Interest Rates


  • Swiss central bank imposes negative interest rates Thursday, 18 Dec 2014 | 4:59 AM ET

    BERN, Switzerland— Following the fallout of the slide in the Russian ruble, Switzerland sought Thursday to prevent the Swiss franc from breaching upper limits imposed on the currency by introducing negative interest rates on commercial bank deposits. The move forces commercial banks to pay to deposit their francs with the Swiss National Bank— usually they...

  • LONDON, Dec 18- The Swiss franc hit its lowest against the dollar in more than two years, and touched a two-month trough against the euro, on Thursday after the Swiss National Bank said it would introduce negative interest rates. The Swiss franc weakened to as much as 1.2098 francs per euro on trading platform EBS, pulling away from the SNB's three-year old cap of...

  • US will face an 'inflation scare': Pro  Thursday, 18 Dec 2014 | 1:20 AM ET

    Kully Samra, managing director at Charles Schwab, says inflation in the U.S. will rise faster than expected despite downward pressure on energy prices.

  • TOKYO, Dec 18- Japanese stocks enjoyed their best day in 6-1/ 2 weeks on Thursday after the U.S. Federal Reserve expressed confidence in the U.S. economy and promised a "patient" approach to raising interest rates, boosting Wall Street shares. Exporters Toyota Motor Co and Canon Inc climbed 1.5 percent and 1.7 percent respectively, benefitting from a weaker yen.

  • Why the Fed thinks US economy still needs its help Thursday, 18 Dec 2014 | 12:05 AM ET

    WASHINGTON— If you didn't know about the lingering damage from the Great Recession, the U.S. economy would appear remarkably strong. So the U.S. central bank declared it would be "patient" in deciding when to raise its benchmark rate from a record low, where it's been since December 2008. "There is no preset time," Fed Chair Janet Yellen explained at a news conference.

  • Here's the main takeaway from Fed  Thursday, 18 Dec 2014 | 12:04 AM ET

    Don Hanna, Asia Managing Director at Hanna-Roubini Global Economics, says the Fed's key message is that the labor market, inflation and financial conditions will be key to when the Fed raises interest rates.

  • BEIJING, Dec 18- The slide in the rouble has not had a major impact on China's cross-border foreign exchange flows, an official with the Chinese foreign exchange regulator said on Thursday. The comments come as global markets have been roiled by turmoil in Russia's financial markets, which forced the central bank to hike interest rates 6.5 percentage point in a...

  • Assessing Fed's commitment to price stability  Wednesday, 17 Dec 2014 | 9:16 PM ET

    Robert Heller, Former Federal Reserve Governor, explains why he doesn't believe that the U.S. central bank is chasing stability with its 2 percent inflation target.

  • TOKYO, Dec 18- The dollar took the upper hand on Thursday after the Federal Reserve signalled it was on track to raise interest rates next year, altering a pledge to keep them near zero for a "considerable time" in a show of confidence in the U.S. economy. The dollar index rose to 89.109, flat in Asia but having risen 1.0 percent on Wednesday and coming within a striking...

  • SINGAPORE, Dec 18- Gold hovered near its weakest level in more than two weeks on Thursday after the Federal Reserve signaled it was on track to increase interest rates next year as the U.S. economy strengthens. *Spot gold was up 0.1 percent at $1,189.86 an ounce by 0023 GMT, not far above Wednesday's trough of $1,183.73 which was its lowest point since Dec. 1.

  • NEW YORK, Dec 17- The S&P 500 scored its best day since October 2013 on Wednesday as the Federal Reserve gave an upbeat assessment of the U.S. economy and said it would take a patient approach toward raising interest rates. The Fed said it would take a "patient" approach in deciding when to bump borrowing costs higher, which Fed Chair Janet Yellen, at a news conference,...

  • NEW YORK, Dec 17- Economists at Wall Street's biggest banks remain convinced the Federal Reserve will raise interest rates by next June and most expect the Fed to tighten policy more than once in 2015, a Reuters poll found after the U.S. central bank wrapped up a policy meeting on Wednesday. The Fed last raised interest rates in 2006 and has held its target policy...

  • Expect Fed rate hikes next summer: Pimco's Mather Wednesday, 17 Dec 2014 | 6:05 PM ET
    The U.S. Federal Reserve Building is shown at sunrise in Washington, Oct. 28, 2014.

    Pimco's Scott Mather said he expects the Federal Reserve to move slowly in raising interest rates.

  • Reading the change in Fed's statement  Wednesday, 17 Dec 2014 | 5:50 PM ET

    Despite the change, the Fed remains comfortable with lifting interest rates in mid-2015, says Toby Lawson, Managing Director of futures and options execution, Asia-Pacific at Societe Generale Newedge.

  • NEW YORK, Dec 17- The U.S. dollar posted its biggest daily gain against major currencies since early October on Wednesday after the Federal Reserve signaled it was on track to hike interest rates sometime next year. "Markets are taking the dollar higher, as they should be, because the Fed is on track to hike rates in 2015," said Win Thin, currency strategist at Brown...

  • How the Dow Jones industrial average fared Wednesday Wednesday, 17 Dec 2014 | 4:43 PM ET

    A pledge from the Federal Reserve to remain "patient" when deciding when to lift interest rates gave the stock market its biggest gain in more than a year. The Dow Jones industrial average rose 288 points, or 1.7 percent, to 17,356.87. The Standard& Poor's 500 index climbed 40.15 points, or 2 percent, to 2,012.89.

  • NEW YORK, Dec 17- The S&P 500 scored its best day since October 2013 on Wednesday as the Federal Reserve gave an upbeat assessment of the economy and said it would take a patient approach toward lifting interest rates. "This is the market saying,' Ah, I get it,' the Fed does not want to be in the business of disruption, this is a steady monetary policy and the Fed will continue...

  • COLUMN-Fed playing patience as inflation lags: James Saft Wednesday, 17 Dec 2014 | 4:34 PM ET

    Dec 17- Call it patience or any of the rest of the seven virtues if you like, but the truth is that the Fed can't raise interest rates because inflation won't play along. The Federal Reserve said on Thursday it is prepared to be "patient" before hiking rates but that this means the same as its former future guidance of a "considerable time." Fed chair Janet Yellen at the...

  • NEW YORK, Dec 17- U.S. stocks rallied on Wednesday, giving the S&P 500 its best day since October 2013 as the Federal Reserve gave an upbeat assessment of the economy and said it would take a patient approach toward lifting interest rates.

  • *FOMC stresses patience in normalizing interest rates. *Yellen sees boost for U.S. from oil drop, downplays risk. NEW YORK, Dec 17- U.S.