Tag Archives: Federal Reserve

The key focus in the coming days will be how the US Federal Reserve tweaks its monetary policy position, and what that means for the timing of an interest rate increase. Last week, the US dollar continued its ascent in anticipation of a lift in rates, rising to the highest level in 12 years against the euro and the highest …

Wall Street moved higher, pushing the Dow to a record high, while the US dollar also strengthened in anticipation of fresh stimulus from the European Central Bank on Thursday and a key American jobs report on Friday. The latest private payrolls data offered evidence on strength in the US labour market, bolstering optimism for Friday’s government report. Companies in the …

The Reserve Bank of Australia said its currency, near a 4 1/2-year low, remains over-valued and needs to decline further to assist the economy across the Tasman, which is growing at a moderate pace. The central bank kept its cash rate unchanged as expected at a record low 2.5 percent, where it has been since August 2013. Governor Glenn Stevens issued a statement …

Wall Street advanced as comments by a US Federal Reserve official suggested not all policy makers believe September should mark the start of easing the central bank’s bond-buying program. Atlanta Fed President Dennis Lockhart said the US economy has had an “uneven performance” and that he “would argue that recent data do not present a clear picture” about the potential …

The New Zealand dollar rose to its highest in almost two weeks as investors unwound bets the greenback would advance amid uncertainty about when the Federal Reserve will begin tapering monetary stimulus. The kiwi jumped to 80.17 US cents at 8am in Wellington, after earlier touching 80.46 cents, from 79.60 cents yesterday. The trade-weighted index increased to 75.27 from 74.90 …

Wall Street slipped from record highs amid comments by a US Federal Reserve official that the central bank should start tapering its bond-buying program next month. In late afternoon trading in New York, the Dow Jones Industrial Average fell 0.32 percent, the Standard & Poor’s 500 Index eased 0.20 percent and the Nasdaq Composite Index slipped 0.07 percent. Declines in …

Wall Street advanced as US Federal Reserve policy makers kept its US$85 billion a month bond-buying program intact as the economy continues to recover at a pace that requires ongoing stimulus. “The Committee sees the downside risks to the outlook for the economy and the labour market as having diminished since the fall,” policy makers said in a statement at …

Disappointing earnings hurt shares of companies including Occidental Petroleum, last down 3.3 percent, and Coach, last 8.3 percent weaker. There were positive earnings surprises too such as for Pfizer, helping lift its shares 0.68 percent. Overall Wall Street was mixed as Federal Reserve policy makers began a two-day meeting today, and investors are keen for fresh clues about the outlook …

Wall Street weakened as investors awaited more details from US Federal Reserve policy makers on paring back their bond buying at a two-day meeting starting tomorrow. In late afternoon trading in New York, the Dow Jones Industrial Average fell 0.15 percent, as declines in shares of Bank of America, last 1.3 percent weaker, and Chevron, last 1 percent lower, weighed …

The New Zealand dollar edged up in volatile trading after Federal Reserve chairman Ben Bernanke emphasised the central bank’s asset purchase programme could be reduced more quickly or expanded depending on economic conditions. The kiwi traded at 79 US cents from 78.70 cents at the 5pm market close in Wellington yesterday. The local currency traded between 78.39 US cents and …