Tag: Federal Reserve

• Friday, September 20th 2013 - 07:36 UTC

  Brazil’s Mantega becomes supporter of US stimulus and praises Fed’ last decision

  

  Brazilian Finance Minister Guido Mantega, on Wednesday cheered the Federal Reserve's decision to leave stimulus unchanged, saying it may signal an end to market turmoil. Mantega, who gained international fame for using the term “currency wars” to describe rich nations’ efforts to lift exports by weakening their currencies, said a gradual stimulus withdrawal may boost Latin America's largest economy.

• Wednesday, September 18th 2013 - 20:33 UTC

  Fed decides to keep stimulus: fears of economy sluggishness and still slow labour market

  

  In a surprise move after a two-day meeting the US Federal Reserve said on Wednesday that it would continue buying bonds at a rate of 85 billion dollars monthly and expressed concern that a sharp rise in borrowing costs in recent months could weigh on the economy.

• Thursday, September 5th 2013 - 01:59 UTC

  Advanced economies taking the global relay from emerging countries, says IMF

  

  Advanced economies led by the United States will increasingly drive global growth while emerging countries are at risk of slowing due to tighter US monetary policy, the IMF said in a note according to Reuters news agency.

• Wednesday, July 24th 2013 - 06:56 UTC

  Fed expected to trim bond buying to 65bn in September, says Bloomberg survey

  

  Federal Reserve Chairman Ben S. Bernanke in September will trim the Fed’s monthly bond buying to 65 billion from the current pace of 85 billion dollars, according to a growing number of economists surveyed by Bloomberg News.

• Monday, July 22nd 2013 - 06:17 UTC

  G20 ministers and bankers pledged to put growth before austerity

  

  The Group of 20 nations pledged to put growth before austerity, seeking to revive a global economy that “remains too weak” and adjusting stimulus policies with care so that recovery is not derailed by volatile financial markets.

• Wednesday, July 17th 2013 - 22:12 UTC

  Fed says asset purchases will remains above all flexible to market conditions

  

  Federal Reserve Chairman Ben Bernanke said on Wednesday the US central bank still expects to start scaling back its massive asset purchase program later this year but left open the option of changing that plan in either direction if the economic outlook shifted.

• Saturday, July 6th 2013 - 06:44 UTC

  US economy adds more jobs than forecasted; markets looking at the Fed’s reaction

  

  The US economy added a net 195,000 new jobs in June, official figures show. The figure was well above economists' expectations of 165,000. Revisions to data for April and May added a further 70,000 jobs to previous estimates. This means the jobless rate remained steady at 7.6% of the workforce, according to data from the Bureau of Labour Statistics.

• Friday, June 21st 2013 - 16:52 UTC

  World Bank preparing for when US begins to slow money creation

  

  The World Bank is concerned about the spill-over effects on developing countries of a slowing of US money creation and will move to provide affordable capital when borrowing costs rise.

• Thursday, June 20th 2013 - 02:25 UTC

  Fed warns investors to be prepared for an easing out of stimuli later in the year

  

  United States Federal Reserve Chairman Ben Bernanke is putting investors on notice that the central bank is prepared to begin phasing out easing programs later this year.

• Sunday, June 16th 2013 - 13:55 UTC

  IMF calls for ‘timely’ unwinding of US stimuli program fearing markets’ volatility

  

  The International Monetary Fund cautioned on the possible risks of the United States ‘non timely’ unwinding of the stimuli program implemented by the Federal Reserve and the collateral effects that such a policy could have on emerging economies, as those in Latinamerica.