DHAKA (Reuters) - The Federal Reserve Bank of New York has asked the Philippines' central bank to help Bangladesh Bank recover the $81 million that was stolen by hackers in February from its account held at the Fed, boosting Dhaka's efforts to retrieve the money.
Relative chart shows the S&P 500 versus the yen. The chart is rising when the S&P is rising and the yen falls. Shortly after 2:00 pm, the yen tumbled and the S&P 500 hit session highs. (CLICK TO ENLARGE). The Federal Reserve stood pat this week, and all eyes are now on the Bank of […]
After slightly expanding for the first time since January 2015 in June, manufacturing activity in the Kansas City Federal Reserve Bank’s district contracted once again in July. The composite index...
One of the problems with The Fed’s incredible quantitative easing (QE) and Zero Interest Rate Policies (ZIRP) is the correspondingly incredible disappearance of low cost housing The post The Federal Reserve And The Incredible Disappearance Of Low Cost Housing Act was originally published at The Wall Street Examiner. Follow the money!
In a Wall Street Journal oped today, Naomi Schaefer Riley discusses federal policies toward American Indians: There are almost no private businesses or entrepreneurs on Indian reservations because there are no property rights. Reservation land is held in trust by the federal government and most is also owned communally by the tribe. Show More Summary
From the Kansas City Fed: Tenth District Manufacturing Activity Declined ModestlyThe Federal Reserve Bank of Kansas City released the July Manufacturing Survey today. According to Chad Wilkerson, vice president and economist at the Federal...Show More Summary
The US Federal Reserve Board’s overall reluctance to raise base borrowing costs has stirred disarray both in the financial sector and in the real economy, as asset pricing becomes unpredictable amid diminished trust in the Fed's ability to make good on stated policy objectives.
By Yashaswini Swamynathan (Reuters) - Wall Street was set to open flat on Thursday after the Federal Reserve decided to keep interest rates unchanged, but left the door open for a possible increase in the coming months. The Fed said on Wednesday that the U.S. Show More Summary
Gold bullion was up 1.6% and silver surged 3.7% yesterday, their second consecutive day of gains, after U.S. durable-goods orders dropped sharply, adding to speculation that Federal Reserve policy makers will maintain ultra loose monetary policies. Show More Summary
As the Federal Reserve left its base interest rates unchanged, having highlighted the reduced risks of a recession, market volatility or economic collateral; market participants now expect interest rate hikes to occur no earlier than 2017.
The Federal Reserve left interest rates unchanged on Wednesday, but said near-term risks to the US economic outlook had diminished. ||| Washington - The Federal Reserve left interest rates unchanged on Wednesday but said near-term risks...Show More Summary
By Shinichi Saoshiro TOKYO (Reuters) - Asian stocks edged up early on Thursday after the Federal Reserve provided an positive assessment of the world's largest economy and lifted risk sentiment. The dollar sagged against its peers as...Show More Summary
Federal Reserve officials are sounding more optimistic about economic growth, even though business investment remains "soft."
Information received since the Federal Open Market Committee met in June indicates that the labor market strengthened and that economic activity has been expanding at a moderate rate. Job gains were strong in June following weak growth in May. Show More Summary
An old meme in new clothing has been circulating recently: The Federal Reserve could have and should have saved Lehman Brothers. It had the resources, the legal authority and the obligation to do so; its failure to act let a modest financial fire become a full-blown credit crisis. Show More Summary
The Federal Reserve voted to leave the Fed Funds Rate near 0.25% after its July 2016 meeting. Mortgage rates are dropping.
Federal Reserve policymakers said Wednesday they were holding a key interest rate steady but signaled a hike could come this fall as their concerns have eased about a slowing job market and the fallout from Britain’s vote to leave the European Union. Following a two-day meeting, central bank officials...
US Federal Open Market Committee decided to maintain interest rates at the 0.25-0.5 percent level, according to official statement.
(Photo by Alex Wong/Getty Images) The Federal Reserve is still not touching interest rates. On Wednesday, at the close of its two day meeting, the Federal Reserve’s Open Market Committee said it would keep its benchmark interest rate where it isat 0.25% to 0.50%. In a statementexplaining itsdecision, policymakers said they were continuing [...]
The Federal Reserve will release its latest policy statement at 2 p.m. ET. It's expected to show that the Fed funds rate will remain unchanged in a 0.25% to 0.50% range — another one of the Federal Open Markets Committee's more predictable...Show More Summary