Search Results for: Fed
Tame U.S. inflation supports Fed’s cautious rate policy
April 15th, 2016
U.S. consumer prices barely rose in March and underlying inflation slowed, suggesting little urgency for a cautious Federal Reserve to raise interest rates in the near term. The benign inflation backdrop is prevailing despite tightening labor market conditions, underscored ...
Dollar hits 17-month low vs. yen, dented by Fed’s cautious stance
April 7th, 2016
The dollar slid to a 17-month low against the yen on Thursday, pressured by minutes of the U.S. Federal Reserve’s meeting last month that underscored caution about future interest rate hikes. The dollar fell to 109.10 yen at one ...
FED survey provides information on mobile financial services
March 31st, 2016
Mobile banking use continued to rise last year as smartphone adoption grew and consumers were increasingly drawn to the convenience of mobile financial services, according to a Federal Reserve Board report,Consumers and Mobile Financial Services 2016, released on Wednesday. The ...
YELLEN: The Fed is in no rush to raise rates
March 30th, 2016
Federal Reserve Chair Janet Yellen reiterated on Tuesday that interest rates would rise slowly. Yellen was speaking at the Economic Club of New York. In her prepared remarkspublished before the speech Tuesday, Yellen said raising rates with caution was “especially ...
Asia markets slip amid Fed concerns, oil fall
March 24th, 2016
Asia markets ended lower Thursday, amid fresh declines in oil prices and concerns the U.S. Federal Reserve may hike interest rates sooner than expected. Japan’s Nikkei 225 ended down 108.65 points, or 0.64 percent, at 16,892.33, while South Korea’s Kospi index fell 9.15 ...
Bangladesh Bank eyes NY Fed lawsuit after cyber theft
March 23rd, 2016
Bangladesh Bank (BB) – the country’s central bank- is considering filing a lawsuit against the Federal Reserve Bank of New York after cyber hackers stole $81m (£57m) from its account. BB has hired a US lawyer, but has not ...
Ex-Goldman Sachs Banker Bansal Gets Probation Over Fed Leak
March 23rd, 2016
Bansal pleaded guilty to getting documents from friend at Fed Prosecutors had sought a sentence of as long as a year An ex-Goldman Sachs Group Inc. banker who got a former colleague to steal documents from the Federal Reserve ...
Federal Reserve issues FOMC statement
March 17th, 2016
Information received since the Federal Open Market Committee met in January suggests that economic activity has been expanding at a moderate pace despite the global economic and financial developments of recent months. Household spending has been increasing at a ...
Asia markets mostly up on Fed, Nikkei falls on stronger yen
March 17th, 2016
Most Asian markets advanced Thursday as investors cheered new clarity from the Federal Reserve and a rise in oil prices, but Japan shares lost ground as the yen strengthened. The Fed left rates unchanged at between 0.25 percent and 0.5 percent ...
Asian Stocks Fall as Dollar Strengthens Before Fed; Oil Rebounds
March 16th, 2016
Yen weakens as Kuroda says negative rate can be cut further Crude climbs toward $37 a barrel before U.S. investories data Asian stocks fell and the dollar strengthened against most major currencies before a Federal Reserve policy review on ...
