US Fed’s Bullard says inflation is still on the low side September 20, 2013 The Fed's James Bullard has warned that the Federal Reserve's focus has shifted too much towards jobs and away from inflation. Bullard reminded viewers of Bloomberg that the Fed has a dual mandate, and must consider both jobs and inflation. He said that inflation is still low. The Fed's man said that labour force participation [...]
Before the open: markets slower following Fed decision on tapering September 20, 2013 European markets are set to open muted this morning, given the marginally weaker finish in the US, following the Fed's decision not to taper, and record high for the Dax earlier in the week. It was a similar story for Asian markets which were subdued, following Wednesday's announcement. Following a slightly rough time against the [...]
Fed caution gets undermined by strong US data September 19, 2013 BEN Bernanke’s surprise decision not to dial down the Federal Reserve’s money printing, which he justified on Wednesday by pointing to an uncertain US economy, was embarrassed by a sheaf of positive economic news revealed yesterday. The Federal Open Market Committee announced on Wednesday that it would “await more evidence that progress will be sustained” [...]
Analyst Views: What did you make of the Federal Reserve’s decision not to taper its quantitative easing programme? September 19, 2013 LIZ ANN SONDERS | CHARLES SCHWABWhat we now face is a lingering uncertainty regarding the timing of tapering; which means the sharp rally induced by the announcement could run into trouble. I remain very optimistic about the stock market; but the hope that this was going to be the lifting of one of many uncertainties [...]
London Report: Fed pledge lifts FTSE as mining shares tick up September 19, 2013 BRITAIN’S top share index climbed on yesterday, with the US Federal Reserve’s decision to delay a reduction in its monetary stimulus boosting investors’ appetite for risk-sensitive sectors such as miners. The FTSE 100 index tracked a rally in global equities after the Fed surprised markets on Wednesday night by saying it wanted to wait for [...]
New York Report: Wall St pauses as Fed-driven rally peters out September 19, 2013 US stocks retreated slightly yesterday as investors paused after the Federal Reserve’s decision to keep its stimulus intact sparked a rally that lifted the Dow and S&P 500 to record highs. Major US stock indexes oscillated between modest gains and losses on the heels of Wednesday’s rally, with the S&P showing a swing of less [...]
The Fed’s taper surprise highlights a wider problem with monetary policy September 19, 2013 THE US Federal Reserve’s surprise decision not to scale back its stimulus programme on Wednesday night should not perhaps have been so unexpected. Back in 2010, in those early days of quantitative easing by the US Federal Reserve and the Bank of England, I suggested that both institutions would be tempted to make sure the [...]
Letters to the editor – 20/09 – Clegg’s tax coup, China’s promise, Best of Twitter September 19, 2013 Clegg’s tax coup [Re: Tories can match Clegg’s income tax coup without punishing middle classess, Wednesday] Dominic Raab makes sense as always, but he’s not in government and his party is still unlikely to win the next election. While it may be cheering to imagine the Conservatives can win the vote on the back of [...]
A right royal mess of a biopic September 19, 2013 FILM DIANA Cert 12a | By Daniel O’Mahony One star OLIVER Hirschbiegel’s film is an excruciating, tacky attempt to tell the story of the last two years of Diana, Princess of Wales’ life, starring Naomi Watts as the press-hounded princess. It revolves around her love affair with heart surgeon Hasnat Khan (Naveen Andrews) and the [...]
Stenson makes storming start September 19, 2013 GOLF: Sweden’s Henrik Stenson is in pole position to win the FedEx Cup, following a six under par round on the first day of the Tour Championship in Atlanta. Stenson pinched the outright lead from Masters champion Adam Scott with a birdie at the last. England’s Justin Rose is tied sixth on two under par, [...]