The Fed should "explicitly" say it will keep rates near zero until the economy is within a year of reaching Fed goals, a policymaker said.» Read More
Despite all the anticipation over today's Federal Reserve meeting, there's little else the central bank can do now to help the economy recover, Pimco's co-CEO Mohamed El-Erian told CNBC.
The blame for the uncertainty that surrounds Tuesday’s meeting of the Federal Open Market Committee should perhaps be placed on Federal Reserve Chairman Ben Bernanke's leadership style, or lack of it.
Take the news of the Fed announcement, should it follow this dovish direction, and not look at it is a positive stimulus to the economy, but as a detrimental decision that will hold negative ramifications and here's why.
Since the zero interest rate policy (ZIRP) was put into effect in December 2008, Fed days have typically been positive for the S&P 500.
Rates keep falling, and Wall Street increasingly seems convinced that they will stay low for years. But it isn’t the Federal Reserve that is cutting them — it is the bond market. The NYT reports.
Faced with weak economic data and rising fears of a double-dip recession, the Federal Open Market Committee is likely to ensure its policy is not constraining growth, the FT reports.
Local and state governments, as well as some companies, are trimming salaries in cost-saving measures that are often described as a last-ditch effort to avoid layoffs., reports the New York Times.
Following Federal Reserve Chairman Ben Bernanke's change in tone last month, where he said that the "course of economic recovery was unusually uncertain," stock markets have performed well.
Markets might be getting ahead of themselves in anticipating some bold new moves from the Federal Reserve to combat the weakening economy.
Some of the smartest and most successful investment brains are on opposite sides of that question. The right answer matters a whole lot.
The US economy is in the middle of a pause in a modest recovery that feels like a "quasi-recession," Alan Greenspan, the former chairman of the Federal Reserve, said Sunday.
"We now believe that current conditions have moved policymakers into action and that the FOMC will adopt a more accommodative stance at its 10 August meeting," a Nomura economist said.
A subtle but significant shift appears to be occurring within the Federal Reserve over the course of monetary policy as the economic recovery is weakening. The New York Times explains.
As Bernanke & Company are keenly aware, companies are neither hiring new workers nor investing aggressively in new plants and equipment. Rather, most companies are content to sit on their fortunes while earning just a fraction of a percent on their money
Honestly, can anyone argue that $862 billion of spending won’t help? Actually, they lump the Wall Street bailout, the bank stress tests, the emergency lending and asset purchases by the Federal Reserve, and the Obama administration’s fiscal stimulus program all together to say that it all worked.
Durable goods orders for June due Wednesday could have as much directional sway with stocks as the flood of earnings news coming from companies like Boeing, Conoco Phillips and Comcast.
An announcement could come in early August but some speculate it may involve the naming of an interim director not a permanent one, if only to get the new agency up and running.
Earnings news Tuesday may again be the catalyst for a stock market that's showing improving technical strength.
"It's not a question of whether you have bullets, but that people think he has bullets," says one economist, referring to the famous scene in the Clint Eastwood cop drama, 'Dirty Harry.'
The Obama administration warned Friday the U.S. economy had encountered "strong headwinds" and the country's fiscal challenge remained grim, but it lowered an estimate for the budget deficit this year.