The Bank of England's Monetary Policy Committee was split three ways in November, with seven members backing the 25 billion pound boost to the economy, one wanting more and another calling for no increase at all.
The dollar fell against most major currencies Wednesday as dealers took profits on the currency's biggest rise in three weeks, with fresh data doing little to alter the view that U.S. interest rates will remain at record lows well into 2010.
A senior Federal Reserve official said sluggishness in pockets of the US economy should not deter the Fed from beginning to remove its extraordinary economic support.
U.S. producer prices rose more slowly than expected in October despite a rebound in food and energy costs, according to a government report on Tuesday that pointed to tame inflation pressures.
Federal Reserve Bank of San Francisco President Janet Yellen said on Tuesday the U.S. economy would grow into next year and accommodative policies could not be maintained for too long.
The Fed's low interest rate policy has allowed investors to move into riskier assets in order to promote economic recovery, and there are no signs a U.S. asset bubble Building up for now, the central bank's number-two official said.
Bristol-Myers Squibb said on Sunday it plans to split off its 83 percent stake in Mead Johnson Nutrition Company in a deal that lets Bristol shareholders exchange their shares for Mead Johnson common stock.
Significant weaknesses still have to work their way through the US economy, coupled with a rising level of debt, Kansas City Fed President Thomas Hoenig said Monday.
Friday, 13 Nov 2009 | Source: The Associated Press
The White House has told domestic agencies to assume their budgets will be frozen or even cut by 5 percent as it signals a big push to take on the deficit next year.
The U.S. trade deficit widened in September by an unexpectedly large 18.2 percent, the most in more than 10 years, as imports from China bounded higher.
IMF managing director Dominique Strauss-Kahn said the pace of the recovery in the U.S. economy remains sluggish but he does not believe there will be a double-dip.
The Consumer Price Index, a measure of the average price level of a basket of consumer goods and services, was up 0.3% for the month of October, while the core CPI rate, excluding energy and food, rose 0.2%.... Read More
In citing three conditions, the Federal Reserve has provided a roadmap by which market participants can gauge with greater precision the evolution of monetary policy, in particular the exit strategy for the Fed’s current stance, says bond expert Tony Crescenzi.... Read More