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Fed cuts 2014 growth forecast but maintains confidence in recovery

Last Updated: Wednesday, June 18, 2014, 23:45

The Federal Reserve on Wednesday slashed its forecast for US economic growth this year but expressed confidence the recovery was largely on track and would allow it to begin raising interest rates in 2015.

Yellen confounds in first policy announcement

Last Updated: Thursday, March 20, 2014, 23:57

The US stock markets plunged Wednesday when Yellen, detailing Fed policy after leading her first meeting of the Federal Open Market Committee, gave a seemingly casual estimate to a question about interest rates.

Only time will define Bernanke's crisis-era legacy at Fed

Last Updated: Thursday, January 30, 2014, 12:30

Ben Bernanke did not hesitate when asked whether he was confident that his signature response to the Great Recession would work.

US stocks tank as Fed trims stimulus again

Last Updated: Thursday, January 30, 2014, 04:04

At the closing bell, the Dow Jones Industrial Average slumped 183.03 points (1.15 percent) to 15,745.53.

Fed cuts stimulus as expected; Bernanke prepares to depart

Last Updated: Thursday, January 30, 2014, 02:50

Starting in February, the Fed will buy $65 billion in bonds per month, down from $75 billion now. It shaved its purchases of US Treasuries and mortgage bonds equally.

Oil prices mixed in Asian trade

Last Updated: Thursday, January 16, 2014, 11:06

Oil prices were mixed in Asian trading hours on Thursday but analysts said sentiment will continue to be boosted by expectations of higher world economic growth.

US Senate poised to confirm Janet Yellen as Fed chair

Last Updated: Monday, January 06, 2014, 23:52

A Senate vote is set for 5:30 p.m. (2230 GMT) on Yellen, 67, who has been vice chair of the U.S. central bank since 2010.

With Fed out of the way, what's next on Wall Street?

Last Updated: Saturday, December 21, 2013, 04:15

With the US Federal Reserve finally announcing it will start tapering its stimulus, removing a big uncertainty in the market, can Wall Street expect a stronger finish to the year? Not really.

Janet Yellen takes big step toward taking reins at US Fed

Last Updated: Saturday, December 21, 2013, 01:46

Janet Yellen on Friday took a big step toward becoming the first woman to chair the central bank as her nomination cleared a Republican procedural hurdle in the Senate.

Asian shares tiptoe up, US bonds fall after Fed taper

Last Updated: Friday, December 20, 2013, 08:02

Asian shares crept higher on Friday, though investors were reassessing the Federal Reserve`s policy outlook following its decision this week to start tapering stimulus, with a more circumspect session on Wall Street overnight.

Oil prices gain on US economic optimism after Fed move

Last Updated: Friday, December 20, 2013, 02:58

Oil prices rose Thursday as investors concluded that the Federal Reserve`s move to trim stimulus was a sign of the improving US economy.

Asia shares climb on Fed commitment, dollar jumps

Last Updated: Thursday, December 19, 2013, 07:30

Asian share markets rallied on Thursday as a Federal Reserve commitment to low rates offset a long-dreaded decision to taper stimulus, sending Wall Street to record heights and the dollar galloping above 104.00 yen for the first time since 2008.