News

The US Federal Reserve said it would continue to reduce its bond buying stimulus program by $10 billion a month and will keep interest rates extraordinarily low for as long as required.

Road to recovery: But there have been many bumps along the way

Is the sun rising on Japan – or is this just another false dawn?

'Abenomics' seems to be doing the trick for the second-largest economy after two 'lost decades'. Danielle Levy reports

Market Report: Drug giant immune to dose of optimism

The pharmaceutical giant GlaxoSmithKline missed out on the injection of optimism into the rest of the market yesterday as City analysts warned that it needs to spend more money on its pipeline of new drugs.

Fed looks to taper stimulus this year

Janet Yellen named to chair Fed as latest minutes reveal central bank concerns

Head of the Fed: Janet Yellen is not just more of the same

To characterise Yellen as simply a safe pair of hands is to mistake the circumstances in which she takes up her post

US shutdown: Markets drift on IMF warning over global economy

Global stock markets drifted Wednesday as news the Federal Reserve's vice chair will be nominated to head the US central bank gave only a slight lift to investor sentiment darkened by an IMF warning on the global economy.

Fed chairman Ben Bernanke's move back from slowing the stimulus sent jubilant investors racing back into risky assets at the prospect of extended easy money

Investors rush back as the Fed keeps on pumping cash

Investors piled into shares, bonds and the pound today after the US Federal Reserve's shock decision not to slow the pace of its money-printing programme.

US markets up after Larry Summers backs out of Federal Reserve race

The decision by Larry Summers to back out of the race to replace Ben Bernanke at the helm of the US Federal Reserve when he steps down next year, has boosted expectations of a dovish outlook for the monetary policy in the world’s largest economy, driving up stocks and bonds.

Pound gains ground as Summers pulls out

Sterling hit an eight-month high against the dollar today after former US Treasury Secretary Larry Summers decided to pull out of the race to be the next Federal Reserve chairman.

What the Sunday papers said

The Independent on Sunday: Fed to taper QE as US picks up

Fed set to taper QE as US picks up

Signs of gathering momentum in world's biggest economy will influence central bank's decision

US jobs disappointment cuts chances of Fed easing stimulus

The US economy created fewer jobs than forecast in August, dampening expectations that the Federal Reserve will start weaning the US economy off its stimulus programme this month.

Fed united on need to taper QE but split on timing

Markets left guessing on September wind down of stimulus programme

Slowing US economy likely to be boosted as Washington eases belt-tightening

Tighter fiscal policy and sluggish global demand, which has dampened exports, are seen as having hobbled the economy in the April-June period

Mark Dampier: Don't write off bond exposure just yet

It is still difficult to see interest rates in the UK rising before the next general election.

Market Report: ECB rule change is good news for RBS

Frankfurt rarely issues diktats that are helpful to the UK’s banks, but yesterday a rule change meant that taxpayer-backed Royal Bank of Scotland was the order of the day for investors. News of a change to the way the European Central Bank views loans on banks’ balance sheets helped RBS up nearly 4 per cent.

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