Federal Reserve prepared to take action if US economy does not show growth

Minutes from Fed meeting show growing support for action as US recovery remains weak ahead of November election The Federal Reserve is prepared to act “fairly soon” unless the economy shows substantially stronger growth, according to minutes of the Fed’s last meeting. With the US recovery still looking fragile, the Federal Open Market Committee (FOMC) […]


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Barclays chief Bob Diamond could be brought before Congress, sources say

Washington politicians considering asking former Barclays chief executive to testify as Libor-fixing controversy crosses to US US politicians are considering summoning Barclays’ former boss Bob Diamond to Washington to answer questions about the Libor-fixing scandal, in a sign that the controversy is becoming an ever hotter issue in the US. Two high powered committees, the […]


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Disappointment as US economy added 80,000 jobs in June – live coverage

Tepid US economy adds a disappointing 80,000 new jobs in June – live coverage of the market and political reaction 8.53am: Could the latest employment data encourage the Federal Reserve to take further action to stimulate the economy? Possibly not – and that’s also possibly bad news for the Obama campaign. Paradoxically, the 80,000 jobs […]


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Federal Reserve to make public its own interest rate forecasts

• Fed hopes move will calm jittery investors• Manufacturing sector expands at fastest rate in six months In an effort to calm jittery stock market investors, US Federal Reserve officials will for the first time made public their own forecasts for the federal funds rate at the end of the month. The Fed’s move towards […]


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