The minutes of the FOMC’s September meeting show more quantitative easing may be needed “before long,” but the bankers delayed any moves while waiting for more data.
Continue reading An Anxious Fed Decided to G…
The U.S. dollar traded near an eight-month low against the euro on bets that the Federal Reserve will signal it is willing to buy more government debt in order to stimulate the economy.
The U.S. dollar traded at $1.3940 per euro as of 11:08 a.m. in London, Bloomberg News reported. It fell to $1.4012 earlier today and reached $1.4029 on Oct. 7, the weakest since Jan. 28.
Weak…
Continue reading U.S. Dollar Trades Near 8-Month Low on Fed Bets
U.S. Dollar Trades Near 8-Month Low on Fed Bets originally appeared on DailyFinance on Mon, 11 Oct 2010 08:09:00.
Filed Under: Economy, People, Investing, Credit, Currency, Market News
Gold prices jumped to record highs Wednesday, a day after the Federal Reserve’s latest policy meeting.
The price of bullion reached a new record of $1,294.95 an ounce, before slipping to $1,293.10 an ounce, Reuters reported.
The Fed’s statement T…
The U.S. Federal Reserve is keeping its existing, easy monetary policy unchanged. But, it’s prepared to take additional action, if necessary, to stimulate the economy and combat falling prices.
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The so-called Basel III reforms impose new rules for capital reserves that the world’s banks would have to keep on hand as a cushion to avert future financial meltdowns. The G20 nations are expected to ratify the agreement at t…