Outlook: US rates

THEY ARE not used to interest rate increases in the US. The Fed raised the cost of borrowing by a quarter point in March 1997. Apart from that, the last sustained series of increases took place throughout 1994, the first of them bursting the bond market bubble of the previous year. No wonder Alan Greenspan is more revered than any other Fed chairman in living memory - after all, five years is a lifetime to most traders in the financial markets.

Greenspan warns of trade danger

Greenspan warns of trade danger

Smoking guns may trigger US reversal

LAST WEEK, the US Federal Reserve shifted its policy stance in a way which substantially increases the risks facing the world's financial markets.

Outlook: Greenspan makes the markets wait

THE POLICY dilemma could scarcely be more daunting. Should Alan Greenspan, the most successful Fed Chairman in recent memory, raise short- term interest rates and thereby risk puncturing the Wall Street bubble, bringing to an end this extraordinary decade of US growth without inflation? Or should be leave them unchanged and risk storing up even greater trouble to come?

Has America's hero got out at the top?

SHOULD WE call it the "Rubin boom"?

Outlook: Famous double act draws to a close

ROBERT RUBIN has finally found the right moment to step down in favour of Lawrence Summers, his deputy at the US Treasury. His intention is to return to private life in New York, but will he hold to it? Or can he be lured back into public office, as Wall Street hopes, to replace Alan Greenspan at the US Federal Reserve?

Outlook: Inflation back?

NO SOONER have forecasters decided that the great bull market in bonds is definitely over, than the market stages a modest recovery. The benchmark 30 year US Treasury bond rebounded a bit yesterday from its march towards the 6 per cent level. However, there's no doubting the fact that inflation has knocked deflation off its perch as number one worry for international markets.

London market: Blue Circle leads rise amid hopes of growth

UK STOCKS are expected to rise this week, led by such economically sensitive stocks as the cement maker Blue Circle Industries, amid optimism that growth in the UK will start to accelerate before the end of the year.

Outlook: Dow madness

WHEN IT comes to stock market investment, there is rarely any such thing as an independent view. Thus we had two very different perspectives on soaraway US stock markets this week. Katherine Garrett-Cox, head of American equities at Hill Samuel Asset Management, is still a raging bull, but then she would be. Her funds are reported as being the best performing in the UK over the last twelve months. If Wall Street goes pear shaped, she'll be among the worst performing in the next.

US boom to end, warns Greenspan

ALAN GREENSPAN, the chairman of the US Federal Reserve (pictured), warned yesterday that the "truly phenomenal" performance of the American economy could not last for ever.

Outlook: Don't get too optimistic just yet

CRACK OPEN the champagne, dust down the dinner jacket - boom times are here again. Or at least that's what you might think had you cast a cursory eye over the financial pages lately. Barely a day goes by (including yesterday) without some sort of record being set by shares on Wall Street or in London.

Greenspan urges `stress test'

IT WOULD be a "major mistake" to regulate financial derivatives more heavily in the wake of the Asian financial crisis, Alan Greenspan, the chairman of the US Federal Reserve Board, said yesterday.

The bulls have their day but the bubble worries won't go away

News Analysis: The Dow may have hit 10,000 but market-watchers can't agree about where it's going next

Outlook: Dow milestone

THE DOW through 10,000 is such a milestone that it seems worth returning to Wall Street's soaraway bull market, even though this column attempted to pass judgement on it only last week. The bears and the bulk of the "serious" British press, including the "Pink 'un" and the Economist, have got it wrong again.

We don't want a little, know-all leprechaun

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