from the Cleveland Fed
The federal funds target range has been zero to one-quarter percent since late 2008. But a number of signs suggest that change may be drawing near. In their projections made for the March 2015 meeting, all but two Federal Open Market Committee (FOMC) participants believed that it would be appropriate to increase the federal funds rate target range in 2015. In their post-meeting statement, the Committee anticipated that "it will be appropriate to raise the target range for the federal funds rate when it has seen further improvement in the labor market and is reasonably confident that inflation will move back to its 2 percent objective over the medium term."
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Millions of people across the UK and northern Europe have been witnessing a solar eclipse.The last time it happened was in 1999, but at that time a total eclipse of the sun was not visible anywhere in the UK. The proportion of the sun covered by the moon was 97% in the far north of Scotland - and 84% in London.
Infographic Of The Day: A Guide To Spanish Tapas
We all love to tuck into the varying and delicious tapas meal, but have you ever considered where these dishes come from in Spain?
FOREX NEWS by DailyForex
Asian stocks were mixed on Friday as rising tensions in the Middle East obscured the investment outlook, while the dollar rebounded.
It may be counter-intuitive to consumers, but economists and central bankers believe that a little inflation in an economy is a good thing.
The latest Markit composite Purchasing Managers’ Index (PMI) for the Eurozone suggests that business output in the 19 member bloc is growing at its fastest rate for almost four years.
A growing crisis in Yemen has fueled concerns that the Middle East is on the verge of becoming a powder keg for geopolitical tensions which has sent investors rushing to safe haven currencies like the Japanese Yen and the Swiss Franc.
Brent crude oil price surged $3 in Asian trading on Thursday after Saudi Arabia and its Gulf Arab allies began a military operation in Yemen. Asian importers, however, said they were not immediately worried about supply disruptions.
by Professor Yu Xiong, The Conversation
China"s leadership of a new global financial institution, the Asian Infrastructure Investment Bank (AIIB) is proving divisive. This month has seen a number of European countries apply to be founding members, including the UK, France and Germany, to the chagrin of the US. Now, however, the US is proposing that the bank work in a partnership with the development institutions where it takes the lead, such as the World Bank and Asian Development Bank.
by Charles Hugh Smith, Of Two Minds
History is rather unkind to blind faith in central banks, just as the rising U.S. dollar and stagnant sales are being very unkind to corporate profits.
27Mar2015 Market Close: U.S. Averages Ended Session With Fractional Gains On Low Volume While WTI Oi
27Mar2015 Market Update: Markets Start Afternoon Session In The Green, U.S. Dollar Off Highs, WTI Oi
27Mar2015 Pre-Market Commentary: Markets Expected To Open Lower, Oil Prices Falling, U.S. Dollar Res
from the New York Fed
The Federal Reserve Bank of New York today released results from its February 2015 SCE Credit Access Survey, which provides information on consumers" experiences and expectations regarding credit demand and credit access. The release shows little change in application rates for credit over the last twelve months, but a decline in rejection rates, particularly for credit card limit increases. The expectations component of the survey shows an increase in the average likelihood of applying for credit over the next 12 months for all five credit products; the increase is most pronounced for mortgage refinance requests.