Amazon up after FOMC meeting statement
Amazon was up after it announced its Fire Phone and its entry into the cell phone market. The Federal Open Market Committee said that it would cut $10 Billion from its monthly stimulus. Amazon’s reaction helped carry the NASDAQ composite into positive territory.
FOMC meeting Fed Decision will cut $10 Billion a month
Federal Reserve Open Market statement. Will cut an additional $10 Billion from its monthly stimulus policy. Economic activity has picked up . Housing is still slowing. Fed sees significant improvement in employment by projecting a sub 6.0 percent rate for 2015. Outlook stronger for 2015 GDP to 3.2 percent from 3.0 percent. Prior to FOMC […]
Yellen, Lew and Lagarde on their way to Sydney
Federal Reserve Chairwoman Janet Yellen, Treasury Secretary Jack Lew and International Monetary Fund Christine Lagarde are all scheduled to appear in Sydney for the G-20’s Finance Ministers and Central Bankers meeting. – By Julien David
Chairwoman Janet Yellen delivers her first Policy Report and emphasizes continuity
Federal Reserve Chairwoman Janet Yellen confirms the Fed will continue easing. The unemployment rate has not reached the Fed target for a faster pace of tapering yet, currently at 6.6%. The Fed is also targeting an inflation rate of 2.0% The Federal Reserve Chairwoman says she “anticipate(s) that economic activity and employment will expand at […]
Federal Reserve of US tapers $10Billion in monthly Easing
The Federal Reserve of the United States announced it would taper $10 Billion from its monthly purchases. This indicates that quantitative easing is now being rolled back at a fast pace. Current Fed purchasing will be $65 Billion.