US stocks fell on Fed news and weak data – New York Report April 29, 2015 US STOCKS ended lower yesterday as the Federal Reserve cited weakness in the US economy and data showed growth slowed more sharply than expected in the first quarter. But the Fed’s acknowledgement of weakness in some sectors of the economy makes it more likely it will not be ready to raise until at least September, [...]
Federal Reserve keeps interest rates near zero but hints at hike in the near future April 29, 2015 Following its two-day policy meeting, the Federal Reserve has confirmed it is keeping its target interest rate at close to zero per cent, but says it will raise it soon if the US economy continues to grow. Since the 2008 financial crisis, the US central bank has kept its rates at a record low in [...]
Pimco just hired former Federal Reserve chief Ben Bernanke as its adviser April 29, 2015 Pimco has appointed former US Fed chief Ben Bernanke – the second consulting job Bernanke has taken in the past couple of weeks. Bernanke will "contribute his economic expertise and insights to the firm's investment process and periodically engage Pimco's clients", the investment manager said today. Pimco chief executive Douglas Hodge said Pimco said Bernanke's [...]
Gold price rises yet again as investors expect little change in Fed statament April 28, 2015 The price of gold went up for the second day in a row today, rising 0.9 per cent to $1,212.62 an ounce. This is slightly less than yesterday, when the precious metal went up by two per cent in value. The gains reflect a belief among investors that the US Federal Reserve will take [...]
Ben Bernanke is back and this time he’s blogging about robots April 28, 2015 Former US Fed chairman Ben Bernanke is back with another blog post on the Brookings Institution's website, the think tank for which he is a full-time fellow. "I don't think we'll be replacing the FOMC with robots anytime soon," he wrote. "I certainly hope not".
What the General Election could mean for sterling – DailyFX Tips & Picks April 27, 2015 THERE are many ways the UK General Election could affect the financial markets. But since most FTSE 100 companies have an international exposure, most agree that the effect will primarily be felt by small cap businesses. Unless we get a Tory coalition with Ukip, that is. This could lead to an EU referendum and a [...]
Fed to decide on rates policy – New York Report April 26, 2015 THE US Federal Reserve is to meet for two days this week in order to discuss possible changes to its monetary policy. The outcome of the meeting is due on Wednesday. It seems likely that the Fed will be forced to wait until later this year before raising rates from record lows. Wages and inflation [...]
In pictures: Flats at Canary Wharf’s Wood Wharf and Newfoundland neighbourhood open for registration today April 22, 2015 Fed up with your daily commute? Canary Wharf has a solution: it's just put 3,200 homes on sale, around the corner from its office development. Alright, so they're not actually built yet – but good things come to those who wait…. The flats are part of Canary Wharf's first expansion since the beginning of the [...]
Milifandom Twitter storm: What is it, who started, is it the new Cleggmania April 22, 2015 Ed Miliband has taken a lot of stick over the last five years for not being the most charismatic of political leaders. But the wonders of social media have allowed Ed's fans to amplify their voice and express their devotion without being spun by the gatekeepers of old media. Twitter has exploded with a host [...]
Milifandom Twitter storm: What is it, who started, is it the new Cleggmania TEST April 22, 2015 Ed Miliband has taken a lot of stick over the last five years for not being the most charismatic of political leaders. But the wonders of social media have allowed Ed's fans to amplify their voice and express their devotion without being spun by the gatekeepers of old media. Twitter has exploded with a host [...]