Tag: Federal Reserve

• Wednesday, August 10th 2011 - 07:35 UTC

  US, EU and Asian markets rebound strongly on Fed Reserve announcement

  

  Asian markets rebounded after the US Federal Reserve said it will keep interest rates on hold and Wall Street had its best day in two years. The decision by the US central bank to keep rates at current levels until at least 2013 helped stem one of the biggest sell-offs in recent years.

• Tuesday, August 9th 2011 - 20:11 UTC

  Federal Reserve anticipates low rates and current stimuli level through mid-2013

  

  The Federal Reserve said on Tuesday it will keep its hefty monetary policy stimulus for at least another two years, an effort to support a flagging economy and fragile global markets that face considerable selling spree.

• Thursday, July 28th 2011 - 11:27 UTC

  US economic recovery slowed down in June says Fed’s Beige Book

  

  The pace of United States economic growth slowed last month in eight of the 12 Federal Reserve Districts, the central bank said Wednesday in the latest edition of its Beige Book report.

• Thursday, July 14th 2011 - 18:27 UTC

  Bernanke warns Congress of “calamitous outcome” if the US defaults on its debt

  

  Federal Reserve Chairman Ben Bernanke warned the United States Congress that overzealous cuts to government spending could derail an already fragile recovery and said a US debt default could wreak financial havoc.

• Wednesday, July 13th 2011 - 16:30 UTC

  Fed ready to inject new stimulus if US economy remains persistently weak

  

  Federal Reserve Chairman Ben Bernanke said the central bank is ready to ease monetary policy further if the economy weakens and inflation moves lower, suggesting policymakers are actively mulling further stimulus.

• Thursday, June 30th 2011 - 06:58 UTC

  IMF urges a political agreement on the US federal debt ceiling

  

  Failure by US lawmakers to agree soon on a deal to raise the government's borrowing limit could deliver a “severe shock” to a still fragile recovery and global markets, the International Monetary Fund warned.

• Monday, June 27th 2011 - 18:48 UTC

  Federal Reserve will remain biggest buyer of US Treasury bills

  

  The Federal Reserve will remain the biggest buyer of Treasuries, even after the second round of quantitative easing ends this week, as the central bank uses its 2.86 trillion US dollars balance sheet to keep interest rates low.

• Friday, June 24th 2011 - 22:44 UTC

  US economy expanded at a 1.9% annual pace in the first quarter

  

  The United States economy grew at a 1.9% pace in the first quarter marking the start of what Federal Reserve policy makers anticipate is a temporary slowdown in growth.

• Wednesday, June 22nd 2011 - 23:36 UTC

  Fed admits it does not have a “precise read” of why US economy is slowing

  

  The Federal Reserve has cut its growth forecast for the US economy in the face of the impact of higher energy prices. It now estimates that the US economy will expand between 2.7% and 2.9% this year, down from its April forecast of 3.1% to 3.3%.

• Friday, June 10th 2011 - 03:56 UTC

  Record exports in April helped to lower US trade deficit by 6.7%

  

  Exports of US goods and services rose to a record 175.6bn in April, helping to shrink its trade deficit. Data from the Commerce Department showed the gap between imports and exports fell by 6.7% to 43.7bn as manufacturers shipped more items such as computers.