• home
  • about us
  • write for us
  • terms and conditions
  • privacy policy
  • site map
  • contact us
facebook
rss
tumblr
twitter
google_plus
pinterest
Celebrity Cafe
entertainment, headline, celebrity, world news
Newsletter
  • Celebrity News
  • Celebrity News
  • Gossips
  • Celeb A-Z
  • Events
  • Hollywood
  • Style & Beauty
  • Movies
  • Music
  • SHOWBIZ
  • Relationships
  • More
    • US News
    • World News
    • Business
    • Celebrity Insider
    • Technology
    • Science
    • Sports
    • Health

‘Uncertainty remains on when the Fed will move’

Posted On Sep 21 2015
By : Brain Carroll
Comment: Off
Tag: China, Economy, global, growth, Inflation, interest rates, investors, Market, percent, policy, prices, raise, rate hike, stock, the Fed, volatility

However, the central bank maintained its bias towards a rate hike sometime this year, while lowering its long-term outlook for the economy.

Gold also competes more easily with interest-yielding assets, like Treasurys, when rates are pinned near zero.

However, her multiple references to China and the Fed’s inaction speak louder than any efforts she makes to soothe markets.

Saying that inflation isn’t growing as desired and that the global markets are too unstable, the Federal Open Market Committee (FOMC) on Thursday announced that it would not be raising short-term interest rates any time soon. “Heightened concerns about growth in China and other emerging market economies have led to notable volatility in financial markets”.

In its accompanying policy statement, the Fed said it was anxious that “recent global economic and financial developments may restrain economic activity somewhat”.

The Fed’s key rate has been near zero since the depths of the recession in late 2008.

But trade-reliant Asian economies are likely to remain under pressure as China’s economy slows. Fed funds futures signal the rate moving to 0.23 percent by year-end. The Dow Jones industrial average ended down 65 points, or 0.4 percent. But Hatzius notes that if the Fed schedules an impromptu press conference, everyone would conclude that it is raising rates.

Instead, the Fed retained language it has been using that it will be appropriate to raise interest rates when it sees “some further improvement in the labor market” and is “reasonably confident” that inflation will move back to the Fed’s optimal inflation target of 2 percent.

Both the World Bank and the worldwide Monetary Fund have urged the Fed to be cautious as it begins tightening the reins on credit.

The median projection of the 17 policymakers showed the Fed expects the economy to grow 2.1 percent this year, slightly faster than previously thought.

Another possible explanation for the stock selloff today: investors were split on what the Fed was going to do. The Fed has a mandate to stabilize price levels, which it has defined as 2 percent annual inflation.

Crude oil prices fell sharply as speculators took profits ahead of the week-end and after a strong, almost 6% gain on Wednesday, following an unexpected drawdown in inventories.

The Treasury market rallied, with prices rising and yields dropping across all maturities; yields ended the week with their largest two-day drop since October previous year , with the 10-year yield pressured by 9 bps to a two-week low of 2.13%.

I want to emphasise domestic developments have been strong' Janet Yellen said

    Previous Story

    Pope Francis Meets with Fidel Castro on Second Day of Cuba Visit

    Next Story

    Emilio Izaguirre scores twice as Celtic crush Dundee at Parkhead

    Related Posts

    off

    $A nears 74 U.S. cents

    Posted On Oct 13 2015
    , By David Lee
    off

    Malaysia ringgit up more than 3 pct to near 2-month high

    Posted On Oct 10 2015
    , By David Lee
    off

    United States stocks rise despite Alcoa slide

    Posted On Oct 09 2015
    , By Dave Harris
    off

    Senate to vote on massive defense bill

    Posted On Oct 07 2015
    , By Dave Harris

    Advertisement




    Follow us

    Newsletter Subscription

    Stay informed about the latest celebrity, entertainment news and subscribe to our newsletter.
    CelebCafe on Pinterest

    RECENT

    POPULAR

    COMMENTS

    3 Celebrity Homes to Match Your Home With

    Posted On Oct 31 2018

    3 Kinds of Clothing You Can Repurpose for Fall

    Posted On Oct 27 2018

    Partnering to Raise Money and Help Save Lives

    Posted On Oct 15 2018

    Nina Dobrev Dissed Nikki Reed Saying She Does Not Deserve Ian Somerhalder

    Posted On Feb 01 2015

    Kristen Stewart Is the Cover Girl of ELLE September Issue

    Posted On Aug 10 2014

    Justin Bieber Is Planning To Dress like Selena Gomez This Halloween

    Posted On Oct 28 2014

    My mobile phone Samsung Galaxy 2...

    Posted On Jan 14 2017

    She looks like she is just coming off a...

    Posted On Nov 17 2016

    to the chris wallace of fox news there...

    Posted On Jul 22 2016

    Tags

    Apple attack border Chelsea China Chinese Clinton company country debate Democratic Donald Trump England first forces Friday killed Match Monday Obama people percent player Police Premier League president Presidential prices Republican Russian season second start State Support Syria Syrian talks three Trump Tuesday United United States world Years

    Pages

    • about us
    • Celebrity and Entertainment News
    • contact us
    • privacy policy
    • site map
    • terms and conditions
    • write for us

    Categories

    • Business
    • Celeb A-Z
    • Celebrity News
    • Events
    • Gossips
    • Health
    • Hollywood
    • Movies
    • Music
    • Relationships
    • Science
    • SHOWBIZ
    • Sports
    • Style & Beauty
    • Technology
    • US News
    • World News
    Tweets by @CelebCafe
    Copyright © 2019 CelebCafe.org, Celebrity and Entertainment News. website owner MXSTUDIO NETWORK LLP news & opinions games news
    weird news style news news items ABD news Nano News Mercurynewsdaily beacon examiner guangdongnanfang news