Economy News
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Fed officials dampen talk of imminent bond buying cutback
NEW YORK/FRANKFURT - Two senior Federal Reserve officials on Tuesday played down the chances that the central bank would signal a readiness to reduce its bond buying at its meeting next month, dampening speculation the Fed's ultra-easy monetary policy might end soon. | Video
Fed's Bullard recommends euro zone consider QE
FRANKFURT - A top Federal Reserve official urged the European Central Bank on Tuesday to consider employing a U.S.-style quantitative easing program to counter slowing inflation and recession in the euro zone.
Fed's Bullard: don't see support for negative rates
FRANKFURT - There is not sufficient support to take interest rates into negative territory in the United States, a top Fed official said on Tuesday.
Debt limit resets at higher level, budget impasse grinds on
WASHINGTON - The government added $306 billion in new debt during a four-month suspension of the federal borrowing limit, the Treasury Department said on Monday, but there was no sign on Capitol Hill of any movement toward a budget compromise.
Fed could end bond buys in autumn if jobs outlook sure: Evans
CHICAGO - The Federal Reserve could continue full-speed ahead on its bond-buying program through the summer, but end it abruptly in the autumn if by then it is confident that the improvement in the jobs outlook is here to stay, a top Fed official said on Monday.
Fed's Williams does not comment on economic outlook, policy
- San Francisco Federal Reserve President John Williams did not comment on the outlook for the U.S. economy or monetary policy in an address on Monday to students graduating from the University of California, Berkeley.
IMF says Washington cutting budget deficits too quickly
WASHINGTON - The International Monetary Fund on Monday said the United States was getting carried away with a government austerity drive, offering some of the institution's bluntest criticism yet of Washington's rush to cut its budget deficit.
Analysis: Shrinking deficit reduces pressure for budget deal
WASHINGTON - The chances of a deal between Democratic and Republican lawmakers that would overhaul the tax system, trim government spending and reform safety net spending programs appear to be fading.
Lower inflation not yet bothering Fed's Dudley
NEW YORK - New York Federal Reserve President William Dudley said on Tuesday he is not yet concerned about weaker U.S. inflation readings because, importantly, inflation expectations have not fallen and remain near the U.S. central bank's 2-percent target.
BOJ holds steady despite bond turmoil, upgrades economic outlook
TOKYO - The Bank of Japan kept policy steady on Wednesday despite concerns over recent volatility in bond market, saying growth is starting to pick up even as risks loomed from an uncertain global outlook.
Markets
- U.S.
- Europe
- Asia
- Sectors
| DOW | 15,387.58 |  +52.30 |
+0.34% |
| S&P 500 | 1,669.16 | +2.87 |
+0.17% |
| NASDAQ | 3,502.12 | +5.69 |
+0.16% |
| TR US Index | 151.47 | +0.24 |
+0.16% |
Sector Summary
| Energy | +0.12% |
| Basic Materials | +0.23% |
| Industrials | +0.35% |
| Cyclical Goods & Services | +0.28% |
| Non-Cyclical Goods & Services |  -0.01% |
| Financials | +0.31% |
| Healthcare | +0.67% |
| Technology | +0.02% |
| Telecoms | -0.14% |
| Utilities | +0.04% |
What to expect from Bernanke testimony and Fed minutes this week
Fed Chairman Ben Bernanke testifies this week while minutes of the central bank's last meeting will offer clues into the debate over a possible curbing of Fed stimulus.
JGBs turn negative on day after BOJ stands pat
TOKYO, May 22 - Japanese government bond prices erased earlier gains and fell on the day on Wednesday after the Bank of Japan refrained from taking any measures to stem a rout in the bond market in the past month and a half.
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