Blue-chip stocks were slightly lower today in anticipation of the Federal Reserve's 2 p.m. EDT announcement about whether or not it would continue with QE3 or begin tapering its purchases of securities in the bond market. The Dow Jones Industrial Average fell by more than 60 points immediately after the press release was issued, and as of 3:05 p.m. Show More Summary
WASHINGTON (AP) — The Federal Reserve offered a hint Wednesday that it's moving closer to slowing its bond-buying program, which is intended to keep long-term interest rates at record lows.
After the latest glimpse into the state of economic thinking these days at the the Federal Reserve, investors are dumping bonds, dumping stocks, and flocking to the almighty dollar. This is a chart of the ICE U.S. Dollar Index, tracking the U.S. currency versus a bunch of other major global currencies. The spike starts shortly [...]
No real surprises from the most recent
meeting of the Federal Open Market Committee. Despite some talk in
he press of possible "tapering," the Federal Reserve's governing
board said today that it will continue with its existing,
open-ended bond-buying program. Show More Summary
The Federal Reserve will continue its program of purchasing $85 billion in securities and will leave the target interest rate for federal funds untouched to support the U.S. economy, the U.S. central bank said in a policy update issued Wednesday afternoon.
The Federal Reserve's FOMC statement and economic forecasts are out.
One number jumped out at us. For 2014, the Federal Reserve now estimates the unemployment rate will be in the range of 6.5% to 6.8%, down from an earlier forecast of...Show More Summary
The Federal Reserve kept is “highly accommodative” monetary policies in place at its latest Federal Open Market Committee (FOMC) meeting.Read the Rest...
The Federal Reserve just released its latest FOMC statement on monetary policy, and bonds are taking a hit. Before the release at 2 PM ET, the yield on the 10-year U.S. Treasury note was hovering around 2.21%. Following the release,Show More Summary
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By Alister Bull and Pedro da Costa
WASHINGTON -- The U.S. Federal Reserve said Wednesday it would keep buying $85 billion in bonds each month and gave no explicit indication that it was close to scaling back the program,...Show More Summary
WASHINGTON -- Federal Reserve policymakers said Wednesday that they would continue the central bank’s controversial bond-buying stimulus program and leave short-term interest rates near zero to help boost the economic recovery, which they said was facing fewer downside risks.
The Dow Jones Industrial Average is down slightly as the market eagerly awaits the 2 p.m. EDT release of the Federal Reserve Open Market Committee’s statement, followed by the 2:30 p.m. EDT press conference with Fed Chairman Ben Bernanke. As of 1:15 p.m. EDT the Dow is down 21 points, or 0.13%, to 15,298. The [...]
The Federal Reserve’s two-day meeting concludes today, and markets will be on pins and needles waiting for Chair Ben Bernanke’s announcement later today on exactly what that body has decided needs to be done regarding economic stimulus. Will the Fed end QE3? If so, how slowly? These are the big questions, and speculation has been [...]
The Federal Reserve will maintain its pace of purchasing $85 billion in assets every month for the time being, according to the statement from the central bank’s just-concluded two-day monetary policy meeting, but there is reason to believe the day when it starts to hit the brakes is drawing closer. In the statement, the Federal [...]
Below are the up-to-date economic forecasts from the Federal Reserve: Here's where everyone stands in terms of the direction of monetary policy: Join the conversation about this story »
WASHINGTON (AP) — The Federal Reserve says it will maintain the pace of its program to keep long-term interest rates at record lows, but offered a slightly more optimistic outlook for the U.S. economy and job market.
The Federal Reserve projects that the unemployment rate could fall to 6.5% in 2014, a threshold it has conditionally set to begin raising interest rates.
By Thomas Kee: Stock Traders Daily has issued a Special Report on Monetary Policy outlining the influence the recent combined efforts of both the US Treasury and Federal Reserve have had over both perceived and real domestic liquidity. Show More Summary
The Federal Reserve’s policy committee met Tuesday and Wednesday, and the world is waiting for the results. At 2 p.m., the Federal Open Market Committee will release both a statement announcing its policy stance and the committee’s economic projections, revealing … Continue reading ?
By John M. Mason: I have made this assertion before: the ultimate criteria to judge the performance of a Federal Reserve Chairman is what happens to the value of the US dollar during that individual's tenure as the Chairman of the Board of Governors of the Federal Reserve System. Show More Summary
Most people at the US Federal Reserve would understandably be reluctant to admit that they first learned about financial markets from an animated talking bear. Likely most did not. But I am the front end of a very different generation...Show More Summary