Post Tagged with: "interest rates"

Source: CNBC

Fed picks its side in inflation debate and sends market a message — no rate hikes for years

CNBC


The Fed does not expect to see inflation pick up for years, and it is willing to keep rates at zero even after it does.

Stocks initially surged after the Fed released its post-meeting statement and its latest economic …

September 17, 2020 - 3:30 pm Closing Bell Story‎, Economy, Finance
Source: CNBC

Powell announces new Fed approach to inflation that could keep rates lower for longer

CNBC


The Federal Reserve announced a major policy shift Thursday, saying that it is willing to allow inflation to run hotter than normal in order to support the labor market and broader economy.

In a move that Chairman Jerome Powell

August 27, 2020 - 3:30 pm Closing Bell Story‎, Economy, Finance
Source: CNBC

Fed sees interest rates staying near zero through 2022, GDP bouncing to 5% next year

CNBC


The Federal Reserve kept interest rates near zero and indicated that’s where they’ll stay as the economy recovers from the coronavirus pandemic.

Along with the rate decision, central bankers projected Wednesday that the economy will shrink 6.5% in 2020, …

June 10, 2020 - 2:30 pm Economy, Finance, Regulatory
Source: CNBC

Powell says more policy help may be needed to pull the US out of economic downturn

CNBC


Federal Reserve Chairman Jerome Powell said Wednesday that policymakers may have to use additional weapons to pull the country out of an economic mire that has cost at least 20 million jobs and caused “a level of pain that …

May 13, 2020 - 3:00 pm Closing Bell Story‎, Economy, Finance, Regulatory
Oil’s Post-Crash Bounce Fades as Buy-the-Dip Proves a Bust: Kemp

Oil’s Post-Crash Bounce Fades as Buy-the-Dip Proves a Bust: Kemp

From Reuters


Oil prices have continued to drift lower after plunging last week, highlighting the risk for traders trying to exploit mean-reversion strategies by buying futures contracts after a sharp fall in prices.

Front-month Brent futures prices tumbled by more …

Oil Rises as U.S. Crude Stocks Fall Again, Fed Cuts Interest Rates

Oil Rises as U.S. Crude Stocks Fall Again, Fed Cuts Interest Rates

From Reuters


Oil prices rose for a fifth day on Wednesday following a larger-than-expected drop in U.S. inventories and after the Federal Reserve cut U.S. interest rates for the first time in more than a decade.

The front-month Brent crude …

Higher Gasoline Costs Sent Consumer Price Index Soaring in April - 360

Higher Gasoline Costs Sent Consumer Price Index Soaring in April

Higher gasoline costs sent consumer price index soaring in April

May 10, 2019 - 10:53 am Closing Bell Story‎, Finance, Press Releases
Wall Street Takes a Punch: Dow Drops 800 Points

Wall Street Takes a Punch: Dow Drops 800 Points

From the Associated Press/Los Angeles Times

Stocks slid Wednesday, with the Dow Jones industrial average losing more than 800 points in a sell-off that accelerated in the final minutes of trading. The Dow and other major U.S. stock indexes notched …

October 10, 2018 - 4:22 pm Closing Bell Story‎, Commodity Pricing, Energy News
PetroMaroc Enters Into Debenture Waiver and Amending Agreement to Extend the Maturity Date of the Secured Debentures

PetroMaroc Enters Into Debenture Waiver and Amending Agreement to Extend the Maturity Date of the Secured Debentures

TORONTO, ONTARIO–(Marketwired – April 11, 2016) – PetroMaroc Corporation plc (TSX VENTURE:PMA), an independent oil and gas company focused on Morocco (the “Company” or “PetroMaroc“), is pleased to announce that it has entered into a waiver

April 11, 2016 - 4:23 pm Canada
Economic Boost from Oil Not Expected While Interest Rates Remain Low

Economic Boost from Oil Not Expected While Interest Rates Remain Low

Low interest rates mitigating the benefits of low oil prices – IMF

When oil prices began to crater, it was hoped that demand would grow, giving economies a proverbial shot in the arm. Unfortunately, economic growth has remained sluggish, and …

Bank of Canada Holds Interest Rate Ahead of Federal Budget

Bank of Canada Holds Interest Rate Ahead of Federal Budget

Bank of Canada holds the overnight rate at 0.5%

The Bank of Canada announced that it would continue to hold its overnight interest rate at 0.5%. Economists were split down the middle regarding whether or not the Bank of Canada …

January 20, 2016 - 5:09 pm Canada, Closing Bell Story‎, Finance, Oil and Gas 360 Articles
Fed Maintains Rates in a 9-1 Vote

Fed Maintains Rates in a 9-1 Vote

The Federal Reserve decided to stand pat following its two-day October meeting

The U.S. Federal Reserve today decided to maintain rates near zero, leaving them unchanged since 2008. The Fed did announce that it is open to raising rates at …

October 28, 2015 - 5:15 pm Commodity Pricing, Oil and Gas 360 Articles
Federal Reserve Maintains Interest Rates, Slashes Economic Forecast

Federal Reserve Maintains Interest Rates, Slashes Economic Forecast

Majority of Analysts Predict Increase Before Year-End

The Federal Reserve is maintaining the status quo of interest rates at 0.00% to 0.25%. For now.

The Committee wrapped up its latest meeting on June 17, and while seemingly encouraged by some …

June 17, 2015 - 4:50 pm Finance, Oil and Gas 360 Articles
Yellen: Fed is Global Player Now

Yellen: Fed is Global Player Now

During a two-day conference sponsored by the Federal Reserve, the European Central Bank and the Federal Reserve Bank of New York, Federal Reserve Chair Janet Yellen said it is time for the Fed to start focusing on globalization. Yellen said …

November 14, 2014 - 4:48 pm Oil and Gas 360 Articles, Politics & Opinions