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Showing 191 - 197 of 197 results for "Fed Chair"

US Federal Reserve holds key short-term rate at 1%

AAP  |  THURSDAY, 29 JAN 2004
The Federal Reserve, not wanting to upset the economic recovery, held a main short-term interest rate at a 45-year low today. Wrapping up a two-day meeting - the first regularly scheduled session of the year - Fed chairman Alan Greenspan and his colleagues ...

Morning market wrap: US bonds continue sell-off

US bond yields jumped sharply higher overnight, continuing the sell-off that began in earnest with Fed chairman Alan Greenspan's Congressional testimony last week. The yield on the benchmark 10-year government bond rose 21 basis points to 4.21%, and ...

Morning market wrap: US bonds crunched by Greenspan

US bond yields spiked higher after Fed chairman Alan Greenspan presented to Congress an upbeat view of US economic prospects over the balance of 2003 and for 2004. Reassurances the Fed would hold the funds rate low "for a considerable time" were ignored ...

Midday market wrap: Australian shares modestly higher

The Australian share market opened modestly higher, following another night of strong gains in US markets. At midday, the All Ordinaries index was 7.9 points higher at 3,061.3. The major banks all posted good advances in morning trade, while News Corporation ...

Morning market wrap: US shares make further gains

AAP  |  TUESDAY, 15 JUL 2003
US shares ended higher Monday, buoyed by solid earnings results from banks Citigroup Inc. and Bank of America Corp. The second quarter earnings season commences in earnest later this week. The Dow Jones industrial average rose 57.6 points (0.6%) to ...

Afternoon market wrap: Shares sustain upward momentum

The All Ordinaries ended the day over 30 points higher, the index eventually finishing at 3,053.4. The gains followed strong advances Friday in US and European equity markets, and a rebound today in Japan's Nikkei 225. News Corporation led the local ...

Morning market wrap: US shares sharply lower

AAP  |  FRIDAY, 11 JUL 2003
US stocks slumped Thursday, sparked by an earnings report from internet company Yahoo Inc. and news of a surge in jobless benefit claims in early July. The Dow Jones industrial average fell 120.2 points (1.3%) to 9,036.0, while the broader S&P 500 lost ...