The Federal Reserve would be distributing the redesigned USD 100 bills on Tuesday.
Federal Reserve
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Lawrence Summers, ex-economic aide to US President Barack Obama, had withdrawn from consideration to succeed Federal Reserve outgoing chair Ben Bernanke.
Morningstar reported Pimpco's Total Return Fund took a USD 41 billion hit in the last four months.
US jobs and service sector data indicated Thursday that the US Federal Reserve would be slowing its bond buying program down soon.
China urged its Asian neighbors to forge stronger financial ties in the wake of the Federal Reserve's plan to taper its stimulus package.
As data showed a recovery in the economy, an economist said the Federal Reserve would most likely stay on its September schedule to start easing its monetary stimulus.
According to a Bloomberg report, the potential nomination of a Federal Reserve outsider made investors scramble for advice on whether the news would have an effect in financial markets and monetary policy.
The US Federal Reserve conducted a study and saw 18 of the largest banks in the country to be weak in one capital area.
U.S. consumer prices went up as predicted in July.
The Federal Reserve gave no indication that it intends to reduce its bond purchases, at least for now.
Federal Reserve must dissolve bond-buying program quickly, according to Richmond Fed leader Jeffrey Lacker.
The increase in interest rates and decrease in stock price took off the glow in consumer sentiment.
Hedge funds sees a decline for the first time in eight months
US fixed income mutual funds attracted deposits from investors that came from redemption rebounds after the Federal Reserve announced scaling back of its stimulus.
Fed's reduced bond buying threat resulted in fund withdrawals from several investors.
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