Tag: Federal Reserve

US exports surge, Obama unveils jobs plan

US exports surge, Obama unveils jobs plan

The Commerce Department has revealed US exports hit an all-time high in July, while imports fell. According to official figures, exports surged 3.8% to $178 billion (£111 billion) after two months of declines. The rise in exports was attributed to strong overseas sales of manufactured goods, particularly to countries in Central and South America. Meanwhile, [...]

September 9, 2011 | 0 Comments More
Fed: US economy remains sluggish

Fed: US economy remains sluggish

The latest Beige Book report, published by the Federal Reserve today, has revealed widespread signs that US economic growth continues to slow. The Fed said: “Economic activity continued to expand at a modest pace, though some districts noted mixed or weakening activity.” The economic recovery of the US remains sluggish in the face of higher [...]

September 8, 2011 | 0 Comments More
US inflation up on higher tobacco prices

US inflation up on higher tobacco prices

Figures from the US Labor Department have revealed US wholesale price inflation rose last month on the back of rising tobacco and light motor truck prices. According to the Labor Department, the cost of finished goods rose 0.2% in July, with fresh fruit, beef and veal all attributing to pushing up the rate of inflation. [...]

August 17, 2011 | 0 Comments More
US Fed keeps interest rates on hold

US Fed keeps interest rates on hold

The Federal Reserve’s policy-setting arm, the Federal Open Market Committee (FOMC), elected to keep interest rates on hold between 0% and 0.25% yesterday. Rates have been at the record low since December 2008 and the Fed has announced it will hold rates at this historic low until 2013 – suggesting the central bank is concerned [...]

August 10, 2011 | 0 Comments More
Weak housing market and unemployment drag on US economy

Weak housing market and unemployment drag on US economy

The latest Beige Book report, published by the Federal Reserve, has revealed widespread signs that US economic growth is slowing. The Fed said: “Economic activity continued to grow; however, the pace has moderated in many districts.” The economic recovery of the US remains sluggish in the face of higher unemployment and a depressed housing market, [...]

July 28, 2011 | 0 Comments More
US Fed keeps interest rate at record low

US Fed keeps interest rate at record low

The Federal Reserve yesterday opted to keep interest rates at the record low of between 0% and 0.25% and hinted that they will stay this way for the medium-term. US interest rates have now been at this rate since December 2008 in an effort to stimulate economic growth. The US central bank also lowered its [...]

June 23, 2011 | 0 Comments More
US Fed provides economic assessment

US Fed provides economic assessment

Ben Bernanke, chairman of US central bank, the Federal Reserve, said he expects economic growth to be between 3.1% and 3.3% for the 2011 year - lower than a previous forecast of 3.4% to 3.9%. Mr Bernanke said the reduced growth was the result of lower defence spending, slower exports and bad weather. At a [...]

April 28, 2011 | 0 Comments More
US inflation rises in February

US inflation rises in February

The Labor Department has today revealed US prices rose by 2.1% on an annual basis in February - up from 1.6% in January. On a monthly basis, prices rose by 0.5% – the fastest rise since June 2009, driven by higher oil and food costs. Food costs rose by 0.6% month-on-month, the most in two-and-a-half [...]

March 17, 2011 | 0 Comments More
US Fed keeps interest rates on hold

US Fed keeps interest rates on hold

The Federal Reserve’s policy-setting arm, the Federal Open Market Committee (FOMC), elected to keep interest rates on hold between 0% and 0.25% yesterday – a move which was widely expected. Interest rates have been held at this historic low for two years. In a statement, the central bank said that the economic recovery is on [...]

March 16, 2011 | 0 Comments More
US Fed warns of surging oil prices

US Fed warns of surging oil prices

Federal Reserve chairman, Ben Bernanke, has warned that a prolonged rise in oil prices would pose a danger to economic growth in the US. Speaking to the Senate Banking Committee, Mr Bernanke’s comments come after Brent crude hit $119 a barrel – a two-and-a half-year high. There have also been fears about the impact on [...]

March 2, 2011 | 0 Comments More
Fed Chairman comments on unemployment and deficit

Fed Chairman comments on unemployment and deficit

Federal Reserve chairman Ben Bernanke has warned that stubbornly high unemployment will remain. Mr Bernanke said the weak labour market means a recovery is not yet “truly established.” His comments come despite the drop in the US unemployment rate last month. Last week, the Labor Department reported the unemployment rate in the US fell from [...]

February 9, 2011 | 0 Comments More
US Fed to proceed with QE2

US Fed to proceed with QE2

Minutes from the December 14 policy meeting have revealed that US central bank, the Federal Reserve, will press ahead with its $600 billion (£385 billion) stimulus programme. The fresh round of stimulus comes despite improvements in the world’s largest economy, the minutes revealed. Many economists suggested that the strengthening recovery would result in the Fed [...]

January 5, 2011 | 1 Comment More
US industrial production up, consumer prices flat

US industrial production up, consumer prices flat

US industrial production recovered in November - rising by 0.4% after a 0.2% contraction in October. The result beat expectations of a forecast of 0.3% and represented the biggest gain since July. Meanwhile, the Labor Department today revealed consumer prices slowed in November. The Consumer Price Index edged up 0.1% - slightly below the forecast [...]

December 15, 2010 | 0 Comments More
US Fed keeps interest rates on hold

US Fed keeps interest rates on hold

The Federal Reserve’s policy-setting arm, the FOMC, elected to keep interest rates on hold between 0% and 0.25% - a move which was widely expected. The Federal Open Market Committee also reaffirmed its commitment to buy $600 million in Government bonds - a policy which was branded “QE2“ (quantitative easing) and designed to boost the [...]

December 15, 2010 | 0 Comments More
No changes expected from Federal Reserve

No changes expected from Federal Reserve

The Federal Reserve’s policy-setting arm, the FOMC, is scheduled to announce its decision on monetary policy today, with economists expecting no change in interest rates or to its quantitative easing programme. Last month, the Federal Open Market Committee, opted to restart its stimulus programme. The measures, introduced to stimulate the economic recovery, saw the central [...]

December 14, 2010 | 0 Comments More
US Fed unveils November minutes

US Fed unveils November minutes

November 24, 2010 | 0 Comments More
US inflation rate raises concerns

US inflation rate raises concerns

The core measure of inflation in the US slowed further last month, posting a 0.6% annual rise - the lowest year-on-year gain on record and way below the Federal Reserve’s target of about 2%. Core prices, which exclude food and energy costs, have now remained flat for three consecutive months, the Labor Department said today. [...]

November 17, 2010 | 0 Comments More
US jobs data better than expected

US jobs data better than expected

The Labor Department has revealed the world’s largest economy added 151,000 new jobs last month. The news was gratefully received after concerns of a sluggish recovery, which led the Federal Reserve to introduce a fresh round of stimulus this week. However, the latest figures means the unemployment rate continues to hold steady at 9.6% - [...]

November 5, 2010 | 0 Comments More
Bank of Japan keeps interest rates at record low

Bank of Japan keeps interest rates at record low

The Bank of Japan (BoJ) has today left interest rates at almost zero, in a bid to boost the economy and continue its battle deflation. The move follows its surprise decision last month to cut interest rates to this level. The Japanese recovery has been faltering of late and exports, a crucial driver for economic [...]

November 5, 2010 | 0 Comments More
Euro zone interest rates remain on hold

Euro zone interest rates remain on hold

The European Central Bank (ECB) today elected to keep interest rates on hold at the historic low of 1% – where they have been since May 2009. Interest rates are expected to remain on hold until at least 2011, as a result of uneven growth and low inflation. The news comes after the Bank of [...]

November 4, 2010 | 0 Comments More