Hawk dressed as dove helps index rise up – New York Report December 16, 2015 Investors took advantage of the Federal Reserve’s “Santa Clause” hike in interest rates yesterday to pull Wall Street higher. The 25 basis points rise was seen as a vote of confidence in the US economy. The Dow Jones industrial average rose 224.18 points, or 1.28 per cent, to 17,749.09, the S&P 500 gained [...]
Federal Reserve interest rate decision: What did the world look like in 2006, the last time the Fed hiked rates? December 16, 2015 We finally have lift-off. The Federal Reserve have raised short-term interest rates for the first time in close to a decade, signalling the US economy has returned to health after the financial crisis. But what did the world look like in June 2006, the last time a Fed rate hike happened? If you don’t remember, [...]
Oil price stable following Fed interest rate hike December 16, 2015 The price of oil was stable following the expected US Federal Reserve decision to raise interest rates by 0.25 percentage points. Fed chair Janet Yellen said: “I have been surprised by the further downward movement in oil prices. Oil prices need to stabilise for inflation to move up.” The oil price has been falling since Saudi [...]
Fed rate hike reactions: The best Twitter responses to Janet Yellen’s big move December 16, 2015 What to do when the Federal Reserve has raised interest rates from a historic low for the first time in nearly a decade, in a bill of health for the US economy? Why, take to Twitter, of course. Read more: What the world looked like the last time the Fed hiked rates The social media [...]
Here’s how the Federal Reserve’s interest rate hike could impact the world economy December 16, 2015 As the Federal Reserve raised interest rates today, here's how economists think the US policy tightening will impact the world economy: Latin America Central Banks in Latin America are likely to begin hiking rates in response, according to Ian Shepherdson at Pantheon Macroeconomics. The Brazilian real has fallen 32 per cent against the US dollar this year, [...]
Fed rate hike: What you need to know about ahead of Janet Yellen’s big decision on US interest rates, from why it’s important to when it’s announced December 16, 2015 The world is waiting on tenterhooks for the outcome of the Federal Reserve’s monetary policy meeting, with the US central bank widely expected to announce its first interest rate hike in nearly a decade tonight. Barring “unanticipated shocks”, Fed members are expected to vote to lift rates by quarter to half a percentage point from their current historic low. After [...]
Hold onto your hat: It’s Saxo Bank’s outrageous predictions for 2016 including the oil price, the US presidential campaign, euros vs dollars, Brazil, Russia and the end of the luxury sector December 16, 2015 Bored by predictions for 2016 that tentatively forecast interest rate rises and a slight dampening of the property market? Want something that will really make you prepare for the worst (or best) case scenarios out there? Well hold onto your hat, because it's Saxo Bank's annual outrageous predictions for the year ahead, and they are just [...]
The Bank of England will look for an all clear from the US Federal Reserve’s interest rate decision December 16, 2015 When the United States Federal Reserve finally raises its benchmark interest rate after seven long years at zero, no central bank will be watching what happens more carefully than the Bank of England (BoE). After all, the cyclical similarities between the UK and US mean markets will be looking to BoE as the next central bank [...]
Fed rate hike decision: What’s expected to change, what it means, and how it will impact your investments December 16, 2015 The world is watching the US central bank, the Federal Reserve, as experts think it will finally raise interest rates from their record lows today.. The Federal Reserve’s main interest rate was cut to 0.25 per cent in December 2008, the depths of the financial crisis. It has stayed there since. It was an [...]
US interest rate hike: The Fed will raise rates at least three times in the next year, fund managers predict December 15, 2015 Tomorrow, the Federal Reserve is expected to raise US interest rates above their near-zero levels for the first time since 2006. But the changes won't end there, according to most US fund managers. Bank of America Merrill Lynch's (BoAML) December survey shows how 58 per cent of them expect at least three rate hikes to take [...]