Tag: US Federal Reserve

Why You Yellen?!

19 November 2013




¬† ¬† ¬† ¬† ¬† “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.: 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‚Äôs gains, as¬†Intel Corp. (INTC)slumped after cutting its sales forecast and investors awaited the Federal Reserve‚Äôs¬†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…

In the U.S.: Jobless claims post biggest fall since April

5 July 2012

Markets still somewhat flat even with substantial drops in jobless claims, as Euro fears persist.

The number of Americans filing new claims for unemployment benefits last week fell by the most in two months, government data showed on Thursday, a hopeful sign for the struggling labor market. Read more…

In the U.S.: Recovery risks may stir Fed to action

20 June 2012

Will the Fed’s arms be ‘Twist’-ed again? Greek elections not providing much comfort.

With economic storm clouds gathering abroad and signs the U.S. recovery is flagging, the Federal Reserve may feel compelled on Wednesday to launch a new round of monetary stimulus. Read more…