US Federal Reserve

Traders

Wall Street gains propel Asian indices up; China markets reopen on positive note

Taking cues from the overnight gains on Wall Street, Asian markets moved upwards marginally on Thursday. The reopening of trading in Chinese markets after a long-week holiday streak also infused fresh interest into the market.

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NYSE

Bill Gross sees further 10% drop in US stocks

Bill Gross, a bond manager, forecasts further fall of 10 percent in many asset classes, while advising investors that cash is the best bet until a clear picture about the next direction of the market emerges.

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Janet Yellen

US Fed Chair Janet Yellen hints at rate hike in 2015

Giving much wider scope of speculation on possible interest rate hike in next October meeting, the US Federal Reserve Chair Janet Yellen has indicated that there would be interest rate hike this year. Yellen further opined that it's necessary to increase short-term rates in a gradual manner as the improvement in labor market further continues and inflation rate reaches to the government target of two percent. The US Central Bank has been sending feelers about the possible rate hike this year for some time. The job market growth is the major factor that puts the US Fed in a comfortable position to take a decision on interest rate hike.

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Oil drilling

Oil price further skids on renewed global concerns

Oil prices dropped further on Friday trading following the alert from the US Central Bank that global economy is weakening. Adding to this, indications that Organization of Oil Exporting Countries (OPEC) would keep up oil production, in order to maintain its market share, also further dampened the market confidence. Equities on the US and European stock markets opened lower. The fundamentals seem to have turned bearish, fell the analysts. Oil price is expected to be $80 per barrel by 2020.

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Janet L Yellen

Rise in low-income jobs makes the job easier for Fed in rate hike

The market analysts, economists say that current situation is favoring the US Fed to take a decision on interest rate hike. The improvement in the labor market in low-income jobs is giving much-needed support to the US Fed.

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US and Yuan notes

China's economic distress is risk to global economy: IMF and ECB

After the market downfall from the previous weeks, IMF and ECB gave a warning on the effects of China's deceleration. Both European Central Bank and International Monetary Fund admonished the risks of economic growth from China's slowdown and other establishing markets.

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Job Hiring

US job gain projections turn spotlight on rate hike

The latest projects indicating job gains in August are giving a much wider scope for US Fed rate hike speculation. According to research firms, non-farm payrolls were up 220,000 in August from 215,000 in July. Unemployment rate is also at 5.2 percent indicating near seven-and-a-half-year low.

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Central London

Currency carnage melting down London property boom

The London property market that's been a favorite global hotspot for years, is fast losing its sheen as British pound becomes stronger, while emerging economies currencies are turning out to be weaker.

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Brokerage house

Volatile Chinese markets drive nervous investors to offload

The Chinese stock market is registering a volatile trading pattern as investors became nervous about the future course of the market. The slowdown in the dragon country's economy growth has become a cause of concern for the investors.

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The U.S. Federal Reserve

Fed-FX swaps with foreign central banks total $240 million in latest week

The Federal Reserve provided $240 million of liquidity to foreign central banks in the latest week via its swap lines for foreign central banks, the New York Fed said on Thursday.

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Wall Street

U.S. S&P 500 stock index hits 2,000 milestone

The U.S. S&P 500 stock .SPX index broke through the landmark 2,000 level on Monday, marking a six year rally which has benefitted many Americans from Wall Street to Main Street.

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Gold Bars

Gold near two-month low; set for weekly drop on interest rate fears

Gold held near a two-month low on Friday and was headed for its worst week in five, hurt by strong U.S. economic data and fears that the Federal Reserve could hike interest rates sooner than expected.

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McDonald's restaurant in Los Angeles

For largest U.S. companies, jobs growth has lagged profits, revenues

Employment growth at the largest U.S. companies has lagged far behind increases in revenue and operating profit since the start of the century, as firms reaped the benefits of globalization, technology, and other ways to operate more productively, according to a Reuters analysis of corporate data.

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 Forever 21 in New York

U.S. consumer spending rises, inflation pressures muted

U.S. consumer spending rose for a fifth straight month in June, but a moderation in price increases suggested the Federal Reserve will not raise interest rates anytime soon.

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Federal Reserve Chair Janet Yellen

Federal Reserve Chair Janet Yellen says central bank has no authority to regulate digital currency

In her testimony before the Senate Banking Committee, Federal Reserve Chair Janet Yellen said that the Fed does not possess any authority to supervise the Bitcoin, The Wall Street Journal blog MoneyBeat reported.

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