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Tag Archives: federal reserve
Fed survey shows housing improvement
According to a survey done by the Federal Reserve, nearly all regions of the United States are reporting that stronger housing markets have helped boost economic growth since the middle of August. The Fed said growth improved in 10 of its … Continue reading
Posted in Economy
Tagged august, beige book, federal reserve, home prices, home sales, housing market
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China cuts interest rates
China’s central bank has done something that it hasn’t done since 2008 and that is cut interest rates to encourage more growth in a country whose metoric economic expansion seems to be fizzling out. China’s one-year lending rate is now … Continue reading
Posted in Economy
Tagged bank of england, china, chinese central bank, european central bank, federal reserve, interest rates
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Stock market retreats based on jobs report
Stocks fell on Monday but pulled off their lows by mid-session, suggesting that the market is brushing off the weaker-than-expected jobs data that pushed major indexes down more than 1 percent earlier. The S&P 500 slid to its lowest point … Continue reading
Posted in Economy
Tagged china, europe, federal reserve, jobs report, S&P 500, stock market
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Federal Reserve to make no changes to monetary policy
The Federal Reserve’s policy making committee the Federal Open Market Committee voted 9 to 1 to halt changes to the central bank’s ongoing stimulus policies and renewed its pledge to keep interest rates at record lows through 2013. The Fed … Continue reading
Good news from the Fed’s
The Federal Reserves’ announcement that it will hold rates as they are until mid 2013 was welcome news to all. The stock market reacted with an initial gain of 429 points. Most of that was lost a few days later … Continue reading
