Tag: US Federal Reserve

Friday, April 15th 2016 - 09:04 UTC
US regulators reject “too big to fall” banks proposals in case of another major 'blackout'

US regulators have rejected the plans of five big US banks for closing their operations in the event of a crisis. Banks labeled “too big to fail” must have a so called “living will” that would allow them to close down without the help of public money. Bank of America, Bank of New York Mellon, JPMorgan Chase, State Street and Wells Fargo have until 1 October to submit improved plans.
Thursday, November 26th 2015 - 07:31 UTC
U.S. economy picks up in third quarter but down from same period in 2014

The U.S. economy grew at a slightly faster pace in recent months than first thought, as businesses restocked their goods. U.S. Commerce Department said the world's largest economy advanced 2.1% in the July-to-September period, up from an initial estimate of 1.5%.
Thursday, September 17th 2015 - 21:03 UTC
US consumer prices slipped in August helped by fuel prices and strong dollar

Consumer prices in the United States fell in August as petrol prices dropped and a strong dollar curbed the cost of goods, the US Department of Labor has said. The Consumer Price Index (CPI) slipped 0.1% last month, the first decline since January. But in the 12 months to August, the CPI rose 0.2% after a similar gain in July.
Tuesday, September 8th 2015 - 08:54 UTC
Brazil confident it can stand 'first period of volatility' if Fed raises rates

Brazil is well prepared to cope with any market volatility resulting from a U.S. interest rate rise, Finance Minister Joaquim Levy said on Monday. The minister told a meeting in Madrid that Brazil's banks were well capitalized and the country has large foreign exchange reserves.
Tuesday, September 8th 2015 - 08:42 UTC
IMF cautions Fed on conditions when it decides to increase interest rates

The US Federal Reserve must be certain that the job market and inflation are strong enough to justify raising interest rates, IMF managing director Christine Lagarde said after a G20 meeting focused on the pressure the increase might place on the global economy.
Thursday, August 27th 2015 - 04:21 UTC
Chinese shares timidly return to positive territory: Shanghai Composite up 2.3%

Chinese shares have returned to positive territory after massive losses earlier in the week rocket markets around the globe. The Shanghai Composite was up by 2.3% at 2,991.91 points. The turnaround, though, does little to make up double digit percentage losses made so far this week.
Friday, July 10th 2015 - 07:51 UTC
In a world of high debts, ”we have to be ready for episodes like this (Greece)” says IMF

The International Monetary Fund on Thursday said it seemed Greece's crisis and market volatility in China would not affect when the US Federal Reserve chooses to raise interest rates. However earlier in the week the IMF suggested United States delays raising interest rates, warning that economic growth could be “significantly debilitated” by a soaring greenback.
Saturday, January 3rd 2015 - 07:56 UTC
Dragui remarks makes Euro fall to its lowest against the dollar since June 2010

The euro fell Friday to a 4 ½-year low against the dollar after European Central Bank President Mario Draghi indicated the bank could soon back a government bond-buying program to deal with alarmingly low inflation across the 19-country Euro-zone.
Saturday, May 10th 2014 - 00:13 UTC
ECB ready to take action against low inflation and strong Euro, says Dragui

The European Central Bank is ready to take action next month to boost the Euro zone economy if updated inflation forecasts merit it, said ECB president Mario Dragui warning outsiders not to pressure the bank into action.
Friday, May 9th 2014 - 06:42 UTC
Fed in no rush to address its balance sheet; calls on Senate for fiscal restraint

The US Federal Reserve is in no rush to decide the appropriate size of its balance sheet, but if it ultimately shrinks it to a pre-crisis size, the process could take the better part of a decade, Fed Chair Janet Yellen has said.