Page 20 - Federal Reserve
Fed officials split in July on whether rate hike needed soon
Federal Reserve officials were divided in July over the urgency to raise interest rates again, with some preferring to wait because inflation remained benign and others wanting to go soon as the labor market nears full employment."Several suggested that the committee would likely have ample time to react if inflation rose more quickly than they currently anticipated, and they preferred to defer another increase in the federal funds rate until they were more confident that inflation was moving closer to 2 per cent on a sustained basis," according to the minutes of the central bank's July 26-27 policy meeting released in Washington on Wednesday."Some other participants viewed recent economic developments as indicating that labor market conditions were at or close to those consistent with maximum employment and expected that the recent progress in reaching the committee's inflation objective would continue, even with further steps to gradually remove monetary policy accommodation," the mi
Weak retail sales, tame inflation dim prospect of Fed rate hike
On Thursday, Macy's said it would close an additional 100 stores as it tries to turn around its business after six quarters of falling sales
 "Weak retail sales, tame inflation dim prospect of Fed rate hike")
Fed leaves interest rates unchanged, signals two hikes this year
Lowers economic growth forecasts for 2016; expects US job market to strengthen after a recent slowdown
 "Fed leaves interest rates unchanged, signals two hikes this year")
Fed keen on June rate hike
It remains far from certain, however, that the Fed will move at its meeting on June 14 and 15
Global Economy Weekahead: China trade may sway Fed's rate decision
A run of Chinese data is expected to show activity moderated in April after a strong showing in March
 "Global Economy Weekahead: China trade may sway Fed's rate decision")
Tame US inflation bolsters Fed caution on rate hikes
The data suggest that the economy will probably not rebound strongly in the second quarter after growth slowed to a crawl in the first three months of the year
 "Tame US inflation bolsters Fed caution on rate hikes")
Either ways, India to benefit from global central banks' moves
There will be a lot of volatility and there may be sharp reversal in direction as well
Fed debated April rate hike but caution reigned due to global fears: minutes
Participants expressed a view that the global economic and financial situation still posed appreciable downside risks
Global stocks dip, dollar strengthens on Fed talk
The currency fell last week when Fed policymakers revised down the interest rates.
 "Global stocks dip, dollar strengthens on Fed talk")
Fed's dovish stance supports metals and crude oil
Trend to continue in near term on dollar's weakness
 "Fed's dovish stance supports metals and crude oil")
Wall Street closes at 2016 high as Fed signals fewer rate hikes
Eight of the 10 major S&P sectors closed higher
 "Wall Street closes at 2016 high as Fed signals fewer rate hikes")
Stocks and dollar hold breath for Fed, oil bounces
US crude gained 53 cents to $36.87 a barrel, while Brent rose 39 cents to $39.13
 "Stocks and dollar hold breath for Fed, oil bounces")
Fed to sit tight on rates at March meet, hint at hikes to come
June seems certainly like a possibility for the Fed's next rate hike, said former Minneapolis Fed President
Fed Reserve proposes new rule capping business between banks
The Dodd-Frank financial overhaul required the Fed to write the proposed rule on the cap, known as the single counterparty credit limit
 "Fed Reserve proposes new rule capping business between banks")
New tremors in finance rattle foundation of post-crisis laws
The gradualism of the current overhaul has a steely edge that the banks and their lobbyists have not been able to resist
