Tag: US Federal Reserve

• 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.

• Saturday, March 8th 2014 - 06:37 UTC

  US unemployment rises slightly in February despite a boost in new jobs

  

  The US economy added 175,000 new jobs in February, but the unemployment rate rose slightly to 6.7%. The jobs figures, from the US Labor Department, were better than many had been expecting and marked a rebound from two weak months.