NEW YORK, Feb 12- While recently tighter U.S. financial conditions will factor into the Federal Reserve's upcoming policy decisions, it is "extraordinarily premature" to even talk about using negative interest rates to stimulate the economy, a top Fed official said on Friday. "To me, that's not something that should be part of the conversation right now," New York Fed...» Read More
Fed Chairman Janet Yellen discusses measures to improve financial firms' transparency and accountability.
Fed Chairman Janet Yellen discusses the strength of the U.S. banking system and its ability to support credit needs.
Fed Chairman Janet Yellen says oil prices and the strength of the dollar has helped hold down inflation.
Closely-watched interest rates expert Jim Grant says the recession likely began late last year.
Fed Chairman Janet Yellen says the Fed is continuing to watch inflation expectations and reiterates that it will revise expectations based on incoming data.
WASHINGTON— Federal Reserve Chair Janet Yellen cautioned Wednesday that global weakness and falling financial markets could depress the U.S. economy's growth and slow the pace of Fed interest rate hikes. She did concede, though, that negative rates, which central banks in Japan and Europe have recently imposed, are a tool the Fed has at least studied.
The differences are modest but show White House economists are being slower to downgrade their view of America's growth potential. While the Fed and the CBO have been cutting their views on long-term growth in recent years, the White House has held steady in each budget submitted since early 2013.. Prominent academics including former Treasury Secretary...
Yields on Japan's benchmark 10-year government bond fell below zero for the first time, as investors clamored for safe-haven assets.
NEW DELHI, Feb 8- India's economic growth slowed in the last quarter of 2015, adding to pressure on Prime Minister Narendra Modi's government to expedite stalled reforms in the next session of parliament when it presents its annual budget. That rate of growth was faster than the 6.8 percent posted by China in the same quarter, although many economists say the...
Hourly wages rise and consumer confidence holds up despite recent market woes. CNBC's Steve Liesman explains.
Gluskin Sheff's chief economist and strategist tells CNBC a recession in 2016 isn't likely.
MEXICO CITY, Feb 4- Mexico's central bank held borrowing costs steady on Thursday, but said it would monitor increasing risks to inflation from a deep slump in the peso even as it noted the outlook for growth had worsened. The Banco de Mexico left its key rate at 3.25 percent, as expected by all 15 analysts surveyed by Reuters last week. The Banco de Mexico hiked its key...
Bank of England governor, Mark Carney tells CNBC how the central bank is looking at the broader, international markets and their impact on the U.K. economy.
Bank of England governor, Mark Carney discusses how the central bank is looking at the possibility of Britain leaving the European Union.
Bank of England governor, Mark Carney discusses how the central bank plans on raising interest rates.
LONDON, Feb 4- The Bank of England cut growth forecasts on Thursday and the lone advocate of a rate hike reversed his position, suggesting rates were on hold for an extended period even as its governor said the next move was still likely to be up. Echoing downbeat comments from central banks around the globe, BoE chief Mark Carney warned that global growth was only...
Despite markets pricing in a possible cut in interest rates from the Bank of England (BOE), its governor, Mark Carney explains why it’s committed to raising rates.
Bank of England governor, Mark Carney explains why low inflation predominantly comes from the sharp fall in commodity prices globally.
LONDON, Feb 4- The Bank of England cut its economic growth forecasts on Thursday due to a darker global outlook, and the lone policymaker who had backed a rate rise in recent months unexpectedly abandoned this position. The central bank said its Monetary Policy Committee had voted 9-0 this week to keep rates on hold at a record-low 0.5 percent, where they have been...
Ross Walker, U.K. economist at RBS, says the BoE would consider an interest rate cut if growth and business confidence fell.