The ending of empire

Two of the world's most powerful jobs are up for grabs - and America has the jitters.

Outlook: Wall Street

Outlook: Wall Street

Hint of US rate rise puts shares in a spin

SHARES IN New York and London went into a tailspin yesterday as the first signs emerged of higher inflation and interest rates in the United States.

Fed set to `nip inflation in bud', warns Greenspan

ALAN GREENSPAN warned yesterday that the US Federal Reserve would act "promptly and forcefully" to nip inflation in the bud.

Will the hi-tech bubble burst?

Are booming industries more vulnerable to a slow-down? The answer would seem to be yes

Outlook: Alan Greenspan

SINCE ALAN Greenspan first referred to "irrational exuberance" in December 1996, the Dow has risen by nearly 80 per cent. The Fed chairman had another go yesterday, politely suggesting the elevated level of share prices in the US was "unwarranted" and perhaps even "euphoric".

Greenspan hints at rates rise as US booms

ALAN GREENSPAN, the chairman of the US Federal Reserve Board, signalled that a further increase in US interest rates is likely with the economy expanding at an "unsustainable" pace. Increases in productivity had made 1999 an exceptional year for the American economy, he said, but the Fed stood ready to pre-empt inflationary pressures.

Right of Reply: Haruko Fukuda

RECENT WEEKS have seen much argument over the UK Government's decision to sell more than half of the country's gold stocks. Your editorial of 6 July introduced an interesting new twist in arguing that the substitution of paper money for gold is an example of democratisation. I disagree.

Outlook: Hubble bubble

u

US set for rates rise to head off inflation

THE US Federal Reserve is this week expected to raise interest rates, marking a watershed in US economic policy and reversing the downward trend of the last four years.

Dow falls below 10,500

US SHARE prices fell sharply yesterday as investors' nerves got the better of them ahead of next week's crucial meeting of the Federal Reserve.

Outlook: Stock markets

AT THE beginning of last month, this column advised a "sell in May and go away" stance on equities. Since then shares have fallen quite sharply on Wall Street and then rebounded again. This week's sensationally good inflation figures from the US seem to confirm that there is no stopping this long bull market. Once again the bears are made to look foolish. Even Alan Greenspan, chairman of the US Federal Reserve, now suggests no more than a gentle tug on the tiller - "modest pre emptive action" - is required to prevent a resurgence of inflationary pressures in the soaraway US economy.

Greenspan hints at pre-emptive rate rise

THE US Federal Reserve may need to raise interest rates before any sign that inflation is returning to the economy, Alan Greenspan said yesterday.

Dow and Nasdaq soar on stable US consumer prices

US FINANCIAL markets shot up yesterday after a report of flat inflation softened the outlook for monetary policy.

New technology `boosting US'

ALAN GREENSPAN, the US Federal Reserve chairman (pictured), said yesterday that business investment in new technology is boosting US productivity and keeping a rein on inflation. However, he cautioned that the benefits from technological developments might be short-lived.
Latest stories from i100
SPONSORED FEATURES
Career Services

Day In a Page

A
Independent Travel
Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
Burgundy, the River Rhone & Provence
Prague, Budapest and Vienna
Lake Garda
Minoan Crete and Santorini
Prices correct as of 15 May 2015
The Silk Roads that trace civilisation: Long before the West rose to power, Asian pathways were connecting peoples and places

The Silk Roads that trace civilisation

Long before the West rose to power, Asian pathways were connecting peoples and places
House of Lords: Outcry as donors, fixers and MPs caught up in expenses scandal are ennobled

The honours that shame Britain

Outcry as donors, fixers and MPs caught up in expenses scandal are ennobled
When it comes to street harassment, we need to talk about race

'When it comes to street harassment, we need to talk about race'

Why are black men living the stereotypes and why are we letting them get away with it?
International Tap Festival: Forget Fred Astaire and Ginger Rogers - this dancing is improvised, spontaneous and rhythmic

International Tap Festival comes to the UK

Forget Fred Astaire and Ginger Rogers - this dancing is improvised, spontaneous and rhythmic
War with Isis: Is Turkey's buffer zone in Syria a matter of self-defence – or just anti-Kurd?

Turkey's buffer zone in Syria: self-defence – or just anti-Kurd?

Ankara accused of exacerbating racial division by allowing Turkmen minority to cross the border
Doris Lessing: Acclaimed novelist was kept under MI5 observation for 18 years, newly released papers show

'A subversive brothel keeper and Communist'

Acclaimed novelist Doris Lessing was kept under MI5 observation for 18 years, newly released papers show
Big Blue Live: BBC's Springwatch offshoot swaps back gardens for California's Monterey Bay

BBC heads to the Californian coast

The Big Blue Live crew is preparing for the first of three episodes on Sunday night, filming from boats, planes and an aquarium studio
Austin Bidwell: The Victorian fraudster who shook the Bank of England with the most daring forgery the world had known

Victorian fraudster who shook the Bank of England

Conman Austin Bidwell. was a heartless cad who carried out the most daring forgery the world had known
Car hacking scandal: Security designed to stop thieves hot-wiring almost every modern motor has been cracked

Car hacking scandal

Security designed to stop thieves hot-wiring almost every modern motor has been cracked
10 best placemats

Take your seat: 10 best placemats

Protect your table and dine in style with a bold new accessory
Ashes 2015: Alastair Cook not the only one to be caught in The Oval mindwarp

Cook not the only one to be caught in The Oval mindwarp

Aussie skipper Michael Clarke was lured into believing that what we witnessed at Edgbaston and Trent Bridge would continue in London, says Kevin Garside
Can Rafael Benitez get the best out of Gareth Bale at Real Madrid?

Can Benitez get the best out of Bale?

Back at the club he watched as a boy, the pressure is on Benitez to find a winning blend from Real's multiple talents. As La Liga begins, Pete Jenson asks if it will be enough to stop Barcelona
Athletics World Championships 2015: Beijing witnesses new stage in the Jessica Ennis-Hill and Katarina Johnson-Thompson heptathlon rivalry

Beijing witnesses new stage in the Jess and Kat rivalry

The last time the two British heptathletes competed, Ennis-Hill was on the way to Olympic gold and Johnson-Thompson was just a promising teenager. But a lot has happened in the following three years
Jeremy Corbyn: Joining a shrewd operator desperate for power as he visits the North East

Jeremy Corbyn interview: A shrewd operator desperate for power

His radical anti-austerity agenda has caught the imagination of the left and politically disaffected and set a staid Labour leadership election alight
Isis executes Palmyra antiquities chief: Defender of ancient city's past was killed for protecting its future

Isis executes Palmyra antiquities chief

Robert Fisk on the defender of the ancient city's past who was killed for protecting its future