FEDERAL RESERVE

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Gold Unwinds Weekly Drop as Real Interest Rates Plunge

Prices to Buy Gold rose above $1418 per ounce Friday lunchtime in London, reversing this week's earlier 2.4% drop as crude oil fell and world stock markets rose further after news of an immediate cease-fire by the Gaddafi regime in Libya, prompted by the United Nations' no fly zone agreement.

Fed to allow some big banks to boost dividends

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The Federal Reserve will allow some of the largest U.S. banks to boost or restart dividends payments this year but will restrict the amounts to 30 percent or less of the company's anticipated earnings, the central bank said on Friday.

US stocks advance after G-7 Intervention

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US stocks advanced in early trade on Friday after the Group of Seven (G-7) Finance ministers had agreed to intervene in the markets to stabilize the Japanese yen.
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World Market Update 18/03/2011

U.S. stocks rallied on Thursday, bouncing back from three straight days of losses as better-than-expected reports on jobless claims and Consumer Price Index (CPI) buoyed sentiment, and FedEx Corp. boosted its profit forecast.
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Upward pressure on wages to follow: BNA Index

Upward pressure on wages to follow: BNA Index

Workers in the private sector overall likely will see higher annual wage increases in the coming months, according to the revised first quarter Wage Trend Indicator (WTI) released by BNA.
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World Market Update 16/03/2011

U.S. stocks ended lower on Tuesday as mounting fears about Japan's escalating nuclear crisis sparked sell-offs in financial markets around the world, but positive remarks from the Federal Reserve helped the indexes rebound from the day’s lows.
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Global Markets Overview 16/03/2011

U.S. stocks ended lower on Tuesday as mounting fears about Japan's escalating nuclear crisis sparked sell-offs in financial markets around the world, but positive remarks from the Federal Reserve helped the indexes rebound from the day’s lows.
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World Market Overview 16/03/2011

U.S. stocks ended lower on Tuesday as mounting fears about Japan's escalating nuclear crisis sparked sell-offs in financial markets around the world, but positive remarks from the Federal Reserve helped the indexes rebound from the day’s lows.
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Instant view: Fed sees economy on firmer footing

The U.S. Federal Reserve maintained its ultra-loose monetary policy on Tuesday, saying the economy was gaining traction while flagging potential inflation risks from costlier energy and food.
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Steady Fed sees firmer economy, watchful on oil

The Federal Reserve said on Tuesday the U.S. recovery is gaining traction and inflation pressure from soaring energy costs should be short-lived, allowing it to maintain its heavy support for the economy.
Traders work on the floor of the New York Stock Exchange

US stocks plunge amid Japan nuclear fears

U.S. stocks plunged on Tuesday, following sell-off in European and Asian stock markets on escalating fears of a nuclear crisis after a radiation leak was detected at the Fukushima Daiichi nuclear plant.
Traders work on the floor of the New York Stock Exchange

World Market Update 15/03/2011

U.S. stocks plunged in early trade on Tuesday, following sell-off in European and Asian stock markets amid fears of a nuclear disaster in Japan.
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Sick & Tired of Risk

What's your true level of risk today? No idea. But the least your fund manager, advisor or favorite financial columnist can do today is remember the lesson of 2007, and highlight the range of risks and possible fall-out which might lie ahead. Take inflation, for instance. Though small, the risk of currency devaluation and hyper-inflation in the developed West is still materially underpriced by gold bullion
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Fed says received AIG's buyback offer

The Federal Reserve Bank of New York said on Friday it had received American International Group Inc's offer to buy back residential mortgage-backed securities taken over at height of the financial crisis.

There Are No Good Outcomes in The Oil Game

There are no good outcomes, only bad, really bad, and catastrophic. Take your pick. Could gas prices drop below $3.00 per gallon if the world sinks back into recession? Yes. But it would only be momentary. The easy to access supply is dwindling. The medium and long term direction of gas at the pump is up. There is nothing that can be done in the next five years to prevent significantly higher oil prices.

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