Major U.S. stock indices reached "psychologically important" levels for the first time Monday morning, fostering the belief of analysts that the country's equity market has the potential to post a mild rally in the final two months of this year.
U.S. Federal Reserve chief nominee Janet Yellen said Thursday that the country's economy still needs the central bank's life support and premature withdrawal of stimulus would be costly.
Wall Street ended narrowly mixed Tuesday, as better-than-expected U.S. service sector data partially offset uncertainty about when the U.S. Federal Reserve will start tapering its bond purchases program.
U.S. President Barack Obama is to nominate current Federal Reserve Vice Chairwoman Janet Yellen to be the next Fed chief on Wednesday, media reports said Tuesday.
U.S. President Barack Obama is to nominate current Federal Reserve Vice Chairwoman Janet Yellen to be the next Fed chief on Wednesday, media reports said Tuesday.
The U.S. Federal Reserve' s surprise decision on delaying the taper of its bond purchases will damage their ability to communicate with and get consensus in the marketplace, economists said here Friday.
The U.S. Federal Reserve on Wednesday surprised the markets by delaying the long-debated tapering of its current monthly 85-billion-dollar bond buying program, citing concerns over tighter financial conditions and fiscal headwinds, leaving the actual wind-down of the monetary stimulus down the road.
The U.S. Federal Reserve announced on Wednesday that it would keep its monthly pace of bond purchases unchanged for now to stimulate the economy.
The U.S. economy is expected to have a stronger recovery, and the Fed's tapering on the quantitative easing should be slow and friendly to the markets, an economist at Merrill Lynch told Xinhua on Monday in an exclusive interview.
The U.S. Federal Reserve said Monday that it wanted the largest U.S. banks to pay more attention to their particular vulnerabilities rather than simply applying the regulatory minimums when making their capital plans.
South Korea's central bank reiterated its worries about U.S. quantitative easing and the possible economic slowdown in China, citing those as major downside risks facing the economy.
Federal Reserve Chairman Ben Bernanke said Wednesday the timetable for trimming the bond purchases is not on a preset course and the Fed would base its adjustment of the 85-billion-dollar monthly program on how the economy performs.
U.S. stocks soared on Thursday, lifting the Dow Jones Industrial Average and the S&P 500 to their all-time closing highs, boosted by Federal Reserve Chairman Ben Bernanke's dovish speech on Wednesday.
Top officials of the U.S. Federal Reserve remained divided on when to taper off the massive bond purchase program, revealed the minutes of the Fed's latest interest-setting group meeting released Wednesday.
The risks for global economic growth still loom large as massive public debts, insufficient institutional reforms and the U.S. Fed's hint at a stimulus exit are haunting the world and implying an anemic recovery, economic analysts warn.
China's growth worries and credit tightening sent ripples across global stocks on Monday with major U.S. stock indices, in particular, dropping 1 percent on the back of a 2-percent decline last week.
U.S. stocks plummeted more than 2 percent Thursday following a sell-off on Wednesday that was triggered by fears that the Federal Reserve would reduce its aggressive economic stimulus program later this year.