The yen and the dollar gained against most major counterparts as signs the global economic recovery is faltering fueled demand for the safest currencies.
The Japanese currency remained the top performer among the most-traded currencies even after data showed U.S. jobless claims declined last week. Stocks fell on concern Europe’s debt crisis is worsening. Federal Reserve [...]
Posts Tagged ‘us federal reserve’
Yen, Dollar Advance on Speculation Economic Recovery Sputtering
June 24th, 2010 by Financial Writer
Tags: commerce department, debt crisis, economic recovery, financial system, Global Economy, home sales, unemployment, us, us economic, us federal reserve
more...Gold Rises to Record on Haven Demand Amid U.S., Europe Concerns
June 18th, 2010 by Financial Writer
Gold futures rose to a record $1,260.90 an ounce on demand for a haven amid Europe’s fiscal woes and dimming prospects for the U.S. economy.
The metal has climbed 15 percent this year, outperforming equities and bonds, while the euro has slumped 14 percent. A majority of Greeks believe the country may go bankrupt, an opinion [...]
Tags: economists, euro zone, european economy, financial, money, precious metal, us economy, us federal reserve, us recovery
Industrial Production in U.S. Increased 1.2% in May
June 16th, 2010 by Financial Writer
Production in the U.S. rose in May by the most since August, led by increases in automobiles and utilities and showing manufacturers are weathering the effects of the European debt crisis.
Output at factories, mines and utilities increased 1.2 percent last month after a 0.7 percent gain in April, figures from the Federal Reserve in Washington [...]
Tags: business, commerce department, economy recovery, european economy, Global Economy, interest rates, us federal reserve, us housing market
Dems, Wall Street water down financial reform
January 5th, 2010 by Financial Writer
“I have nothing to say except I know how Britney Spears feels,” said Rep. Barney Frank on Sept. 27, 2008, after yet another day in which a pack of journalists followed his every move.
In the frenzied early reckoning of the financial crisis, Frank, the 15-term Massachusetts Democrat known for being the second openly gay member [...]
Tags: banking industry, financial crisis, financial reform, legislators, us federal reserve, wall street
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