Financial markets
Australian bond and currency markets marked time on Monday, with traders and dealers awaiting the outcome of the US Federal Reserve's open market committee meeting. The local dollar inched higher to 74.31 US cents, benefiting from stronger global gold prices and the New Zealand Government's
United States. Federal Reserve Board
Federal Reserve Chairman Alan Greenspan revealed to a congressional panel that the central bank relies on a broad range of models, statistics, and anecdotal evidence from business groups to gauge the economy's strength and forecast inflation. This approach has become necessary due to the changing nature of the
United States. Federal Reserve Board
Federal Reserve Chairman Alan Greenspan testified before a House subcommittee on monetary affairs, stating that advanced technology has made it harder for the central bank to measure the economy and set interest rate policy. Greenspan acknowledged the challenges involved in forecasting the economy's path and gauging its strength,
Greenspan, Alan
Federal Reserve Chairman Alan Greenspan's statements to the Senate Banking Committee sparked concerns that the central bank may not have done enough to control inflation, leading to a drop in American stock and bond markets. Greenspan emphasized that the uncertainty surrounding inflation remains, and the recent increases in
Greenspan, Alan
Federal Reserve Chairman Alan Greenspan's testimony before Congress, in which he refused to rule out further interest rate increases, led to a decline in the financial markets. The Dow Jones industrial average fell 21.04 points to 3,727.27, while the Standard & Poor's 500
United States. Federal Reserve Board
The recent articles and analyses on the economy by experts, including Lester Thurow, have left some investors with a sense of unease. As a mutual fund investor, Walter Dorwin Teague Jr., a retiree from Nyack, N.Y., shares his personal experience with the economic policies of the new Administration and
United States. Federal Reserve Board
Stock prices in New York initially softened ahead of the Federal Reserve's meeting on Tuesday, but quickly recovered as investors engaged in anticipatory bargain hunting, anticipating a potential interest-rate hike. The Dow Jones industrial average and S&P 500-stock index both turned higher, with the Dow up
United States. Federal Reserve Board
The U.S. Federal Reserve Board's decision to raise short-term interest rates by a quarter of a percentage point has sent North American investors into a panic, with the Dow Jones industrial average plummeting 41.05 points and the Toronto Stock Exchange 300 composite index falling 71.89
United States. Federal Reserve Board
In a surprise move, the Federal Reserve raised short-term interest rates for the third time this year, increasing the Federal funds rate to 3.75 percent from 3.5 percent. This decision, announced by Fed Chairman Alan Greenspan, aims to curb inflation and keep the economy growing at a moderate
Financial markets
The Federal Reserve's decision to raise short-term interest rates in the first quarter of 1994, after a three-year period of low interest rates, had a significant impact on the stock market. As former Fed Chairman William McChesney Martin once said, the central bank inevitably has to "take
Financial markets
In a surprise move, Alan Greenspan, chairman of the Federal Reserve, raised short-term interest rates for the second time in two months, sparking market jitters and questioning the central bank's prestige. The decision to raise the federal funds rate by another quarter point, to 3.5 per cent,
United States. Federal Reserve Board
In a move that aims to curb inflationary pressures, the Federal Reserve voted to increase short-term interest rates, a decision that resulted in a steep decline in long-term interest rates. This unusual announcement made by the central bank today for the second time in less than seven weeks signifies its
