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Fed set to keep rates at a record low today
5 hours ago ago from Tracy Davidson
WASHINGTON — Focused on keeping the recovery going and driving down double-digit unemployment, the Federal Reserve is poised to leave interest rates at a record low.Fed Chairman Ben Bernanke and his colleagues, at the end of their two-day meeting Wednesday afternoon, will likely strike an upbeat note about the progress the economy is making. But they'll also caution that now is not the time to be complacent against risks. Signs ...
Related contentTiming is Everything in Forex, Especially in this Environment - 1360th Edition
9 hours ago ago from Autopilot Forex Reviews
I just finished reading a Wall Street Journal piece ( Central Banks Rattle Markets ), which laid out, in fairly broad terms, how the activities of Central Banks have become the main fodder for forex traders, and how this trend will continue as the global economy looks to move beyond the credit crisis. The piece got me thinking about the importance of timing, when it comes to forex. Let's face it, timing is important when trading any ...
Related contentNorway Set to Be First European Country to Raise Rates Tomorrow
16 hours ago ago from Asx200's Blog - CFD.net.au
( CFD.net.au Contract for Difference, Share, Forex, ETFs, Commodities Traders ) By Josiane Kremer The Oslo-based bank will lift the overnight deposit rate by a quarter point to 1.5 percent, the first increase in more than a year, according to 19 out of 20 economists surveyed by Bloomberg. The other forecast an increase to 1.75 percent. The bank will announce its decision at 2 p.m. The world’s fifth-largest oil ...
Related contentDecember 15
7 hours ago ago from r.j.'s space - Windows Live
Lean Against the Credit Cycle Not Asset Prices - Adam Posen does not think monetary policy should respond to asset price bubbles by adjusting its policy interest rate. He likens this approach to a using a hammer to fix a leaky shower. Antonio Fatas weighs in and says not so fast; finding that right tool for the job can be elusive so in the meantime we should not shy from using the tools we have--imperfect as they are--in addressing asset ...
Related contentRates to stay at record lows: Fed |
2 hours ago ago from The Investing News Source for Financial Advisers - Proinvests.com News
T he U.S. Federal Reserve Board has decided to hold interest rates at a record low and pledged to keep them there for an extended period to keep the recovery going and drive down double-digit unemployment. But in a more upbeat assessment, the Fed says the economy has continued to pick up and that deterioration in the labour market is abating, a nod to the recent slowdown in the pace of layoffs. Despite some improvements, Fed ...
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Federal Reserve again leaves interest rates unchanged - FOXBusiness.com
22 minutes ago ago from FOX Business
Existing users please login User Name: Password: Remember me on this computer Home / Personal Finance Wednesday, December 16, 2009 Federal Reserve again leaves interest rates unchanged  By Jeremy M. Simon CreditCards.com  The Federal Reserve left ...
Related contentFed keeps key rate low amid sluggish economy
1 hour, 28 minutes ago ago from Media General - TBO.com
WASHINGTON - The Federal Reserve pledged today to hold interest rates at a record low to drive down double-digit unemployment and sustain the economic recovery. The Fed noted that the economy is growing, however slowly. And turning more upbeat, it pointed to a slowing pace of layoffs. Still, Fed Chairman Ben Bernanke and his colleagues gave no signal that they're considering raising rates anytime soon. They noted that consumer spending ...
Related contentSweden's Riksbank Holds Rates Steady
10 hours ago ago from Wall Street Journal
BY ANNA MOLIN STOCKHOLM -- Sweden's central bank Wednesday left its key policy rate unchanged and its forecast for future rate increases unchanged, but lifted projections for the Nordic country's economy next year amid further signs of stabilization. The Riksbank also didn't offer any new fixed-rate loans to banks as there's now plenty of liquidity in the financial system and a reduced need for extra support measures, Riksbank Governor ...
Related contentFed Says Economy Improving, Though Slowly
2 hours ago ago from The New York Times
WASHINGTON The Federal Reserve said on Wednesday that it was still wary of raising interest rates anytime soon because it believed the economy, though improving, remained tenuous. In a statement released after two days of meetings by the Federal Open Market Committee, the central bank said its benchmark overnight interest rate would remain at virtually zero, its level for the last year. The statement repeated the Fed's expectation that it ...
Related contentUpswing poses questions for Fed
17 hours ago ago from Washington Post - Business
When Federal Reserve policymakers finish their two-day meeting Wednesday afternoon, the big question hanging over them will be what an improving economy means for central bank policy. The Fed is almost certain to announce that it will leave its target interest rate near zero and keep that rate very low for an extended period, as has been its policy for the past year. The unemployment rate, after all, was 10 percent in November, and both Fed ...
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