Federal Reserve to pump more liquidity into US economy
September 14th, 2012 - 1:31 pm ICT by IANS
Washington, Sep 14 (IANS/EFE) The US Federal Reserve Thursday announced further steps to stimulate a struggling economy and pledged to keep short-term interest rates at near zero until 2015.At the ... Read more...
Posted in Business |
Wall Street rises on monetary easing hopes
June 20th, 2012 - 7:57 am ICT by IANS
New York, June 20 (IANS) US stocks closed higher Tuesday as investors' expectations of further monetary easing policy by the Federal Reserve boosted the market, while positive news from Europe ... Read more...
Posted in Business |
US Federal Reserve ready to act if Europe crisis worsens
June 8th, 2012 - 11:33 am ICT by IANS
Washington, June 8 (IANS/EFE) US Federal Reserve Chairman Ben Bernanke said Thursday his institution is ready to act if the European financial crisis worsens."As always, the Federal Reserve remains prepared ... Read more...
Posted in Business |
US Fed hints at new steps to boost recovery
April 26th, 2012 - 3:40 am ICT by IANS
Washington, April 26 (IANS) US Federal Reserve Chairman Ben Bernanke Wednesday exuded frustration with the slow labor market recovery and hinted that the central bank was poised to take further ... Read more...
Posted in Business |
US stocks pause in absence of big data
March 13th, 2012 - 7:52 am ICT by IANS
New York, March 13 (IANS) US stocks took a breather Monday, ending narrowly mixed, in the absence of key domestic economic data, Xinhua reported.The Dow Jones industrial average gained 37.69 ... Read more...
Posted in Business |
US forecasts slow economic growth in coming quarters
February 16th, 2012 - 1:37 pm ICT by IANS
Washington, Feb 16 (IANS) The US Federal Reserve Wednesday said it expected the US economy to continue expanding slowly in coming quarters, as it was weighed down by a ... Read more...
Posted in Business |
US Fed to keep interest rates low
January 26th, 2012 - 4:15 am ICT by IANS
Washington, Jan 26 (IANS) The US Federal Reserve plans to keep key interest rates exceptionally low at least through 2014.The US economy has been "expanding moderately", the Federal Open Market ... Read more...
Posted in Business |
US economy grew only 1.8 percent in Q3
December 23rd, 2011 - 11:52 am ICT by IANS
Washington, Dec 23 (IANS/EFE) The US economy grew at an annualized rate of 1.8 percent in the third quarter and not 2.5 percent as originally thought, the Commerce Department said ... Read more...
Posted in Business |
US economy to strengthen in near term: Federal Reserve
November 23rd, 2011 - 1:35 pm ICT by IANS
Washington, Nov 23 (IANS) The near-term projection for the pace of growth of the US economy was revised up due to the recent positive data on consumer spending and business ... Read more...
Posted in Business |
US labour market, economy remain weak: Fed
August 31st, 2011 - 5:26 am ICT by IANS
Washington, Aug 31 (IANS) The US Federal Reserve said Tuesday that the pace of the country's economic recovery remained slow in recent months, and the labour market conditions continued to ... Read more...
Posted in Business |
US stocks rebound from plunge
August 9th, 2011 - 11:06 pm ICT by IANS
New York, Aug 9 (IANS) US stocks rebounded Tuesday from a full-day selloff with three major indexes jumping over one percent, Xinhua reported.After a historic downgrade of US credit rating ... Read more...
Posted in Business |
US economy continues to be slow: Central bank
July 28th, 2011 - 11:47 am ICT by IANS
Washington, July 28 (IANS/EFE) The pace of economic growth slowed last month in eight of the 12 Federal Reserve Districts, the central bank said Wednesday."Reports from the twelve Federal Reserve ... Read more...
Posted in Business |
Wall Street rises on Dell earnings, commodity rally
May 19th, 2011 - 4:28 am ICT by IANS
New York, May 19 (IANS) US stocks gained strength Wednesday as traders were encouraged by Dell's strong earnings and a recovery in commodity prices.Market sentiment was bolstered after Dell reported ... Read more...
Posted in Business |
US Federal Reserve keeps the Interest Rates at a record low
September 23rd, 2010 - 12:03 am ICT by Aishwarya Bhatt
Sep 22 (THAINDIAN NEWS) The United States Federal Reserve has decided to keep the country’s short term interest rate low after a meeting on Tuesday.The Open Market Committee met on Tuesday to ... Read more...
Posted in Business |
Federal Banks Stagnate Rates To Energize Economy
April 29th, 2010 - 7:21 pm ICT by GD
By Madhuri Dey
New York, Apr 29, (THAINDIAN NEWS) The Federal Reserve Banks of the United States commented on Wednesday that the economy of the country is indeed picking up pace, and that ... Read more...
Posted in Business |
US central bank sees economic recovery in coming months
September 3rd, 2009 - 3:48 am ICT by IANS
Washington, Sep 3 (DPA) The US Federal Reserve sees an end to the economic crisis in the second half of the year even as problems are expected to remain on the ... Read more...
Posted in Business |
US Fed sees recovery as interest rates kept at 0 percent (Lead)
August 13th, 2009 - 5:11 am ICT by IANS
Washington, Aug 13 (DPA) The US Federal Reserve kept interest rates at near 0 percent Wednesday and showed no signs of changing course as it said the US may be emerging from ... Read more...
Posted in Business |
Wall Street drops on Fed economic projections
May 21st, 2009 - 6:03 am ICT by IANS
New York, May 21 (DPA) Stocks fell on Wall Street in the last hour of trading as the Federal Reserve issued dreary economic projections for the rest of the year.
The Federal Open ... Read more...
Posted in Business |
US central bank predicts deeper downturn
May 21st, 2009 - 6:00 am ICT by IANS
Washington, May 21 (DPA) Contradicting optimistic remarks out of the White House earlier Wednesday, US Federal Reserve officials released a gloomy projection for the rest of the year.
The Federal Open Market ... Read more...
Posted in Business |
Fed buys $1 trillion of Treasury, mortgage assets
March 19th, 2009 - 4:47 am ICT by IANS
Washington, March 19 (DPA) The US Federal Reserve, in a drastic new effort to keep the US financial sector afloat, said Wednesday it would buy up more than $1 trillion in ... Read more...
Posted in Business |
US economy faces ‘unusually prolonged’ recovery
February 19th, 2009 - 10:03 am ICT by IANS
Washington, Feb 19 (IANS) The United States' economy would face an "unusually gradual and prolonged" period of recovery as it struggles to climb out of a deep global downturn, the US central ... Read more...
Posted in Uncategorized |
US Fed keeps key interest rate unchanged
January 29th, 2009 - 4:04 am ICT by IANS
Washington, Jan 29 (Xinhua) The US Federal Reserve Wednesday decided to keep a key interest rate unchanged at 0-0.25 percent, and also vowed to use all tools to save the sagging economy.The ... Read more...
Posted in Business |
US Fed slashes interest rates to record low (Lead)
December 17th, 2008 - 3:46 am ICT by IANS
Washington, Dec 17 (DPA) The US Federal Reserve Tuesday slashed interest rates to an unprecedented "target range" of 0 to 0.25 percent - an historic low for the US and part ... Read more...
Posted in World |
US Federal reserve considers rate cut as inflation falls sharply
December 17th, 2008 - 1:02 am ICT by IANS
Washington, Dec 16 (DPA) The US Federal Reserve was expected to slash interest rates by another half-point Tuesday to an historic low of 0.5 percent in an effort to keep the world's ... Read more...
Posted in World |
India’s Sensex down 322 points on dismal global cues (Roundup)
November 20th, 2008 - 7:40 pm ICT by IANS
Mumbai, Nov 20 (IANS) Indian equities markets ended deep in the red once again Thursday, with a key index dipping by more than 322 points to finish below the 8,500 mark on ... Read more...
Posted in Business |
Equity markets start recovery after free fall (Third Lead)
September 15th, 2008 - 3:52 pm ICT by IANS
Mumbai, Sep 15 (IANS) After panic selling throughout Monday morning, Indian equity markets began to recover early afternoon with "bottom fishing" or buying at the bottom by institutional investors.At around 1.30 p.m., ... Read more...
Posted in Business |
US Federal reserve leaves interest rates unchanged
August 6th, 2008 - 2:27 am ICT by IANS
DPA
Washington, Aug 6 (DPA) The US Federal Reserve left interest rates unchanged Tuesday as it battles with the duelling concerns of inflation and sluggish growth in the US. The US central bank ... Read more...
Posted in World |
US stocks rise as Fed halts interest rate cuts
June 26th, 2008 - 6:59 am ICT by IANS
DPA
New York, June 26 (DPA) Major US stock-market indices closed higher Wednesday after the Federal Reserve kept interest rates steady and sounded more positive on US economic growth. The US central bank ... Read more...
Posted in Business |
US Federal Reserve keeps interest rates steady
June 26th, 2008 - 4:11 am ICT by IANS
DPA
Washington, June 26 (DPA) The US Federal Reserve Wednesday halted a string of dramatic interest rate cuts designed to boost a sagging US economy, keeping its benchmark rate steady at two percent. ... Read more...
Posted in World |
US stocks drop on Fed forecast, record oil prices
May 22nd, 2008 - 5:54 am ICT by admin
DPA
New York, May 22 (DPA) US stocks fell sharply Wednesday after the Federal Reserve cut its 2008 growth forecast but suggested it had finished slashing interest rates for the time being, while ... Read more...
Posted in Business |
US Federal Reserve sharply cuts growth forecast
May 22nd, 2008 - 4:57 am ICT by admin
DPA
Washington, May 22 (DPA) The US Federal Reserve Wednesday sharply cut its growth forecast for 2008 but suggested it may halt a string of drastic rate cuts aimed at boosting the sagging ... Read more...
Posted in World |
US Federal reserve cuts key rate by 0.25 percent
May 1st, 2008 - 3:43 am ICT by admin
DPA
Washington, May 1 (DPA) The US Federal Reserve slashed its benchmark interest rate by 0.25 percentage points Wednesday to two percent, the lowest level since November 2004, amid continuing concerns of an ... Read more...
Posted in Business |
Market surges 500 points in early trade
March 19th, 2008 - 12:43 pm ICT by admin
Mumbai, March 19 (IANS) The Indian equities market opened with a big upward surge Wednesday, piggybacking on the rally in the US markets as America's Federal Open Market committee cut the fed ... Read more...
Posted in Business |
US Federal Reserve slashes interest rates to shore up US economy
March 19th, 2008 - 4:25 am ICT by admin
(Lead)
DPA
Washington, March 19 (DPA) The US Federal Reserve cut its benchmark interest rate by 0.75 points to 2.25 percent Tuesday, the latest of a series of dramatic attempts to boost the sagging ... Read more...
Posted in Business |