Last Updated: Saturday, August 29, 2015, 22:26
Federal Reserve Vice Chairman Stanley Fischer warned Saturday that the US central bank will not wait for inflation to hit two percent before raising interest rates.
Last Updated: Friday, July 10, 2015, 23:50
Yellen, however, remained cautious, saying she still saw slack in the jobs market, which has been a key factor in how the Fed approaches its first rate hike since 2006.
Last Updated: Tuesday, May 26, 2015, 09:39
Gold was stuck in a tight trading range above $1,200 an ounce on Tuesday, as the dollar jumped to a fresh one-month peak against a basket of major currencies on the prospect of higher U.S. interest rates this year.
Last Updated: Friday, May 22, 2015, 18:54
The Fed`s preferred inflation measure, the personal consumption expenditures price index, rose 0.3 percent in March year-over-year, while the core PCE price index was up a modest 1.3 percent.
Last Updated: Tuesday, May 5, 2015, 10:23
The euro bought $1.1141 in late-morning Singapore trade from $1.1146 in New York late Monday, while the dollar climbed to 120.15 yen from 120.14 yen.
Last Updated: Monday, May 4, 2015, 13:49
Spot gold ticked up 0.4 percent to $1,183.08 an ounce by 0704 GMT, up from a six-week low of $1,170.20 reached on Friday
Last Updated: Friday, April 17, 2015, 06:10
Federal Reserve officials on Thursday were again at public odds over when the U.S. central bank should start raising rates, underscoring the difficult task ahead for Fed Chair Janet Yellen as she tries to build consensus for a rate hike sometime later this year.
Last Updated: Tuesday, February 24, 2015, 08:52
San Francisco Federal Reserve Bank President John Williams said the US central bank needs to keep its options open regarding the possibility of raising interest rates in June, Japanese financial news daily Nikkei reported on Monday.
Last Updated: Thursday, January 8, 2015, 00:43
The US Federal Reserve pressed ahead at its last policy-setting meeting with plans to begin raising interest rates later this year despite an apparently vigorous debate over how to communicate its intentions.
Last Updated: Monday, December 22, 2014, 06:01
Tokyo stocks opened 0.36 percent higher on Monday as the yen stayed weak against the dollar.
Last Updated: Thursday, December 18, 2014, 02:09
The Federal Reserve on Wednesday offered a strong signal that it was on track to raise interest rates sometime next year, dropping a pledge to keep them near zero for a "considerable time" in a show of confidence in the U.S. economy.
Last Updated: Tuesday, December 2, 2014, 21:41
A key overnight borrowing cost for US banks reached its highest level since April 2013 on Monday after the Federal Reserve raised an interest rate on a test program aimed to hit its rate target when it decides to tighten policy, Fed data showed.
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