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Showing 721 - 730 of 994 results for "US Federal Reserve"

Easing Libor pains

BENJAMIN ONG  |  TUESDAY, 19 MAY 2009
... global financial crisis. One of the reasons why despite huge and successive interest rate reductions by the US Federal Reserve at the onset proved impotent. The Libor rate remained high despite the US fed funds rate falling sharply. The differential ...

De-stressing the stress test

BENJAMIN ONG  |  THURSDAY, 7 MAY 2009
Only a couple of weeks ago the US triad - US Federal Reserve, Treasury and Federal Deposit Insurance Corporation (FDIC) - were stressing over how best to release the result of the stress test they issued to 19 of their banks. They found a way. Back ...

Budget me a recovery

BENJAMIN ONG  |  MONDAY, 4 MAY 2009
... borrowing. But the economic environment and the policy responses are different now than in the 1930s. Today the US Federal Reserve and other major central banks have pledged to keep policy easy for as long as it takes. It jumped the gun back then. Today ...

The good in the bad news

BENJAMIN ONG  |  THURSDAY, 30 APR 2009
... especially given more recent indicators showing that the pace of deterioration in the economy has slowed. The US Federal Reserve summed this up nicely in a statement following its FOMC meeting. 'The economy has continued to contract, though the pace ...

Rated AAA

BENJAMIN ONG  |  MONDAY, 27 APR 2009
... rated XYZ by either one of the ratings triumvirate --Standard and Poor's or Moody's or Fitch. Heck, even the US Federal Reserve would not accept any collateral for its stimulus lending programmes such as the Term Asset Lending Facility (TALF) unless ...

Vantage point

BENJAMIN ONG  |  THURSDAY, 16 APR 2009
... everything seems to be turning up roses. The Dow and the S&P 500 rose by 1.3 per cent overnight following the US Federal Reserve's Beige Book report that showed five of the Fed's 12 district banks 'noted a moderation in the pace of decline' in economic ...

Treasure for trash

BENJAMIN ONG  |  TUESDAY, 24 MAR 2009
... to have a nibble. To do this, the Treasury would match their purchase of toxic assets dollar for dollar, the US Federal Reserve would provide them with bargain loans to buy these toxins and the Federal Debt Insurance Corporation would provide debt guarantees. ...

Beggar thy neighbour

BENJAMIN ONG  |  MONDAY, 23 MAR 2009
... nations to singing for their supper. With last week's announcement of US$1.25 trillion worth of fresh mints, the US Federal Reserve would effectively be 'beggaring its neighbours'. Why? By expanding America's supply of money, the Fed has engaged in a ...

Go for gold

BENJAMIN ONG  |  FRIDAY, 20 MAR 2009
The US Federal Reserve's announcement that it is releasing freshly minted greenbacks worth US$1.25 trillion to rescue the convulsing economy threatens the return of high inflation when the current global financial crisis is but a painful memory. Inflation ...

Market Wrap - Morning

AAP  |  FRIDAY, 20 MAR 2009
... Australia. On Thursday, the Australian share market closed at a one-month high, boosted by financial stocks after a US Federal Reserve-inspired Wall Street rally. The benchmark S&P/ASX200 gained 33.9 points, or 0.98 per cent, to close at 3,480.2, the ...