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Economic Forecasting

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  • DIARY- Top Economic Events to April 1 Thursday, 19 Mar 2015 | 8:01 PM ET

    MIAMI, United States- U.S Treasury Secretary Jack Lew will participate in a moderated conversation hosted by the Greater Miami Chamber of Commerce and Miami Dade College. ATHENS, United States- Federal Reserve Bank of Atlanta President Dennis Lockhart speaks on monetary policy and the economic outlook before the Georgia Law Review Symposium- 1420 GMT.

  • NEW YORK, March 18- The dollar plunged across the board on Wednesday after the Federal Reserve signaled an interest rate increase as early as June but slashed interest-rate projections over the next few years and downgraded its outlook for the U.S. economy. The dollar also dropped 3 percent versus the Swiss franc, posting its worst daily performance since Jan. 15,...

  • WASHINGTON, March 18- The Federal Reserve on Wednesday moved a step closer to hiking rates for the first time since 2006, but downgraded its economic growth and inflation projections, signaling it is in no rush to push borrowing costs to more normal levels. "Just because we removed the word' patient' from the statement doesn't mean we're going to be impatient," Fed...

  • NEW YORK, March 18- The dollar tumbled across the board on Wednesday after the Federal Reserve signaled an interest rate increase as early as June but slashed interest-rate projections over the next few years and downgraded its outlook for the U.S. economy. As expected, the U.S. Central Bank dropped the word "patient" from its statement in terms of raising interest...

  • *SPDR Gold Trust dropped 0.4 pct on Tuesday. NEW YORK/ LONDON, March 18- Gold prices surged more than 2 percent on Wednesday, on track for the biggest rally since January after the Federal Reserve signaled a more cautious outlook for U.S. economic growth, and the dollar tumbled. "The Fed is now on the launching pad at Cape Canaveral; however, whether the mission is Apollo...

  • Stock markets rallied after the Fed statement, while the U.S. 10- year Treasury yield dipped below 2 percent for the first time since March 2 and the euro rose against the dollar on the more dovish forecasts that appeared to argue against a June move. "This was largely what was expected, though some may have been fearing a more hawkish Fed, and that explains the rally...

  • WASHINGTON, March 18- The Federal Reserve on Wednesday opened the door further for an interest rate hike as early as June, ending its pledge to be "patient" in normalizing monetary policy. But the U.S. central bank signaled a more cautious outlook for U.S. economic growth and slashed its projected interest rate path, in a sign that it remains concerned about the...

  • LONDON, March 18- British finance minister George Osborne lowered his target for a future budget surplus and announced higher economic growth forecasts as he sought to show voters that the country's recovery is entrenched. Britain's independent budget forecasters said at the time of the previous forecasts that to reach the target, public spending would...

  • March 18- Business sentiment at Asia's top companies remained upbeat at the start of 2015 with Indian companies turning in the region's most positive outlook for the fourth straight quarter, buoyed by confidence in Prime Minister Narendra Modi's economic reform agenda. Optimism was tempered by firms in China, where the government expects economic growth to...

  • DIARY-Top Economic Events to March 30 Tuesday, 17 Mar 2015 | 8:01 PM ET

    LONDON- Bank of England to publish minutes of its March policy meeting- 0930 GMT. STOCKHOLM- Bank and Finans Outlook 2015. Sweden's Riksbank Governor Stefan Ingves and Sweden's Finance Minister Magdalena Andersson will attend. FRANKFURT- European Central Bank board member Benoit Coeure speaks at the ILF conference on "What is the Goal of the Capital Markets...

  • March 17- Hong Kong shares slipped on Tuesday, as lingering worries over anticipated monetary tightening in the United States offset bullish sentiment about China on mainland markets. Analysts say Premier Li Keqiang's remarks over the weekend have improved China's economic outlook, and boosted market confidence, but gains in Hong Kong shares have been...

  • TOKYO, March 17- The Bank of Japan maintained its massive stimulus programme on Tuesday and signaled its conviction that a steady economic recovery will help achieve its ambitious price target without immediate, additional monetary easing. As widely expected, the BOJ maintained its stimulus programme that pledges to print money at an annual pace of 80...

  • SAN JOSE, March 16- Costa Rica's economy will grow 4 percent in 2015, helped by higher levels of public investment, Finance Minister Helio Fallas said on Monday. "Higher public and private investment is having a multiplying effect on the economy," Fallas told journalists. Costa Rica's Central Bank, which expects economic growth of 3.4 percent for the year, lowered...

  • DIARY-Top Economic Events to March 27 Friday, 13 Mar 2015 | 8:01 PM ET

    CERNOBBIO, Italy- European Central Bank board member Sabine Lautenschlaeger takes part in event on "The Outlook for Economy and Finance"- 0745 GMT. Speakers:- European Central Bank board members Sabine Lautenschlager and Peter Praet, Germany's Bundesbank board member Andreas Dombret and Germany's Bundesbank Deputy President Claudia Buch.

  • MOSCOW, March 13- Russia's Central Bank Governor Elvira Nabiullina said on Friday that recent economic data showed the balance of risks remains skewed towards an economic slowdown. Nabiullina told a press conference that the bank expects a rapid economic recovery only in 2017 when gross domestic product growth may exceed 6 percent, after falling some...

  • MOSCOW, March 13- Russian bank VTB said on Friday it made a profit of just 0.8 billion roubles in 2014, implying it made its first quarterly loss since 2009 in the fourth quarter as sanctions and an economic downturn weighed. VTB, along with larger rival Sberbank, is a dominant player in Russia's banking sector and is under Western sanctions imposed over Russia's...

  • ACCRA, March 12- Ghana has slashed its 2015 oil revenue forecast to 1.5 billion cedis from 4.2 billion cedis when the budget was presented in November due to lower crude prices, the finance minister said on Thursday. Ghana, which also exports cocoa and gold, enjoyed several years of robust economic growth after it began pumping oil from its offshore Jubilee field...

  • BRASILIA, March 12- Brazil's inflation will rise more than expected this year, but tighter monetary and fiscal policies and a slowdown in activity will ease price pressures in 2016, the central bank said on Thursday, leaving the door open for more interest rate increases. The bank continues to leave the door open for more increases, "said Thais Marzola Zara, chief...

  • BEIJING, March 12- China's central bank governor on Thursday signalled that Beijing is comfortable with the current macroeconomic environment and plans to stick with its "prudent" monetary policy. Both are seen as key reforms needed for the wider restructuring of China's economy and a move away from miscalculated and mispriced investment.

  • BEIJING, March 12- Chinese banks extended 1.02 trillion yuan of new loans in February, well above market expectations, while growth in broad money supply quickened, taking some heat off the central bank as it seeks to boost flagging economic growth. Economists polled by Reuters had expected new local-currency loans to fall to 750 billion yuan in February from...