Sorry, you are not allowed to register by yourself on this site!
September 27th, 2010 by Financial Writer
President Barack Obama signed legislation that will cut taxes and provide credit help for small businesses, calling it an essential step for job growth in a slow economy.
Small businesses “have borne the greatest brunt of this recession” because of lower demand from consumers and less available credit, Obama said.
The government “can’t create jobs to replace [...]
Tags: business investment, economic recovery, financial system, money, obama administration, stock market, us economy, us treasury
September 25th, 2010 by Financial Writer
Federal Reserve Chairman Ben Bernanke boasted about the improvements new regulations have provided to the old structure in a speech at Princeton University yesterday.
“First, the recent reform legislation has improved the design of the regulatory framework, closing important gaps such as the lack of oversight of the shadow banking system,” he said.
Bernanke also felt the [...]
Tags: Federal Reserve, financial crisis, financial reform, financial system, Global Economy, private bankers, us economy
September 23rd, 2010 by Financial Writer
Paul Volcker, special adviser to President Barack Obama, said on Thursday that while the Federal Reserve’s purchases of long-term Treasuries are “understandable,” the central bank must be careful not to set the stage for future inflation.
The former Federal Reserve chairman, known for slaying inflation in the 1980s by hiking interest rates well into the double [...]
Tags: economic recovery, Federal Reserve, home sales, inflation, interest rates, mortgage market, recession, unemployment
September 22nd, 2010 by Financial Writer
Even though the Federal Reserve drew a bright line under its inflation mandate at its meeting this week, officials will remain keenly focused on the strength of demand in deciding whether to ease again.
The Fed edged nearer to giving the wobbling U.S. economic recovery another shot in the arm on Tuesday by saying it stands [...]
Tags: economic growth, economic indicators, economic recovery, Federal Reserve, financial system, inflation, us central bank, us economy
September 21st, 2010 by Financial Writer
THE NEWS: Members of the Federal Open Market Committee Tuesday kept key interest rates unchanged and deferred taking any new steps to boost the economic recovery, but it hinted it’s becoming uneasy about the outlook for the U.S. economy in 2011 and said it is prepared to provide additional accommodation as needed.
THE DETAILS: Fed officials [...]
Tags: Dow Jones Industrial, economic recovery, financial crisis, financial markets, interest rates, stock market, us economy
September 20th, 2010 by Financial Writer
The yuan climbed to the strongest level since 1993 after President Barack Obama criticized China for not letting its currency strengthen.
China’s leaders haven’t done “everything they said would be done” to allow appreciation, Obama said at an hour-long town hall discussion in Washington. Yuan forwards gained for a fourth day as the dollar weakened against [...]
Tags: Chinese economy, currency market, economic growth, economy recovery, financial markets, financial system, japan's economy, us economy
September 18th, 2010 by Financial Writer
The yen tumbled from a 15-year high versus the dollar and weakened against all of the most-traded currencies after Japan intervened for the first time since 2004 to curb gains that threaten an export-led recovery.
The yen had its biggest weekly decline against the greenback since April after Finance Minister Yoshihiko Noda said on Sept. 15 [...]
Tags: bank of japan, currency market, economists, Federal Reserve, finance minister, financial system, interest rates
September 17th, 2010 by Financial Writer
Treasury Secretary Timothy Geithner this week gave a timid nudge to China to do more about lifting the value of the yuan, which is widely recognized to be kept artificially, and vastly, undervalued to the benefit of Chinese exporters and at the expense of almost everybody else.
Even the International Monetary Fund estimates the yuan to [...]
Tags: Chinese economy, economic growth, economists, european economy, financial crisis, financial system, IMF, us economy, us treasury
September 16th, 2010 by Financial Writer
The dollar held near its highest in a month against the yen on Friday, capped by chart points and expected sales by Japanese exporters but supported by wariness of Japanese yen-selling intervention.
The euro hovered below a one-month high on the dollar and yen after strong demand at a Spanish bond auction and after the Swiss [...]
Tags: currency market, japan's economy, japanese business, Make Money
September 15th, 2010 by Financial Writer
Treasury two-year yields were three basis points away from a record low on speculation Japan will invest proceeds from its yen sales in U.S. government debt.
The notes held a three-day rally as the central bank prepared to buy securities maturing from March 2012 to February 2013 today as part of its plan to spur the [...]
Tags: bank of japan, borrowing, economists, financial system, interest rates, us central bank
more...