The dollar and yen rose Friday after a report showed the U.S. unemployment rate spiked and the economy lost more jobs than expected, stoking concerns about the U.S. economy and restoring safe-haven demand for both currencies.
Is the Fed about to hit the brakes on the Wall Street gravy train?
The Federal Open Market Committee in its statement November 4 left unchanged the language that its ultra-low rates would be kept for "an extended period". By not even signaling an end to the current era of easy money, the central bank runs the risk of further inflating asset and commodity prices and sinking the dollar.
The Bank of England expanded its quantitative easing program by £25 billion, or $41 billion, to £200 billion on Thursday, continuing its unprecedented scheme to revive Britain's recession-hit economy.
The dollar and the yen gained broadly Thursday as the euro and perceived higher risk currencies succumbed to profit-taking ahead of a policy decision by the European Central Bank.
Stocks ended mixed Wednesday, giving up bigger gains after the Federal Reserve kept interest rates unchanged and said it will keep them low for an extended period.
The Federal Reserve kept its key interest rate near zero once again Wednesday. It added in a statement that although the economy continues to improve, it intends to stay the course in recent months.
Government debt was mixed on Wednesday after the Fed said it would keep interest rates near zero and scale back the amount of debt it is buying.
Oil prices stayed above $80 a barrel Wednesday as a government report showed a surprise drop in crude inventory.
Gold pared gains Wednesday after hitting an all time high, but still settled at record levels after the Federal Reserve's latest policy statement came in as expected.
The dollar and yen rose Friday after a report showed the U.S. unemployment rate spiked and the economy lost more jobs than expected, stoking concerns about the U.S. economy and restoring safe-haven demand for both currencies.
Is the Fed about to hit the brakes on the Wall Street gravy train?
The Federal Open Market Committee in its statement November 4 left unchanged the language that its ultra-low rates would be kept for "an extended period". By not even signaling an end to the current era of easy money, the central bank runs the risk of further inflating asset and commodity prices and sinking the dollar.
The Bank of England expanded its quantitative easing program by £25 billion, or $41 billion, to £200 billion on Thursday, continuing its unprecedented scheme to revive Britain's recession-hit economy.
The dollar and the yen gained broadly Thursday as the euro and perceived higher risk currencies succumbed to profit-taking ahead of a policy decision by the European Central Bank.
Stocks ended mixed Wednesday, giving up bigger gains after the Federal Reserve kept interest rates unchanged and said it will keep them low for an extended period.
The Federal Reserve kept its key interest rate near zero once again Wednesday. It added in a statement that although the economy continues to improve, it intends to stay the course in recent months.
Government debt was mixed on Wednesday after the Fed said it would keep interest rates near zero and scale back the amount of debt it is buying.
Oil prices stayed above $80 a barrel Wednesday as a government report showed a surprise drop in crude inventory.
Gold pared gains Wednesday after hitting an all time high, but still settled at record levels after the Federal Reserve's latest policy statement came in as expected.
This statement was posted on the Federal Reserve Web site on Nov. 4, 2009:
The dollar fell Wednesday as a rally on Wall Street undermined demand for the greenback as a safe haven.
Oil erased earlier losses and gained on Tuesday as investors responded to Warren Buffett's $44 billion investment in U.S. railway operator Burlington Northern Santa Fe.
Bond prices were mixed on Tuesday afternoon as investors await a statement from the Federal Reserve on monetary policy due Wednesday and monthly jobs data due Friday.
U.S. stocks were set to slide at Tuesday's open, as investors remained on edge at the start of the Federal Reserve's two-day policy meeting.
U.S. Treasurys fell Monday after stronger-than-expected data on manufacturing, construction and home sales spurred hopes of a solid economic recovery and dented demand for safe-haven U.S. debt.
Now that we're officially (if barely) out of the Great Recession, it's time for our nation's elected officials to get down to serious business -- that of taking credit, assigning blame, and calling each other liars.
World stocks added to the previous week's losses on Monday, hugging one-month lows as investors pulled back from a more than seven month rally and prepared for the eventual withdrawal of stimulative monetary policy.
A growing number of Americans are becoming aware of the Federal Reserve System, what it is, how it has precipitated our financial crisis, and how it continues to pursue policies that delay economic recovery and weaken the dollar.
Now that the economy has broken its four-quarter long slump, will Federal Reserve chairman Ben Bernanke be more open to the idea of raising interest rates sometime soon?
Treasurys fell Monday after the government kicked off a record weekly offering of $123 billion in U.S. debt.
U.S. Treasury debt prices eased Friday as investors maneuvered to cut prices ahead of next week's record-large wave of government notes supply.
Federal Reserve chairman Ben Bernanke said Friday that the turmoil in the financial system is "abating," but urged lawmakers to enact comprehensive reforms to help prevent future crises.
Bond prices fell Wednesday after the Federal Reserve released its latest report showing signs of a stabilizing economy.
The economy has shown signs of stabilizing or modestly improving in recent weeks, according to the latest Federal Reserve snapshot of regional economic conditions.
The dollar rose against major rivals Tuesday after euro zone officials said they support a stronger greenback.
This is a quiz. What do the record-high Wall Street bonuses have in common with the record-low yields for savers?
Currency investors continue to remain concerned that the U.S. Federal Reserve will hold rates near zero and that the dollar could lose its place as the world's dominant reserve currency.
U.S. Federal Reserve Chairman Ben Bernanke warned on Monday that pursuit of export-led growth by Asian nations could lead to a reemergence of global trade imbalances and undercut efforts to achieve more durable growth.
So far, so good. But next week brings the first big test for corporate profits.
Treasurys eased Thursday as investors digested the latest readings on inflation, labor and manufacturing.
A smaller rise in energy prices resulted in a slower increase in overall prices in September, according to a government report Thursday.
The dollar fell to multi-month lows against the euro and commodity currencies on Thursday as policymaker comments reinforced views U.S. interest rates would stay lower for longer than those of other major countries.
Treasurys fell Wednesday as upbeat corporate earnings sparked a rally in stocks and on the release of meeting minutes from the Federal Reserve.
Most Federal Reserve policymakers believe that an economic recovery has started, although they view the turnaround as weak enough that some want the central bank to take additional steps to stimulate the economy, according to minutes of a meeting last month that were released Wednesday.
Treasury prices rose Tuesday as a weak dollar encouraged overseas investors to buy U.S. debt.
U.S. Treasury debt prices sank Friday after the Federal Reserve said it would not let the current era of easy money get out of hand, raising fears it was closer to hiking interest rates than previously thought.
The dollar rose broadly Friday after Federal Reserve Chairman Ben Bernanke said the central bank will be ready to tighten monetary policy as an economic recovery takes hold.
World oil consumption will rebound next year as the global economy recovers from a deep slump, according to a report released Friday.
The Federal Reserve threw a lot of money at the crisis to get the gears of the economy turning again -- but it may soon be time to collect on the bill.
The dollar fell against its major rivals Thursday as investors flocked to higher yielding assets such as stocks and commodities on better-than-expected earnings results and jobs data.
Federal Reserve Chairman Ben Bernanke on Thursday endorsed most of the Obama administration's plan to overhaul the regulatory system, except for a consumer agency.
Treasurys were mixed Tuesday, with the 30-year bond rising following a surprise drop in consumer confidence, while shorter-term debt was pressured by concerns about the Federal Reserve's interest rate policy.
Stocks slumped Thursday, falling for the second straight session, as a surprise drop in existing home sales and tumbling commodity prices gave investors a reason to sell into a rally that pushed the major gauges to one-year highs.
The Federal Reserve kept interest rates near zero on Wednesday and said the economy is improving. But the Fed also pointed out ongoing job losses could dampen a recovery.
The Federal Reserve is going to keep interest rates near zero for the foreseeable future. That much is certain.
Oil prices tumbled below $68 a barrel Wednesday after the government reported a surprise increase in crude supplies and the Federal Reserve left interest rates unchanged.
Treasurys mostly rose Wednesday after the Federal Reserve announced plans to hold interest rates steady and the market absorbed an auction of $40 billion in U.S. debt.
Stocks tumbled Wednesday, retreating from one-year highs, as investors took a sell-the-news reaction to the Fed's decision to hold interest rates steady and keep its economic outlook relatively unchanged.
This statement was posted on the Federal Reserve Web site on Sept. 23, 2009:
The dollar hovered near a one-year low Wednesday after the Federal Reserve left a key interest rate unchanged near 0%, though it said "economic activity has picked up."
U.S. stocks were headed for modest gains Wednesday as investors awaited the Federal Reserve's policy statement due out in the afternoon.
Whose recovery is the Fed stimulating, anyway?
U.S. stocks were set to open higher Tuesday, following the lead of a European rally ahead of the start of the Federal Reserve's two-day policy meeting.
Federal Reserve Chairman Ben Bernanke has said that the recession is "very likely over," but the Fed isn't acting like we're in a recovery.
Falling commodity prices and financial shares dragged on blue chips Monday, keeping the market choppy after a more than six-month advance.
With little on the docket to challenge investor optimism, the defiantly bullish stock market is looking to extend its staggering run in the week ahead.
Are there any mirrors in the headquarters of the Federal Reserve? If so, I think it's time for Ben Bernanke and his colleagues to look into one.
It's been 12 months since Lehman Brothers failed, setting off a chain reaction that came horrifyingly close to destroying the world's financial system.
As government regulators switch from crisis-mode to rescue mode, many of the biggest and most successful bailout programs are well on their way to extinction. But there are plenty of others that are gaining momentum as the economy heads toward a recovery.
A key bank-to-bank lending rate fell to its lowest point on record Wednesday, signaling continued easing of the once-frozen credit markets.
Most of the time we keep our political opinions and our investing decisions in separate mental compartments. Sure, some folks buy "socially responsible" mutual funds to match the bumper stickers on their Priuses, but they're in the minority. And even they probably don't think that their political sentiments will make them an extra nickel.
Are gold investors starting to sense something wrong that others are missing?
Although the recession isn't officially over yet, there is a growing sense that the economy is now in a recovery. But there is also a growing debate about who deserves the credit.
Federal Reserve policymakers were pleased by signs of improvement in the U.S. economy but added that the recovery is still fragile, according to the minutes of their most recent meeting.
An increasing number of economists agree with the government's response to the recession, saying they believe the economy is on the road to recovery, according to a survey released Monday.
For an academic from Dillon, S.C., Ben Bernanke is an unlikely gunslinger.
The dollar continued to lose ground Friday at the end of a week in which it became cheaper for banks to borrow in yen than dollars for the first time in 16 years.
President Obama announced Tuesday that he plans to nominate Ben Bernanke to a second term as head of the Federal Reserve.
Treasury prices bounced around breakeven on Tuesday as Wall Street climbed higher and the first of three debt auctions slated for the week was met with solid demand.
President Obama is expected to nominate Ben Bernanke to a second term as head of the Federal Reserve, a senior administration official told CNN Monday night.
Stocks surged Friday, with the Dow, Nasdaq and S&P 500 all ending at fresh 2009 highs, after Fed chief Ben Bernanke said the economy is near a recovery and existing home sales posted their biggest jump in two years.
Federal Reserve Chairman Ben Bernanke said that the U.S. economy is about to start growing again, although he cautioned it will be a slow recovery with continued high unemployment in the near term.
The Federal Reserve clearly isn't rushing for the exits any time soon.
The government's index of prices paid by consumers was unchanged in July from the previous month, but the closely watched inflation gauge recorded its largest over-the-year decline in 59 years.
Treasury prices rose Thursday after the government sold $15 billion worth of 30-year bonds and a pair of weaker-than-expected economic reports vied with the Federal Reserve's more optimistic outlook.
Home mortgage rates were mixed this week as the Federal Reserve began easing away from its repurchase of Treasurys.
U.S. stocks were poised to open higher Thursday, buoyed by the Federal Reserve's economic outlook, but lost momentum in the face of an unexpected decline in retail sales and an increase in jobless claims.
Treasury prices turned mixed Wednesday, with 2-year notes edging up slightly, on a day in which the Federal Reserve said it would slow the pace of its purchases of long-term securities and a 10-year note auction drew firm demand.
Stocks sustained gains Wednesday after the Federal Reserve held interest rates near historic lows and signaled the economy has finally started to stabilize.
The Federal Reserve said Wednesday it appears that the U.S. economy has halted the longest period of decline since the Great Depression, although it cautioned that economic activity is likely to remain weak in the near term.
This statement was posted on the Federal Reserve Web site on August 12, 2009.
U.S. stocks were poised for a flat open Wednesday, as investors looked to the Federal Reserve's policy statement later in the day for an indication of the economy's status.
Suddenly, it seems, economists everywhere are starting to talk about the end of the recession.
The Federal Reserve has spent the past year cleaning up after a housing bubble it helped create. But along the way it may have pumped up another bubble, this time in stocks.
Stocks slumped Tuesday, with a pummeling in bank shares and jitters ahead of a Federal Reserve announcement giving investors a reason to retreat.
U.S. stocks were poised for a lackluster open Tuesday, as the Federal Reserve's two-day policy meeting and a three-day Treasury auction both get underway.
Stocks slipped Monday as investors pulled back ahead of a two-day Federal Reserve meeting and following a big rally that pushed the Dow and S&P 500 to 9-month highs.
Wall Street has spiked nearly 50% in less than five months -- and that's both good and bad.
Is the Chinese economy in the same state as the American economy was in the summer of 2007? In other words, all pumped up and ready to pop?
After two years of pumping money into the financial system to keep the economy afloat, Fed Chairman Ben Bernanke will have to reverse the process or risk an opposite problem: inflation.
The independent overseer of the $700 billion bailout has caused a ruckus over an important question: How much do taxpayers have on the line?
One of the signature proposals in the Obama administration's efforts to reshape the regulatory framework for banks has been slowed as supporters regroup in the midst of mounting opposition.
Federal Reserve Chairman Ben Bernanke said Sunday that lessons learned from the recession and the financial crisis will help make the economy stronger than it was before the crisis.
Ben Bernanke is showing us the door. In a newspaper editorial and Congressional testimony on Tuesday, the Federal Reserve chairman detailed the central bank's strategies for sucking excess liquidity out of the economy when it begins to recover. His stratagems make sense, but will require expert timing.
Speculation that Ben Bernanke might very well be appointed for a second-term as Federal Reserve Chairman when his term expires in January 2010 has to remind one of Washington's Alice in Wonderland-like quality.
Federal Reserve chairman Ben Bernanke has a major problem on his hands. He is doing his best to try and save the economy from slipping further into recession. But he may have to sacrifice the U.S. dollar in the process.
Federal Reserve Chairman Ben Bernanke told lawmakers Tuesday that the economy has started to show signs of stabilization, although he cautioned that improvement is uncertain and likely to be gradual going forward.
The independent overseer of the $700 billion bailout has caused a ruckus over an important question: How much do taxpayers have on the line?
The economy seems to be getting better. That's what Wall Street is telling us. Stocks soared Wednesday thanks to a slew of decent earnings reports.
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