A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors of the Federal Reserve System in Washington, D.C., on Tuesday, July 29, 2014, at 10:00 a.m. and continued on Wednesday, July 30, 2014, at 9:00 a.m.
Janet L. Yellen, Chair
Results of the Summer 2014 Survey
The summer Business Outlook Survey continues to offer some encouraging signs for the economic outlook, although lingering uncertainty amid intense competition still hinders the pace of growth.
Overall, the outlook of businesses has not changed materially from the spring survey. While responses suggest a more modest improvement in past […]
At its meeting today, the Board decided to leave the cash rate unchanged at 2.5 per cent.
Growth in the global economy is continuing at a moderate pace, helped by firmer conditions in the advanced countries. China’s growth slowed a little earlier in the year but remains generally in line with policymakers’ objectives. Commodity prices […]
The Ifo Business Climate Index for industry and trade in Germany fell to 109.7 points in June from 110.4 points last month. Assessments of the current business situation remained good, but companies were less optimistic about future business developments. The German economy fears the potential impact of the crises in the Ukraine and Iraq.
International Economic Conditions
Global economic and financial market developments had been somewhat more positive over the past month or so. Whereas the situation had been looking quite negative in early December, recent actions by the European Central Bank and euro-area governments had boosted confidence, although further measures would be required to bring about a comprehensive […]
Weekly Commitment of Traders Report
The Commodity Futures Trading Commission, or CFTC, publishes the Commitment of Traders report (COT) every Friday. The COT report reveals the net long and short positions taken by speculative traders and commercial traders, it is an excellent resource to gauge how heavily these big pockets are positioned in […]
Absence of a Viable Plan to Stabilize Europe
Asian stock markets opened lower slightly higher after the latest economic data showed U.S. weekly jobless claims declined to the lowest level since April, and the trade deficit shrank in September to its narrowest level since December. NIKKEI started the day at 8,545.92, previous close […]
AUD Gains After Surprise Fall in Unemployment Rate
EUR/USD o rallied yesterday to 1.3830 on hopes Slovakia would eventually approve an expansion of the euro zone rescue fund critical to containing the region’s debt crisis. A day after a junior party blocked its passage, Slovakian lawmakers struck a deal to ratify a plan […]
Troika Experts In Greece are Likely To Complete Economic Review Today
Last week the IMF had dismissed a statement by the Greek government that the deal on aid was already completed. Greek Finance Minister Evangelos Venizelos said that Greek lawmakers will vote in the latest round of austerity measures before the country qualifies […]
USD Gains Before President Obama’s Speech
According to the latest data released by Cabinet Office showed that Japan’s core machinery orders tumbled in July. Core machinery orders fell 8.2% in July from the previous month due to declines in orders from manufacturers and service sector firms. That compared with a median market forecast […]