Federal Reservations

David Zeiler writes: The Federal Open Market Committee (FOMC) is scheduled to issue a statement at 2:15 pm. today (Tuesday), but don't expect anything other than more empty rhetoric. Indeed, with few options remaining, the Fed is expected to produce little more than a statement designed to reassure the markets following today's meeting.

Originally from The Market Oracle

Earlier this month, the Federal Open Market Committee released its latest statement regarding the economy. Although there were some differences in the November statement, the Fed’s view on inflation is consistently different from reality. As consumers already know, inflation is on the rise. Protecting themselves by allocating a portion of their portfolio in gold may be the best decision one can make for the next several years.

Originally from The Market Oracle

WASHINGTON (Reuters) - The Federal Reserve plans on sending Congress "legislative recommendations" on how to help the housing market recover, Senator Dianne Feinstein said on Thursday after a meeting with Fed Chairman Ben Bernanke.

Originally from Reuters: Business News

Wall Street takes a wait-and-see attitude as the Federal Reserve prepares to conclude its two-day policy meeting.

Originally from MarketWatch

SAN FRANCISCO (MarketWatch) -- KeyCorp said Friday that it will offer $625 million in common shares as part of its plan to repurchase the $2.5 billion in preferred stock held by the Treasury Department after the Federal Reserve did not object to its capital plan. KeyCorp's board will also consider raising the second-quarter dividend to 3 cents a share from a penny when it convenes in May.

Originally from MarketWatch

NEW YORK (Reuters) - The Federal Reserve Bank of New York said on Friday it had received American International Group Inc's offer to buy back residential mortgage-backed securities taken over at...

Originally from Reuters: Business News

NEW YORK (MarketWatch) -- U.S. stocks on Wednesday retreated a bit from a striking run that has the averages up more than 5% this year, with Federal Reserve Chairman Ben Bernanke's testimony coming up. "The market has lacked a domestic catalyst to trigger selling. That makes it difficult to call this 'climbing a wall of worry.' If nothing else, the market has climbed a wall of optimism," said Marc Pado, U.S. market strategist at Cantor Fitzgerald. The Dow Jones Industrial Average fell 3.18 points to 12,229.97. The Standard & Poor's 500 Index was off 2.51 points at 1,322.06. The Nasdaq Composite Index slid 3.39 points to 2,793.66.

Originally from MarketWatch

CHICAGO (Reuters) - Two top Federal Reserve officials offered differing views on monetary policy on Tuesday, with one warning the Fed's ultra-easy stance may soon backfire, and the other saying he is...

Originally from Reuters: Business News

With the Federal Reserve expected to keep interest rates at a near record low, increases in money supply over the past few years to support artificial demand to boost the U.S. economy and excessive borrowing by the Federal government pushing the deficit north of $1 trillion per year, inflation is likely to be inevitable.  As a result, iShares recently announced plans to launch a new international sovereign debt fixed-income exchange-traded fund (ETF) that includes debt from the U.S. … [visit site to read more]

Originally from DailyMarkets.com

WASHINGTON (Reuters) - U.S. employment fell for a third straight month in August, but the drop was far less than expected and private hiring surprised on the upside, easing pressure on the Federal Reserve to prop up economic growth.

Originally from Reuters: Business News