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Showing 61 - 70 of 80 results for "Fed pres"

Inflated inflation scare

BENJAMIN ONG  |  THURSDAY, 10 FEB 2011
That dreaded "I" word is making a comeback into market players' psyche. Inflation is lurking just around the corner - at least for the developed economies. In the emerging ones, they've been trying to shoo evil inflation away as if almost forever. China ...

QE2 overstays welcome

BENJAMIN ONG  |  WEDNESDAY, 10 NOV 2010
Damned if they didn't, damned now that they did! Wall Street is behaving just like any four-year old these days. A four-year old who gets a present, he eagerly opens it, eyes beam, plays with it for about... maybe a week, then discards and wants something ...

QE2 or bust

BENJAMIN ONG  |  TUESDAY, 19 OCT 2010
You can almost hear the Wall Street's collective hallelujahs after the US Federal Reserve reported an unexpected fall in industrial production. And no, that is not a typo. Wall Street was actually happy that it was disappointed. Huh? Yes, you read correctly. ...

Going nowhere fast

BENJAMIN ONG  |  THURSDAY, 17 JUN 2010
Flatline. That's what you'll see when you look at Wall Street's pulse monitor this morning. I would be too if faced with the same old, same old daily boring stuff that financial market agents look at everyday. While we were sleeping, a raft of economic ...

When old news is good news

BENJAMIN ONG  |  WEDNESDAY, 24 MAR 2010
Wall Street must have gotten up on the right side of the bed today. Well the Dow has been in 10 of the past 11 trading days. But last night, it was more cheerful. The pace of the Dow's upward march nearly doubled - closing almost 1 per cent higher on ...

Land of the free money

BENJAMIN ONG  |  WEDNESDAY, 17 MAR 2010
Fed feeds equity market fervour. If you look at today's headlines, this is the message the various financial news services are trying to convey. "Wall St ends on 17-month high as rates hold" was Reuters' headline. Bloomberg had "U.S. Stocks Rise as ...

Dummy spit

BENJAMIN ONG  |  FRIDAY, 4 DEC 2009
You are the definition of moral hazard! These words - delivered by Kentucky Republican Senator Jim Bunning at Ben Bernanke's Senate hearing on his nomination for a second term as Chairman of the US Federal Reserve - perhaps reflects the embodiment of ...

Thanks for now

BENJAMIN ONG  |  TUESDAY, 24 NOV 2009
... Chairman Ben Bernanke says so. Stimulation would remain for "an extended period." So has other Fed officials. Chicago Fed Pres Evans declared that interest rates could remain near zero until "late 2010, perhaps later." And before him, St. Louis Fed President ...

Sell dollars to buy stocks

BENJAMIN ONG  |  FRIDAY, 20 NOV 2009
Thud! Thud! Thud! This is the sound of my head banging on my desk. For I'm confused - really very confused. Wall Street again dropped big time last night - well to be more accurate, just bigger than the smaller daily falls we've gone accustomed to over ...

Dollar dilemma

BENJAMIN ONG  |  THURSDAY, 12 NOV 2009
Have no fear, the Fed is here...to stay. Perhaps spooked by the pause on Wall Street in recent days, the Fed found it necessary to re-assure investors that borrowing rates would remain practically free for an "extended period." As if? Yes, as if the ...