Asian stock markets jumped on Thursday as investors chose to take an historic hike in US interest rates as a mark of confidence in the world's largest economy, though the good cheer did not extend to oil where oversupply again pressured prices.
The Federal Reserve's policymakers met for the final time this year on Wednesday (Dec 16) and announced the first US interest rate hike since June 2006, and seven years after it pushed its benchmark lending rate to zero to battle the global financial crisis and the Great Recession that followed.
The U.S. Federal Reserve's decision to leave its zero interest-rate policy unchanged has given emerging economies, including China, some breathing room, but the Fed must stay cautious of the havoc a future rate hike could cause.
The U.S. Federal Reserve on Thursday kept its benchmark interest rate unchanged, saying the rising uncertainty abroad and low inflation were the key reasons behind the decision.
The Latin American markets have been unsettled lately as the U.S. Federal Reserve (Fed) has failed to provide a clear signal on the specific date of its interest rate rises.
U.S. Federal Reserve on Wednesday said the country's economy and job market continued to improve since June, a sign that the central bank remains on track to raise interest rate later this year. But it didn't provide a clear signal for the rate hike timetable.
U.S. Federal Reserve plans to allow big banks to use certain general obligation state and municipal bonds as liquid asset to meet a regulatory rule aimed at keeping the banks safe during a crisis.
Risks to financial stability are moderated and not elevated at this point although the equity market valuations appeared "quite high" and some investors may be taking risks in pursuing high yields, Federal Reserve chair Janet Yellen said on Wednesday.
The U.S. Federal Reserve on Wednesday rejected the capital plans of two large banks, the American units of the Deutsche Bank and Banco Santander, due to their "qualitative" deficiencies including ability to model losses and identify risks.
South Korean shares fell sharply Monday on concerns that the U.S. Federal Reserve may hike interest rates earlier than anticipated after better-than-expected employment data.
U.S. stocks surged after a choppy session Wednesday, as investors tried to digest the Federal Reserve's decisions at the conclusion of its two-day policy meeting.
The U.S. economic activities continued to expand in October and November, indicating the recovery was on a solid pace, a survey by the Federal Reserve showed Wednesday.
The Federal Reserve decided Wednesday to end its six years of pump-priming, as it sees the economy is improving on track from the worst financial crisis in decades. It also pledged to keep low interest rates in the longer run to nurture the hard-earned recovery.
U.S. stocks dropped slightly Wednesday as the Federal Reserve announced to end its quantitative easing (QE) stimulus program.
The U.S. economic activities kept growing in all regions of the country in recent weeks, indicating the recovery was on a solid pace, a survey by the Federal Reserve showed Wednesday.
The Federal Reserve should wait until it has a lot of confidence that U.S. economic recovery can be sustained before raising interest rates, a senior U.S. Fed official said Wednesday.
U.S. stocks rose Tuesday, with the Dow Jones Industrial Average hitting a record intraday high, boosted by expectations that the Federal Reserve may not send out a hawkish tone Wednesday at the conclusion of its policy meeting. The Dow jumped 100.83 points, or 0.59 percent, to 17,131.97. The S&P 500 climbed 14.85 points, or 0.75 percent, to 1,998.98. The Nasdaq Composite Index surged 33.86 points, or 0.75 percent, to 4, 552.76.
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