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US Fed preparing to remove stimulus 'soon' despite slower recovery

Heather Scott, Agence France-Presse
Posted at Sep 23 08:40 AM

The closely-watched announcement left policy unchanged for now, but new forecasts from central bankers show they expect the first interest rate increase next year. Read more »

Dollar dips as inflation eases pressure for Fed

Kevin Buckland, Reuters
Posted at Aug 12 11:06 AM

The dollar held near a four-month peak against major peers on Thursday after retreating overnight. Read more »

Stocks hit record highs as Fed tapering concerns ease

Matt Scuffham, Reuters
Posted at Aug 12 09:46 AM

Global shares hit record highs Wednesday after data showed US consumer price increases slowed in July. Read more »

Fed to meet as inflation, virus variants complicate US recovery

Chris Stein, Agence France-Presse
Posted at Jul 25 11:09 AM

As rising prices and the spread of new COVID-19 variants increase risks to the US economy, Federal Reserve officials are expected to maintain their easy money policies intended to help American companies and workers survive the pandemic damage.   Read more »

Inflation eases in Q2, to remain within target despite rising oil: BSP

ABS-CBN News
Posted at Jul 22 07:28 PM

Average headline inflation eased in the second quarter, and inflation is expected to remain within the government’s target range despite rising prices of crude oil, the Bangko Sentral ng Pilipinas said on Thursday.  Read more »

Negative rating outlook to affect investor sentiment, capital flows: ADB economist

Bruce Rodriguez, ABS-CBN News
Posted at Jul 14 06:52 PM

An ADB economist said investor sentiment and capital flows in the Emerging East Asia region could be disrupted, after a series of credit rating outlook downgrades on major developing economies. Read more »

Hefty reserves to shield Philippines from US Fed actions: BSP

ABS-CBN News
Posted at Jul 12 01:03 PM

An interest rate hike by the US Federal Reserve will not pressure the Philippines due to its heft dollar reserves and other foreign exchange sources, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said Monday.   Read more »

Fed chairman's testimony shows Biden's economic plan working: White House

Reuters
Posted at Jun 23 09:15 AM

Congressional testimony from Federal Reserve Board Chairman Jerome Powell on Tuesday shows that President Joe Biden's economic plan is working, a White House official said. Read more »

Tokyo's Nikkei drops 3 percent on US rate hike fear

Agence France-Presse
Posted at Jun 21 09:33 AM

Tokyo's key Nikkei index tumbled just over three percent after the open on Monday, tracking losses on Wall Street as investors digested Federal Reserve messaging on more restrictive monetary policy. Read more »

PH shares join regional decline following hawkish US Fed statement

ABS-CBN News
Posted at Jun 17 11:23 PM

Philippine shares joined most Asian markets that fell lower as the US Federal Reserve stunned investors with its sudden hawkish turn.  Read more »

Hawkish Fed fuels dollar, leaves stocks and bonds bruised

Marc Jones, Reuters
Posted at Jun 17 09:19 PM

World equities were heading for their biggest fall in weeks on Thursday after the US Federal Reserve startled investors by signaling it might raise interest rates at a much faster pace than assumed, sending bond yields and the dollar sharply higher.   Read more »

Fed signals higher rates in 2023, bond-buying taper talks as virus fades

Reuters
Updated as of Jun 17 12:49 PM

The Federal Reserve on Wednesday began closing the door on its pandemic-driven monetary policy as officials projected an accelerated timetable for interest rate increases, opened talks on how to end crisis-era bond-buying, and said the 15-month-old health emergency was no longer a core constraint on US commerce.   Read more »

US Fed expected to stand its ground despite rising inflation

Heather Scott, Agence France-Presse
Posted at Jun 13 12:01 PM

Even in the face of rising inflation, the lackluster progress on restoring jobs lost during the pandemic means the US Federal Reserve is unlikely to budge on monetary policy when it meets next week.   Read more »

Oil hovers near 13-month highs as storm hits US output, Fed assures rates staying low

Julia Payne, Reuters
Posted at Feb 25 07:32 PM

Oil prices extended gains for a fourth session on Thursday to reach the highest levels in more than 13 months, underpinned by an assurance that US interest rates will stay low, and a sharp drop in US crude output last week due to the storm in Texas. Read more »

PH shares fall following release of minutes from US Fed meeting

ABS-CBN News
Posted at Feb 18 11:24 PM

Philippine shares extended their decline for a second straight day, along with most Asian markets. Read more »

Asian shares under pressure on rising coronavirus cases

Swati Pandey, Reuters
Posted at Jan 25 09:48 AM

Asian shares were on the defensive on Monday as rising COVID-19 cases and doubts over the ability of vaccine makers to supply the promised doses on time soured risk appetite. Read more »

Fed's Kaplan hopes to begin QE weaning this year

Ann Saphir, Reuters
Posted at Jan 12 11:59 AM

Dallas Federal Reserve President Robert Kaplan on Monday said he expects broad vaccine distribution to unleash strong economic growth later this year, allowing the U.S. central bank to begin to pull back on some of its extraordinary monetary support. Read more »

Fed sees rising bond yields, inflation expectations as a possible win

Jonnelle Marte, Ann Saphir and Howard Schneider, Reuters
Posted at Jan 08 11:35 AM

A recent rise in U.S. bond yields and market inflation expectations have bolstered Federal Reserve officials' hopes the central bank's new monetary policy approach is taking hold and could be further buoyed if a Democratic-led Congress rolls out more spending. Read more »

US economic suffering may rise without stimulus: Fed minutes

Agence France-Presse
Posted at Nov 26 08:12 AM

Officials at the Federal Reserve feared the US economy was on a course for renewed pain without Congress approving more stimulus to help its recovery from the pandemic, according to minutes of the central bank's latest policy meeting released Wednesday.   Read more »

Biden to name Yellen to Treasury to lead U.S. from sharp economic downturn

Trevor Hunnicutt and David Lawder, Reuters
Posted at Nov 24 11:24 AM

President-elect Joe Biden is expected to nominate former Federal Reserve Chair Janet Yellen as U.S. Treasury secretary, breaking a 231-year gender barrier and putting a seasoned economist and labor market expert in charge of leading the country out of the steepest downturn since the Great Depression.   Read more »