Oil prices jump while dollar gets hammered after Fed statement March 18, 2015 Oil prices jumped as much as six per cent higher while the dollar experienced its biggest single-day decline in six years after the Federal Reserve's policy statement on interest rates. The benchmark Brent Crude closed at $55.91 a barrel, up $2.40 or 4.5 per cent when it had earlier fallen as low as $42.03 after [...]
Federal Reserve policy statement: Rate rise could come as soon as June as FOMC drops “patient” March 18, 2015 The Federal Reserve could raise historically low interest rates as soon as June after the central bank revealed it was moving away from a pledge to be “patient”. “An increase in the target range for the federal funds rate remains unlikely at the April,” said the Federal Open Market Committee's meeting statement, but leaving the [...]
Santander and Deutsche fail US Fed stress tests March 11, 2015 TWO EUROPEAN banks have failed the Federal Reserve’s stress tests. The US central bank objected to the capital plans of the US operations of both Deutsche Bank and Santander. The Fed said its objections were made “on qualitative concerns” rather than quantitative. All the large US banks passed the tests, which were introduced in 2009. [...]
Yellen: Fed will drop the word “patient” before it hikes interest rates February 24, 2015 The US Federal Reserve's rate-setting committee will lose patience before it hikes interest rates, promised Fed boss Janet Yellen today – although she remained cagey about when that would happen. In prepared remarks to the Senate Banking Committee, she suggested there is no "given point" at which the Federal Open Markets Committee (FOMC) will decide [...]
Federal Reserve remains wary of interest rate hike February 18, 2015 GOLD, PLATINUM and emerging currencies were buoyed last night after minutes of January’s Federal Reserve meeting revealed the majority of the committee remain wary of hiking rates too soon and hampering growth in the US economy. The minutes revealed the group was less unified on its strategy for when it will eventually raise interest rates [...]
Federal Reserve cautious of raising interest rates against backdrop of economic growth February 18, 2015 The Federal Reserve’s policy committee reaffirmed its cautious approach to raising interest rates after voting in unison against the measure in January. Minutes from the January meeting reveal that the majority of the committee were wary of hiking rates too soon and hampering growth in the US economy. However, the group was less unified [...]
Federal Reserve remains “patient” and holds rates in wake of strong growth January 28, 2015 The Federal Reserve has held interest rates at 0.25 per cent and reiterated that it would remain "patient" when considering a rate hike. The decision was unanimous. It is now unlikely the Fed will raise rates before the middle of the year. The US central bank pointed to strong growth in the economy and upbeat [...]
Federal Reserve upbeat on growth prospects thanks to collapse in price of oil January 7, 2015 Falling oil prices should give another boost to the economy, officials at the Federal Reserve said yesterday, despite the damage being caused to US oil and gas producers. Minutes from the Federal Open Markets Committee’s latest meeting show the policymakers believe the net effect will be positive. The price is falling both because of strong supply [...]
Federal Reserve policy statement: Interest rate hike is getting closer December 17, 2014 The Federal Reserve's policy statement shows it's inching closer to an interest rate hike. Here are some of the key takes. "Considerable time" is gone The Fed has dropped its "considerable time" approach to interest rates rises instead favouring "patience" in normalising policy. "Considerable time" was widely believed to mean six months so many commentators [...]
Fed to raise interest rates before Bank of England November 19, 2014 US INTEREST rates are expected to rise before those in the UK, as the Federal Reserve last night indicated it will not slow down its path to tighter money despite wobbles in the world economy. Mark Carney has indicated the Bank of England will keep rates lower for longer as wages are not yet rising [...]