Local unit prices at US72.85c in late trade, as Federal Reserve comments dent the greenback.
Federal Reserve Bank of Minneapolis president Narayana Kocherlakota:...Why has the rate of labor market improvement slowed so much in 2015 relative to 2014? In thinking about this question, I find the timing of monetary policy changes to be highly...
With inflation well below its target level and rising concern about global market stability, the US Federal Reserve needs to reconsider its commitment to a 2015 rate rise.
The former chairman of the Federal Reserve writes about how government and financial institutions dealt with what has come to be known as the Great Recession.
Federal Reserve officials believe the U.S. recovery will likely remain insulated from the slowdown in China that has roiled the global economy, keeping the central bank on track to begin ending its extraordinary stimulus later this year. The Fed opted to keep its benchmark interest rate at zero following its regular policy meeting in September. […]
Andrew Burton/Getty Images By Sinead Carew NEW YORK -- U.S. stocks ended higher Thursday with the S&P 500 closing at a seven-week high as investors saw further signs of dovishness in the Federal Reserve's September meeting minutes, which shed light on its decision to keep interest rates near zero. The minutes showed the U.S. Show More Summary
Stocks are closing solidly higher on Wall Street, continuing a weeklong advance. Investors were relieved Thursday by minutes from the Federal Reserve's latest meeting, which showed that policymakers were in wide agreement to keep rates low. The Dow Jones industrial average rose 138 points, or 0.8%, to 17,050....
Stocks rallied, and the S&P 500 briefly climbed back above 2,000, after the Federal Reserve's September meeting minutes showed that the Fed still wants to raise rates this year. And near 2:32 p.m. ET, the Dow was up 66 points, the S&P...Show More Summary
Local unit rebounds above US72c once more as Federal Reserve releases dovish minutes.
The Fed thinks stocks are expensive. In the Minutes of its September meeting released Thursday, the Federal Reserve indicated that it could still raise interest rates this year. The Minutes also shed some light on why the Fed put off a rate hike this year. Show More Summary
Many Federal Reserve officials appeared to be on the fence on whether to vote for a interest rate hike last month, but in the end they agreed to hold off largely because the slowing global economy had increased their worries about low inflation in the U.S. An account of that meeting, released Thursday...
The Fed said "China" five times in September. On Wednesday, the Minutes from the latest Federal Reserve meeting were released showing that on balance, the Fed isn't sure what to make the economy, global markets, and as a result kept interest rates pegged near 0%. Show More Summary
At 2:00 p.m. ET, the Federal Reserve will publish the minutes of its September 16-17 meeting. The Fed decided not to raise interest rates for the first time in nine years, although some economists were convinced that the timing was right. Show More Summary
As Bloomberg begins it story about some very confused bond market analysts, "a year that started with almost everyone calling for the Federal Reserve to raise interest rates is drawing to a close with one of the world’s largest bondShow More Summary
US stocks open lower ahead of release of the Federal Reserve's September meeting minutes.
By Abhiram Nandakumar (Reuters) - Wall Street was set to open lower on Thursday ahead of the minutes of the Federal Reserve's September meeting that investors are counting on to provide insight into the Fed's thinking on interest rates. Show More Summary
Bonds have been on an up and down ride. When the Federal Reserve Board opted to leave the federal funds rate unchanged in September, bonds rallied. Then Janet Yellen indicated she still expects the Fed to raise rates this year, which caused a brief sell off, before fears over global [...]
It wasn’t overly surprising to see the Federal Reserve leave interest rates unchanged on September 17. Nevertheless, the Fed is still likely to embark on a course of rate normalization sooner rather than later. This brings to mind the escalating conflict between the forces of quantitative easing (QE) and quantitative [...]
More than a dozen community activists picketed the Federal Reserve Bank of Philadelphia this week, protesting what they say is the bank president’s refusal to meet with them to discuss how Fed monetary policy affects real people. The...Show More Summary
The former Federal Reserve chair on the U.S. recovery, killing bad banks and his new book about the 2008 meltdown, The Courage to Act