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US job growth rebound makes interest rate hike more likely
There was a sharp rebound in job growth in the United States in April. Employers hired 211,000 new workers – a big jump from March’s lacklustre 79,000, though that was partly due to extreme winter weather in the Northeast of the US. The...
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Financial markets braced for US interest rate hike
The eyes of the financial world are on the Federal Reserve as policymakers started a two-day meeting which is almost certain to produce an increase in the cost of borrowing there. The woman in charge of the Fed, Janet Yellen, will speak...
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Federal Reserve raises benchmark interest rate to 1.0 percent
The cost of borrowing has been put up again in the United States. The central bank, the Federal Reserve, raised interest rates for the second time in three months. The benchmark rate was lifted from 0.75 percent to 1.0 percent. Fed chair...
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European shares jump on Dutch election result and dovish Fed
European shares hit their best level in 15 months on Thursday and the main stock market index in Amsterdam reached a nine-year high. Investors hit the buy button, spurred on by the political events in the Netherlands and the laid back...
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Fed’s Yellen warns against delaying interest rate hikes, speaks of ‘uncertainty’ over US fiscal policy
The financial world has been put on notice by the US central bank to get ready for interest rate rises, but there is still no word on when. Reporting to the US Senate’s Banking Committee, Federal Reserve Chair Janet Yellen declined to...
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Federal Reserve meets, interest rate hike expected
A crucial meeting is underway for the US central bank, the Federal Reserve. With Donald Trump – a harsh critic of the Fed about to become president – its policymakers are expected to announce an interest rate increase, almost certainly...
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U.S. Fed hikes interest rates
CBC's Renee Filippone has the latest on the rate hike, and what it could mean for Canadians and our economy
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US Federal Reserve raises interest rates for second time in a decade
The US Federal Reserve has raised interest rates the first time this year and the second time in a decade. America’s central bank has raised borrowing costs by a 0.25 percent to 0.50-0.75 percent, and has said it anticipates three more...
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Oil falls again, dragging down dollar
Fears about a possible failure by OPEC to agree on production cuts at its meeting on Wednesday this week has sent the oil price down further after Friday’s sharp losses. It has also seen the dollar tumble, suffering its biggest drop in a...
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US Q3 GDP growth beats estimates
The third quarter has seen faster than expected GDP growth in the USA, the Commerce department revising its figures up from 2.9 to 3.2%, the best in two years. Consumer spending and a surge in soybean exports after poor harvests in...
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Federal Reserve head Janet Yellen hints at US interest rate hike in December
Janet Yellen, the head of the US central bank, has said Donald Trump’s election as US president does not change the Federal Reserve’s plans for an interest rate hike “relatively soon” to be followed by a gradual pace of increases after...
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Dollar muscles ahead, strongest since 2003 against basket of currencies
The US dollar continued to power ahead on Friday, hitting its highest levels since April 2003 against a basket of currencies. Donald Trump’s election victory and spending plans are providing that boost. “What we’re looking at is a broad...
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Fed in focus
Jeffrey Frankel of Harvard University on Trump and the future of U.S. monetary policy
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Federal Reserve keeps borrowing costs unchanged
As expected, the Federal Reserve’s policymakers kept interest rates unchanged at their latest meeting and reinforced expectations for higher borrowing costs in December. The US central bank’s rate-setting committee said the economy had...
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No US interest rate rise expected from Federal Reserve this month
Decoding the thinking of the Federal Reserve is this week’s top task for the financial markets. On Tuesday, policymakers at the US central bank started a two-day meeting at which they could announce an increase in the cost of borrowing,...
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Pound hammered by flash crash
Did robots just collapse the pound? The British currency suffered a massive temporary loss in value overnight, diving 10 percent against the dollar in just minutes – a so-called flash crash. It fell from around $1.26 to near $1.14 in...
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Rising US inflation makes December interest rate hike more likely
Much more expensive fuel was one of the reasons that US consumer prices recorded their biggest gain in five months in September – up 1.5 percent year-on-year and 0.3 percent higher compared to August. That was partly because last year’s...
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Federal Reserve policy meeting starts – interest rate hike not expected
Will they raise the cost of borrowing? The big question as policymakers at the US central bank, the Federal Reserve, started a two day meeting on Tuesday. The majority of economists expect the Fed to leave its benchmark main interest...
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Yellen defends Federal Reserve against Trump bias accusations
The head of the US central bank has defended it against accusations from Republican presidential candidate Donald Trump. He has said Federal Reserve Chair Janet Yellen has been manipulating financial markets by keeping the cost of...
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Financial markets tumble on worries over US rate hike timing
Monday has been a rough day for the world’s financial markets amid fears that the US central bank – the Federal Reserve – could raise interest rates again as early as next week when policymakers meet on September 20/21. Share price...
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Case for US interest rate hike strengthens, says Fed’s Yellen
Improvements in the labour market and expectations for solid economic growth strengthen the case for a US interest rate hike. That from Federal Reserve Chair Janet Yellen, who has been speaking at a gathering of central bankers and...
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Investors await Federal Reserve Chair Janet Yellen’s interest rate thoughts
Financial markets have their attention firmly focused on Federal Reserve chief Janet Yellen, who is due to speak on Friday at the annual central bankers gathering in Jackson Hole, Wyoming. The dollar is set to jump or fall depending on...
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US jobs jump in June
There was a huge jump in the number of jobs created in the United States last month. Payrolls increased by 287,000 in June. But for May they were revised down to just 11,000, rather than the previously reported 38,000. Economists had...
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Federal Reserve set not to play interest rate rise card
The Federal Reserve is deep in a policy meeting with the unlikelihood of an interest rate rise coming anytime soon. However much the Federal Reserve and chair Janet Yellen would like to hike the rate poor unemployment figures have put...