Last Updated: Saturday, July 25, 2015, 09:16
The rate forecast was included with a series of bearish projections on U.S. economic growth and inflation that were presented to policymakers at their June 16-17 meeting.
Last Updated: Thursday, June 18, 2015, 20:18
The question of how quickly the Federal Reserve should raise rates is dividing normally like-minded policymakers at the U.S. central bank, pitting those who favor two hikes this year against a growing number of those who want to stop at just one.
Last Updated: Thursday, June 18, 2015, 13:57
Gold extended gains on Thursday as the dollar came under pressure after the Federal Reserve hinted it may hike U.S. rates later than market expectations and cut economic growth forecasts.
Last Updated: Saturday, May 23, 2015, 09:25
The confident tone suggested the Fed wants to set the stage as early as possible for its first rate rise in nearly a decade, with Yellen stressing that monetary policy must get out ahead of an economy whose future looks bright.
Last Updated: Thursday, April 30, 2015, 10:50
Signs of cutbacks in US oil output, a key factor in the global supply glut that has driven prices to plunge by as much as 60 per cent since June last year, were also supporting prices.
Last Updated: Thursday, April 30, 2015, 02:15
The Federal Reserve left open its timeframe for a rise in interest rates Wednesday, following a winter slowdown that stalled US economic growth.
Last Updated: Tuesday, April 14, 2015, 09:25
Applications for H-1B visas allowing U.S. businesses to hire foreign workers in science, engineering and computer programming totalled a record 233,000 for fiscal 2016, according to government figures released on Monday.
Last Updated: Friday, March 27, 2015, 21:11
Gross domestic product expanded at a 2.2 percent annual rate last quarter, the Commerce Department said on Friday in its third estimate of GDP. That was unrevised from the forecast last month.
Last Updated: Friday, March 20, 2015, 09:43
Gold held recent gains to trade near a two-week high on Friday and was headed for its biggest weekly jump since January, after the Federal Reserve cautioned over its rate hike path and U.S. economic growth.
Last Updated: Thursday, March 19, 2015, 09:01
The Federal Reserve on Wednesday moved a step closer to hiking rates for the first time since 2006, but downgraded its economic growth and inflation projections, signalling it is in no rush to push borrowing costs to more normal levels.
Last Updated: Monday, March 2, 2015, 05:48
Tokyo stocks opened 0.38 percent higher on Monday after the yen dropped against the dollar in a boost for Japanese exporters.
Last Updated: Saturday, February 28, 2015, 01:20
U.S. economic growth braked more sharply than initially thought in the fourth quarter amid a moderate increase in business inventories and a wider trade deficit, but strong domestic demand brightened the outlook.
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