100 dollar banknote comprising several new security features. It includes a blue 3D security ribbon and a bell and inkwell logo that authorities say are particularly difficult to replicate.
Thursday, September 26th 2013 - 22:43 UTC
Argentina appeals Judge Griesa ruling stating central bank reserves are ‘seizable’ for certain purposes

New York Judge Thomas Griesa has ruled against Argentina's request to dismiss a lawsuit over the Central Bank (BCRA) reserves, which if upheld could allow holdout creditors to seize assets belonging to the country.
Friday, September 20th 2013 - 07:58 UTC
IMF sides with Obama calls on Republicans to bury political differences

The International Monetary Fund urged US policymakers to support major reforms at the global lender and bury political differences over the budget to ease one source of risk to the economy and markets.