In his testimony before the US House of Representatives' Financial Services Committee-his first public speaking engagement as the new US Federal Reserve
chair, Jerome Powell expressed confidence that 'good years' were ahead for he US economy, boosting expectations that there would be no less than four rate increases this year.
It is expected that monthly payments on credit cards, adjustable-rate mortgages and home equity lines may go upward and sustains the trend as the US Federal Reserve
maintained its forecast for three hikes next year.
The bank, which last week lowered its 2017 inflation target, said in a statement that it left the rate, unchanged due to uncertainty over future policy decisions by the US Federal Reserve
and the European Central Bank.
Low interest rates from the US Federal Reserve
encouraged oil industry boom and bust; investment losses eventually outweighing price benefits for consumers
Consequently, the banks did not quickly increase the interest rates of their dollar savings schemes after the US Federal Reserve
raised the dollar's interest rate," he said
Taiwan stocks declined on Friday, slightly trailing other regional markets, after the US Federal Reserve
kept its key policy rate unchanged.
Last summer, the US Federal Reserve
(Fed) requested that the state-run Ziraat Bankasy provide a detailed audit revealing whether or not the bank had conducted illegal money transfers from firms blacklisted by the US to countries such as Iran and Sudan, in violation of US sanctions.
Government has taken note of the statement issued by the US Federal Reserve
on the 'taper'.
Summary: TEHRAN (FNA)- US Federal Reserve
reported a major deposit withdrawal from the nation's bank accounts.
For the last two years or so, the US Federal Reserve
has been debating how long it will keep interest rates effectively at zero.
ROYAL Bank of Scotland and Barclays received pounds 88billion in secret low-interest loans from the US Federal Reserve
The US Federal Reserve
Board said in a statement today it had cleared Bank of Montreal (TSE:BMO) to take over US financial services company Marshall & Ilsley (NYSE:MI), or M&I, for USD4.
Summary: Washington, July 14, 2010, SPA -- The US Federal Reserve
today lowered slightly its forecasts for economic growth in the coming year, reflecting the United States&' sluggish recovery from recession, according to dpa.
THE US Federal Reserve
slashed its key interest rate from 1% to a range of between zero and 0.
Summary: Expectations for US Federal Reserve
interest rate hikes previously led to sharp US dollar rallies, but a clear deterioration in Fed rate forecasts has.