WASHINGTON - The Federal Reserve held interest rates steady Thursday, extending a yearlong breather for borrowers. Although policymakers observed improvements on inflation, they made clear they were not ready to declare victory on that front. Wrapping up a two-day meeting, Fed Chairman Ben Bernanke and his central bank colleagues left an important interest rate at 5.25 percent, the same as it was last June. The decision was unanimous.
FORT LEE, N.J., March 11, 2011 /PRNewswire/ -- The National Inflation Association (NIA) - http://inflation.us - today released the following economic update article: China this morning reported 4.9% price inflation for the month of February, exceeding analyst expectations of 4.8%. With China now mimicking the U.S. Bureau of Labor Statistics and taking steps to artificially manipulate their consumer price index (CPI) numbers as low as possible, it is likely that real price inflation in China is now closer to 10%. China was at least smart enough to raise interest rates last month by 25 basis points to 6.06%, while the Federal Reserve continues to leave interest rates near zero with there being absolutely no talk of the Federal Reserve ever raising interest rates again. China will be succe...
THE ASSOCIATED PRESS WASHINGTON - The worst financial crisis in 70 years has forced the Federal Reserve to employ all the weapons in its arsenal - including cutting interest rates to near historic lows - to try to keep the country from plunging into a deep recession.
WASHINGTON -- Worried that high energy costs could spread inflation throughout the economy, Federal Reserve policymakers this month decided they should keep pushing interest rates higher. Minutes of the Fed's closed-door meeting on Nov. 1, released Tuesday, underscored that policymakers were more concerned about the prospects of resurgent inflation than a serious economic slowdown after a trio of deadly hurricanes.
Ebeling addresses the question whether the Federal Reserve should attempt to set or influence interest rates in the market. The presumption is that it is both legitimate and desirable for central banks to manipulate a market price, in this case the price of borrowing and lending. The only disagreements among the analysts and commentators are over whether the central banks should nudge interest rates up or down and by how much.
WASHINGTON - The Federal Reserve, concerned soaring energy prices could stoke broader inflation, boosted short-term interest rates Tuesday and signaled rates would probably keep on rising in the months ahead. Federal Reserve Chairman Alan Greenspan and his colleagues, sticking to a course of gradually raising rates, bumped up the federal funds rate by one-quarter percentage point to 2.75 percent. That marked the seventh increase of that size since the Fed began tightening credit in June 2004. In a brief statement after their meeting, the Fed policy-makers drew more attention to rising prices than they have in previous assessments, noting that "pressures on inflation have picked up in recent months. Still, they said the increases in energy prices haven't fed through to "core" consumer p...
It is pretty much accepted now by economists that monetary policy -- meaning the Federal Reserve's ability to influence interest rates by raising or lowering the borrowing rate offered to banks -- cannot permanently alter the unemployment rate or growth rate of the economy. The Humphrey-Hawkins Act of 1978 explicitly mandated the Federal Reserve to achieve the dual targets of low inflation and maximum employment. A lot of questions have been raised concerning inflation guidelines and flexible targeting. There is not a pressing need to make a decision on guidelines one way or the other. There clearly are many issues regarding guidelines and targeting for researchers, business economists, and policymakers to study and debate. No matter what answers surface, people will learn more about th...
WASHINGTON (AP) - The Federal Reserve held interest rates steady, extending a nearly yearlong period of stability that has positives for savers and borrowers. Fed Chairman Ben Bernanke and his central bank colleagues on Wednesday left an important interest rate unchanged at 5.25 percent, where it has stood since last June. The decision was unanimous.
In the shadow of the spotlight focused on the faltering nationwide housing market comes the all-encompassing catch phrase "credit crunch." However, the term is neither a prophet of doom nor is it unique only in light of housing, especially subprime mortgage loans. Like dominoes, many factors impacted the economy to cause the current credit crunch, which, in turn, will impact other economic factors. To best understand the problem, it is necessary to define the term credit crunch. According to Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor, a credit crunch is a "period during which borrowed funds are difficult to obtain and, even if funds can be found, interest rates are very high." Literally, a credit crunch is a time when borrowing money comes at a higher ri...
... to Benjamin Bernanke's thoughts on the Federal Reserve's recourse during a credit crunch: ". .a c...
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