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MercoPress, en Español

Montevideo, June 24th 2026 - 02:21 UTC

Tag: US Federal Reserve

  • Wednesday, April 25th 2018 - 09:14 UTC

    The yield for 10-year US Treasury bonds breaks 3% yield rattling markets

    The yield on the benchmark bond inched past 3% on Tuesday, a level that many market players deem dangerous for investments and the economy.

    The 10-year U.S. Treasury yield has broken through the “psychologically important” level of 3%, leaving analysts contemplating what it could mean the future of asset markets and, more importantly, the global economy. The yield on the benchmark bond — which helps to set prices for debt instruments all over the world — inched past 3% on Tuesday, a level that many market players deem dangerous for investments and the economy.

  • Thursday, February 22nd 2018 - 09:07 UTC

    Fed more positive on economic outlook ...and more rate hikes expected in 2018

    In January, the Fed left the rate unchanged at a range of 1.25% to 1.5%, and said inflation was expected to “move up” this year and stabilize around the 2% target

    United States Federal Reserve officials grew more positive on the economic outlook, citing “substantial underlying economic momentum,” and were increasingly optimistic about achieving their inflation target, according to minutes of last month’s policy meeting.

  • Friday, February 9th 2018 - 20:26 UTC

    Fed member forecasts three interest rate hikes this year

    Dallas Fed president Robert Kaplan said that any removal of stimulus would be done gradually and patiently, without pre-commitment to any particular rate path.

    The U.S. Federal Reserve is likely to continue removing policy accommodation gradually and could hike rates three times this year, Dallas Fed President Robert S. Kaplan told a business conference in Frankfurt on Thursday.

  • Wednesday, February 7th 2018 - 15:23 UTC

    Powell becomes chairman of the Fed in a turbulent trading day

    President Donald Trump picked Powell after deciding to break with recent tradition by not offering Yellen a second four-year term.

    Jerome Powell was sworn as the 16th chairman of the Federal Reserve on what turned out to be a turbulent day for Wall Street, with the Dow Jones industrial average plunging by more than 1,100 points. Powell, 65, was given the oath of office by Randal Quarles, the Fed's vice chairman for supervision, in a ceremony that took place before stock trading opened on Wall Street.

  • Thursday, December 14th 2017 - 13:54 UTC

    Federal Reserve increases interest rate by a quarter of a point

    The Fed's rate-setting committee said, as it announced the latest decision, that economic growth and job gains had been “solid”

    The US Federal Reserve has increased interest rates by a quarter of a percentage point - the third rate hike this year. It comes as Fed chair Janet Yellen prepares to leave the role
    after Donald Trump decided to replace her.

  • Saturday, August 12th 2017 - 12:46 UTC

    July inflation in US at 0.1% and the annual rate stands at 1.7%

    Rising medical care costs, housing and food pulled the CPI up in July, after no change in June and May's 0.1% dip.

    Prices in the United States rose by less than expected last month, as inflation in the economy remained tame. The Labor Department's Consumer Price Index (CPI) inched up 0.1% last month, only a slight improvement on a stagnant June figure. Economists polled by Reuters had expected a 0.2% month-on-month increase.

  • Thursday, July 27th 2017 - 16:41 UTC

    Trump's economic advisor Gary Cohn considered as possible next Fed chair

    Cohn, a former Goldman Sachs president and Yellen current Fed Chair

    United States President Donald Trump named two possible candidates to run the Federal Reserve over the next few years: current Fed Chair Janet Yellen and Trump's economic adviser Gary Cohn, according to an interview with The Wall Street Journal.

  • Thursday, March 16th 2017 - 12:06 UTC

    Fed raises interest rate by a quarter of a point: second time in three months

    “We have seen the economy progress over the last several months in exactly the way we anticipated,” Yellen reaffirming confidence in the path the economy is on

    U.S. Federal Reserve raised interest rates on Wednesday for the second time in three months, a move spurred by steady economic growth, strong job gains and confidence that inflation is rising to the central bank's target. The decision to lift the target overnight interest rate by 25 basis points to a range of 0.75% to 1.0% marked a convincing step in the Fed's effort to return monetary policy to a more normal footing.

  • Saturday, January 7th 2017 - 08:42 UTC

    Obama's legacy, a robust jobs market with wage growth accelerating

    Over the last year of Barack Obama's presidency, job growth reached 2.2 million, down from 2.7 million in 2015.

    US businesses added 156,000 jobs in December in the last release of key economic data before Donald Trump is sworn in as US president. The number of jobs created fell from an upwardly revised 204,000 in November and came in below market expectations of 175,000 new roles. The jobless rate edged up last month to 4.7% from 4.6%.

  • Tuesday, December 20th 2016 - 06:51 UTC

    US labor market “the strongest in more than a decade”, Yellen tells graduating class

    “After years of slow economic recovery you advent of the strongest labor market in more than a decade”, said Yellen at the University of Baltimore

    The United States labor market is in the best condition in last decade said the chairman of the Federal Reserve Janet Yellen during a speech to the graduating class at the University of Baltimore. Fed chairman said that the signs of healthy labor market are abundant, among which stand out the stable rate of creation of new jobs and lower share of cuts.