Tag: Fed

Tic Toc Tic Toc

24 March 2015

Ears perched and investor eyes glued on Yellen globally! Oh so much concentration on a single word! After a two-day meeting, the Federal Reserve removed the word “patient” from its monetary-policy statement. Why the hullabaloo over this single word?
Read more…

Yellen Transition – A Smooth Ride?

18 February 2014

Janet Yellen, Chairperson of the Federal Reserve

Janet Yellen, Chairperson of the Federal Reserve

This week we take a brief look at the market just a few days into Janet Yellen’s term as chairwoman of the Federal Reserve – they have not gone unnoticed by any means. The stock jocks were certainly happy (S&P chart below) after her testimony at the House Financial Services Committee, but before I go further into the market’s reaction, let’s look at some of her major talking points: Read more…

Why You Yellen?!

19 November 2013

 

Businessinsider.com.au

Businessinsider.com.au

          “I do not see the program as continuing indefinitely,” Yellen said. “We … are attempting to assess whether or not we have seen meaningful progress in the labour market. And what the (Fed’s policy) committee is looking for is signs we will have growth that is strong enough to promote continued progress.”

Yellen said she did not believe that U.S. stocks or the housing market were in bubble territory, and assured the panel that the central bank would focus intently to spot any risky investment behaviour before financial stability was compromised. (Reuters) Read more…

In the U.S.: Jobless claims fall last week, but trend weak

20 September 2012

Job numbers excite very few, economy “still in a period of slow growth.”

The number of Americans filing new claims for jobless benefits held near two-month highs last week, suggesting some weakening in labor market conditions. Read more…

In the U.S.: Stock futures up on hope for central bank action

7 August 2012

ECB stimulus hopes set to boost markets for yet another day running.

Stock index futures edged higher on Tuesday, pointing to a third straight day of gains on Wall Street, bolstered by expectations the European Central Bank will act soon to contain the bloc’s credit crisis. Read more…

In the U.S.: Inflation-adjusted consumer spending falls in June

31 July 2012

There seems to be no improvement on Q1 of 2012 as “consumer spending lost momentum.”

Spending by American consumers fell in June for the first time in nearly a year when accounting for inflation, suggesting the economy lost momentum as it ended the second quarter. Read more…

In the U.S.: Stock futures edge lower after two-day run; Fed, ECB eyed

30 July 2012

The good news had to run out some time. “Market is hesitating, waiting for additional positive news.”

Stock index futures dipped on Monday, indicating the S&P 500 may give back some gains from the prior two sessions that pushed the benchmark index to its highest close since May 3. Read more…

In the U.S.: U.S. Stock Futures Fall Before Federal Reserve Beige Book

18 July 2012

Bernanke’s testimony to be focal point of today’s trading activity, as investors hope for more easing.

U.S. stock futures fell, signaling the market may pare yesterday’s gains, as Intel Corp. (INTC)slumped after cutting its sales forecast and investors awaited the Federal Reserve’s Beige Book survey of business conditions. Read more…

In Europe: European shares edge lower awaiting Fed clues

17 July 2012

“It is like driving a car on fumes”…How far can Europe go with what’s left in the tank?

European equities trod water on Tuesday as investors awaited testimony from Fed chief Ben Bernanke they hope will point to further stock-boosting monetary stimulus as waning global growth weighs on the outlook for company earnings. Read more…

In the U.S.: Fed knew of Libor issue in 2007-08, proposed reforms

10 July 2012

What recourse is there when central banks fail to act quickly enough (or at all)?

The Federal Reserve Bank of New York may have known as early as August 2007 that the setting of global benchmark interest rates was flawed. Following an inquiry with British banking group Barclays Plc in the spring of 2008, it shared proposals for reform of the system with British authorities. Read more…

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