US Federal Reserve

Founded in 1913, the Federal Reserve is the central banking system for the United States.

US Fed likely to raise interest rates later this year, Yellen tells Congress

Federal Reserve Chair Janet Yellen sees a number of encouraging signs that the economy is reviving. Photo: Reuters

Federal Reserve Chair Janet Yellen says if a number of encouraging signs that the economy is reviving stay ontrack, the Fed will likely start raising interest rates later this year.

Wednesday, 15 July, 2015, 9:34pm

US Fed may be less patient than market believes

Traders in New York monitor a screen showing US Federal Reserve chairman Janet Yellen which will determine this year an interest rate rise. Photo: AP

The market seems to be betting that the Federal Reserve is going to steal a page from China’s playbook.

But unlike China, which is trying to put off the inevitable by, among other things, banning some executives from selling stock for six months, investors are now betting that the Fed has shelved any interest rate rise until 2016.

10 Jul 2015 - 4:06pm 1 comment

Forget normalised US rates, the Greenspan Put is here to stay

 Janet Yellen would be confronted with hordes of screaming speculators if rates were normalised. Photo: EPA

Investors should circle July 15 on their calendars. That is the day United States Federal Reserve chairman Janet Yellen will give her semi-annual testimony to the House of Representatives financial services committee.

SCMP, July 6

 

6 Jul 2015 - 5:36pm 6 comments

Fed policy in Capitol letters?

Janet Yellen expressed a degree of uncertainty last month as to whether US consumers were yet confident enough to spend. She was then unaware that US consumer spending rose 0.9 per cent in May, its largest increase in nearly six years. Photo: Xinhua

Investors should circle July 15 on their calendars. That is the day Federal Reserve chairman Janet Yellen will give her semi-annual testimony to the US House of Representatives' financial services committee.

5 Jul 2015 - 5:26pm 2 comments

US Fed believes rate rise in June premature, delays increase

US Federal Reserve chair Janet Yellen at a meeting in Washington as the central bank decided an interest rate increase is premature. Her speech on Friday is now being awaited by markets to provide direction on the Fed's next move. Photo: AP

Federal Reserve officials believed it would be premature to hike interest rates in June even though most felt the US economy was set to rebound from a dismal start to the year, according to minutes from their April policy meeting released on Wednesday.

21 May 2015 - 8:06am 1 comment

A million reasons why US dollar still a good bet

Janet Yellen says the strength of the dollar also in part reflects the strength of the US economy. Photo: Reuters

Why US dollar still a good bet

17 Apr 2015 - 3:56pm

End of US bond rally looms as Fed prepares for rate rises

Recent US economic activity has been slowed by cold weather factors, but underlying growth remains strong. Photo: AP

End of US bond rally looms as Fed prepares for rate rises

22 Mar 2015 - 7:26pm

US Fed official says mid-year time for serious discussion on raising rates

The offices in Washington of the US Federal Reserve, which is inching closer to considering raising interest rates by the middle of 2015. Photo: AFP

Federal Reserve policymakers should not wait too long to raise interest rates, a top US central banker said on Thursday, because doing so could mean "drastically" overshooting on inflation and forcing the Fed to hike rates dramatically.

6 Mar 2015 - 5:40pm

What does complacency over a ‘Grexit’ say about today’s markets?

The last time the US Federal Reserve began tightening monetary policy was in 2004. Photo: Bloomberg

Much has changed in Europe’s single currency area since the height of the bloc’s financial crisis in the spring of 2012.

26 Feb 2015 - 11:58am

Asian shares rise after Yellen stresses policy flexibility

Federal Reserve Chair Janet Yellen suggested the Fed would not rush into raising interest rates. Photo: Xinhua

Asian stocks rose on Wednesday thanks to gains on Wall Street after Federal Reserve Chair Janet Yellen suggested the Fed would not rush into raising interest rates, a reassuring signal for investors worried about a deteriorating global outlook.

Hong Kong's Hang Seng Index was up 0.37 per cent at 24,841.93 as of 1.45pm. 

25 Feb 2015 - 1:46pm 1 comment

Fed says on track to raise rates in 2015, US economy expanding solidly

US Federal Reserve chair Janet Yellen gestures as the agency announced it is on track in raising interest rates in 2015. Photo: Reuters

The Federal Reserve said the US economy was expanding "at a solid pace" with strong job gains in a signal that the central bank remains on track with its plans to raise interest rates this year.

The Fed repeated it would be "patient" in deciding when to raise benchmark borrowing costs from zero, though it also acknowledged a decline in certain inflation measures.

29 Jan 2015 - 8:39am

Fed signals rates rise on track for next year

Janet Yellen clarifies the central bank's decision to take a 'patient' approach in deciding when to increase borrowing costs. Photo: Reuters

The US Federal Reserve offered a strong signal that it was on track to raise interest rates sometime next year, altering a pledge to keep them near zero for a "considerable time" in a show of confidence in the American economy.

19 Dec 2014 - 6:54am

US Fed debates communicating pace of future US interest rate increases

Fed debates pace of future rate increases

United States central bankers are weighing whether they should communicate more of their views about the probable pace of interest-rate increases after they lift off zero next year.

21 Nov 2014 - 7:21am

Fed goals diverge as inflation, jobs clash

Economists are split over whether the Fed will dismiss a shortfall in its inflation goal in the decision over rate rises. Photo: Bloomberg

Just when Federal Reserve chairman Janet Yellen and her colleagues approach a decision to raise interest rates, their two mandates will probably be pulling them in different directions.

20 Nov 2014 - 9:33am

Fed rate rises fail to deter investors in long bonds

The US Federal Reserve is set to raise interest rates. Photo: Reuters

For all the talk that US Treasuries will tumble once the Federal Reserve starts to raise interest rates, investors in the longest-dated debt securities are finding little cause for concern.

11 Nov 2014 - 5:33am

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