Tag Archives: Federal Reserve

Wall Street gained after Federal Reserve Chairman Ben Bernanke said there was no “preset course” for the central bank’s bond-buying program, while better-than-expected results from companies including Bank of America also underpinned the mood. “I emphasise that, because our asset purchases depend on economic and financial developments, they are by no means on a preset course,” Bernanke said today in …

Wall Street was mixed as minutes from the latest Federal Open Market Committee meeting showed policy makers were looking for further strength in the US labour market before easing the central bank’s bond-buying program. In late afternoon trading in New York, the Dow Jones Industrial Average fell 0.20 percent, while the Standard & Poor’s 500 Index declined 0.09 percent to …

Federal Reserve Chairman Ben Bernanke’s speech on Wednesday will be firmly on everyone’s radar for clues on the tapering of the central bank’s bond-buying program following the latest better-than-expected US employment report.) – Labor Department data showed on Friday that employers added 195,000 new jobs to their payrolls last month, comfortably beating expectations. The unemployment rate was steady at 7.6 …

The New Zealand dollar weakened as signs of an improvement in the US economy buoyed speculation the Federal Reserve will start tapering its asset purchases. The kiwi dropped to 77.45 US cents from 77.73 cents at the 5pm market close in Wellington yesterday. The local currency earlier this morning fell to 77.31 cents, the lowest level since Monday. The trade-weighted …

Wall Street gained as US Federal Reserve officials stepped up their backpedalling to reassure investors that the central bank’s bond-buying program is not about to disappear into the night. Federal Reserve Bank of New York President William Dudley reminded investors that the economic outlook, not the calendar, will dictate decisions on monetary policy, including the pace of asset purchases. “Economic …

The New Zealand dollar is little changed as investors weigh the impact of a possible reduction in the Federal Reserve’s monetary stimulus. The kiwi recently traded at 77.56 US cents, from 77.47 cents at 5pm in Wellington yesterday. The trade-weighted index slid to 73.08 from 73.21 yesterday. Traders are eyeing new data from the US for clues as to when …

Investors will focus on a slew of US economic data and speeches by Federal Reserve officials in the coming days, as nerves remain frayed by Ben Bernanke’s signal that the American central bank might pull back its stimulus sooner than expected. Wall Street calmed down by Friday, closing higher for the day, following losses the previous two days after Bernanke …

The New Zealand dollar fell to a 12-month low as the Federal Reserve’s signal of an end to quantitative easing, weak Chinese manufacturing and tighter credit sapped risk appetite and sent investors rushing to the greenback. The kiwi fell to 77.48 US cents, and earlier dropped to a 12-month low of 77.10 cents, from 78.54 cents yesterday. The trade-weighted index …

Stocks on both sides of the Atlantic sank after a report showing China’s manufacturing decreased at a faster rate in May and as investors digested Federal Reserve Chairman Ben Bernanke’s comments that the bank may soon begin paring its stimulus. Yesterday Bernanke said the Fed may downsize its US$85 billion-a-month bond-buying program later this year if the economy strengthens in …

Wall Street declined, as did US Treasuries, after Federal Reserve Chairman Ben Bernanke said the central bank may begin tapering its US$85 billion-a-month bond-buying program later this year if the economy strengthens in line with its expectations. Bernanke, who spoke at a press conference after a scheduled two-day meeting of the Federal Open Market Committee, also said the Fed might …