Tag: Federal Reserve

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.
Sunday, June 16th 2013 - 13:33 UTC
Redesigned 100 dollar note begins circulation next 8 October, says Fed

The Federal Reserve Board on Wednesday announced that the redesigned 100 dollar note will begin circulating on 8 October 2013. This note, which incorporates new security features such as a blue, 3-D security ribbon, will be easier for the public to authenticate but more difficult for counterfeiters to replicate.
Wednesday, May 22nd 2013 - 17:55 UTC
“Fed not ready to take its foot off the gas”, Bernanke tells the US Congress

The Federal Reserve's monetary stimulus is helping the US economy recover, and the central bank needs to see further signs of traction before taking its foot off the gas, central bank chairman Ben Bernanke said on Wednesday.
Thursday, April 25th 2013 - 19:54 UTC
Federal Reserve announces day of issue of redesigned 100 dollars bill note

The Federal Reserve Board on Wednesday announced that the redesigned 100 dollars note will begin circulating on October 8, 2013. This note, which incorporates new security features such as a blue, 3-D security ribbon, will be easier for the public to authenticate but more difficult for counterfeiters to replicate.
Monday, April 1st 2013 - 09:17 UTC
US economy fourth quarter report positive, but still sluggish

The US economy grew at a faster than expected 0.4% in the fourth quarter of 2012, the Department of Commerce has said. The annualised figure was better than an earlier estimate of 0.1% growth, reflecting increased investments in plant and equipment.
Friday, March 22nd 2013 - 07:04 UTC
Bernanke de-personalizes his job: the Fed a ‘terrific team’ and ‘no single person is essential’

Federal Reserve Chairman Ben Bernanke admitted speaking to President Barack Obama about his future and that he feels no personal responsibility to stay at the helm until the Fed winds down its unprecedented policies to stimulate the US economy.
Saturday, March 9th 2013 - 04:40 UTC
US jobs market picks up in February but budget dispute with Congress looms

Hiring in the US has gathered momentum after government figures showed that the economy created 236.000 jobs in February. The figure was much higher than analysts had expected, and more than the 157,000 jobs created in January.