Tag: Federal Reserve

• Wednesday, January 18th 2012 - 03:13 UTC

  Argentine defaulted bonds dispute reaches the US Supreme Court

  

  The US Supreme Court has asked President Barack Obama's administration for its views of a ruling that unfroze 105 million dollars of Argentina's central bank deposits in a setback for two US investment funds that sought to seize the money to satisfy their claims from Argentina’s debt default a decade ago.

• Saturday, December 17th 2011 - 03:10 UTC

  US consumer prices flat in November helped by falling prices of gasoline

  

  US consumer prices were flat in November as Americans paid less for cars and gasoline, while the 12-month inflation reading fell for the second straight month, which could give the Federal Reserve more room to help a still-weak economy.

• Tuesday, December 13th 2011 - 23:33 UTC

  Fed anticipates exceptional low level rates at least through mid 2013

  

  The Federal Reserve on Tuesday made no changes to its interest rate policy but left the door open for further monetary easing next year depending on the impact of strains in the global financial markets (Europe’s debt problems).

• Wednesday, November 2nd 2011 - 18:08 UTC

  Federal Reserve in upbeat tone votes to maintain bond buying program

  

  The US Federal Reserve announced Wednesday after a two-day meeting to keep interest rates on hold and maintain its bond buying programs. The decision was entirely as expected by markets and economists.

• Thursday, October 13th 2011 - 23:20 UTC

  Fed’s 10-member split in three on stimulus measures, reveal minutes

  

  Three members of the Federal Reserve's Open Market Committee (FOMC) voted against the Fed's latest stimulus measures at its meeting last month, minutes have revealed.

• Tuesday, October 4th 2011 - 19:52 UTC

  Federal Reserve tries to calm markets; promises further action to prop the economy

  

  The Federal Reserve is prepared to take further steps to help a fragile economic recovery held back by a weak job market and financial stresses in Europe, Fed Chairman Ben Bernanke said on Tuesday.

• Friday, September 30th 2011 - 01:32 UTC

  Dissident Fed member forecasts a ‘painfully protracted recovery’

  

  Federal Reserve's move last week to further lower borrowing costs was risky and won't significantly speed up a “painfully protracted” recovery, one of the officials who dissented against the decision said on Thursday.

• Wednesday, September 21st 2011 - 21:28 UTC

  Fed injects more ‘accommodation’ liquidity to bonds’ market and housing

  

  With three dissenting members the Federal Reserve announced on Wednesday further efforts to prop the US economy launching an accommodation program to put more downward pressure on long-term interest rates and increase its support for housing.

• Thursday, September 8th 2011 - 00:12 UTC

  Review on US economy for Fed’s next meeting shows slow growth, weak activity

  

  The US economy continues to grow slowly, with patches of weaker activity, the Federal Reserve said Wednesday in a report used by the central bank in setting monetary policy.

• Wednesday, August 31st 2011 - 09:00 UTC

  Dissenting Fed member pledges unity but makes different reading of data available

  

  Federal Reserve Bank of Minneapolis President Narayana Kocherlakota signalled he would not attempt to annul the Fed’s commitment to keep interest rates near zero through mid-2013.