US Federal Reserve

• U.S. Federal Reserve holds rates near zero, says economy has ‘strengthened’

  The Federal Reserve held interest rates and its monthly bond-buying program steady on Wednesday.

  Economy

  Apr 28
• Coronavirus: U.S. Federal Reserve slashes rates to nearly zero in response to COVID-19

  The U.S. Fed cut rates to a target range of 0 per cent to 0.25 per cent and said it would expand its balance sheet by at least US$700 billion in coming weeks.

  Consumer

  Mar 15, 2020
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• U.S. Federal Reserve cuts rates for 3rd time — but it may be the last this year

  By cutting rates, the Fed has tried to counter uncertainties heightened by President Donald Trump's trade conflicts, a weaker global economy and a decline in U.S. manufacturing.

  World

  Oct 30, 2019
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• U.S. Federal Reserve leaves its key rate unchanged but hints of future cuts

  The U.S. Federal Reserve kept its benchmark rate — which influences many consumer and business loans — in a range of 2.25 per cent to 2.5 per cent, where it’s been since December.

  World

  Jun 19, 2019
• Federal Reserve keeps U.S. interest rates steady, says will be ‘patient’ on further hikes

  U.S. stock markets extended their gains following the Fed's statement, and bond yields dropped.

  Economy

  Jan 30, 2019
• U.S. stocks face ‘biggest December fall’ since 1931 as world stocks, oil price tumbles

  World stock markets, the U.S. dollar and oil prices tumbled on Tuesday as fears about a slowing global economy gripped investors, just as the U.S. Federal Reserve looks set this week to deliver its fourth interest rate hike of the year.

  Consumer

  Dec 18, 2018
• White House intends to nominate Jerome Powell as Federal Reserve chair

  The White House has notified Federal Reserve Governor Jerome Powell that it will nominate him as the next chair of the central bank.

  Money

  Nov 1, 2017
• U.S. Federal Reserve ups interest rate to .75%; 1st increase in a year

  The Federal Reserve is raising a key interest rate for the first time in a year, reflecting a resilient U.S. economy and expectations of higher inflation. The move will mean modestly higher rates on some loans.

  Economy

  Dec 14, 2016
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• US Federal Reserve leaves key rate unchanged, hints at upcoming hike

  The Federal Reserve left interest rates unchanged Wednesday, six days before Americans choose a new president, but hinted again that it would likely raise rates soon.

  Economy

  Nov 2, 2016
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• US rate hike ends wait, but not uncertainty for Asia

  The Federal Reserve's rate hike was welcomed in Asia as a sign of strength in the U.S. economy, a major market for the region's exports.

  Dec 17, 2015