Tag: US economy

• Tuesday, July 17th 2012 - 20:13 UTC

  Bernanke concerned with US economy but with no clues about what steps to follow

  

  Federal Reserve Chairman Ben Bernanke on Tuesday offered few new clues on whether the US central bank was moving closer to a fresh round of monetary stimulus, even as he underscored his concerns over the economy's weakness.

• Thursday, July 12th 2012 - 06:54 UTC

  US Fed divided as to when decide on a new round of asset purchases

  

  The US Federal Reserve officials are open to the possibility of a new round of asset purchases, though the US economy may need to get weaker before any further action is taken.

• Thursday, June 7th 2012 - 06:16 UTC

  “Modest increase” assessment on the US economy from the Federal Reserve

  

  Economic growth in the United States picked up over the last two months and hiring showed signs of a “modest increase,” the Federal Reserve said in a report that ran counter to a growing sense of economic gloom.

• Thursday, March 1st 2012 - 04:19 UTC

  Good fourth quarter for US economy: GDP expands at 3% annual rate

  

  The US economy grew a bit faster than initially thought in the fourth quarter on slightly firmer consumer and business spending, which could help to allay fears of a sharp slowdown in growth in early 2012.

• Friday, February 3rd 2012 - 18:33 UTC

  US economy creating jobs at fastest pace in months: unemployment drops to 8.3%

  

  The US economy created jobs at the fastest pace in nine months in January and the unemployment rate dropped to a near three-year low of 8.3%, indicating last quarter's growth carried into early 2012.

• 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 23rd 2011 - 20:19 UTC

  Global markets slide overwhelmed by negative news

  

  Global markets fell Wednesday after more evidence emerged that the global economy is faltering fast and that the Euro zone is heading for a recession as the debt crisis spreads to the bigger economies like Italy and Spain.

• Thursday, October 27th 2011 - 23:22 UTC

  Obama upbeat with the EU deal and improved performance of the US economy

  

  President Barack Obama said on Thursday that European Union leaders have laid “a critical foundation” to solve the Euro zone debt crisis with their deal announced Wednesday evening.

• 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.

• Wednesday, September 14th 2011 - 06:33 UTC

  US non partisan agency forecasts slower growth and 9% unemployment in 2012

  

  US economy will grow slower than anticipated and joblessness will stay high as the fallout of the deepest recession since the Great Depression takes its toll, the Congressional Budget Office said on Tuesday.