The U.S. Federal Reserve Board said today that it is providing liquidity to facilitate the orderly functioning of financial markets.In a statement, the Federal Reserve said it will, “provide reserves as necessary through open market operations to promote trading in the federal funds market at rates close to the Federal Open Market Committee’s target rate […]
Scotia clear to acquire 10% of voting shares of First BanCorp.
Moderation in inflation yet to be seen, U.S. central bank ssay
Lingering concern that inflation will remain under control
Bank allegedly violated National Flood Insurance Act
U.S. economic activity expanded from mid-April through May, with a number of areas reporting stronger growth, the U.S. Federal Reserve said today.Seven of the 12 Fed districts described growth as modest or moderate, while the others reported growth as moderately strong, edging up, or somewhat faster than in recent months, according to the Fed’s Beige […]
Federal Reserve chairman Ben Bernanke said today the U.S. economy will rebound from its weak performance at the start of the year, despite the slump in the housing sector.Economic growth in the first three months of this year nearly stalled, logging just a 0.6% pace. It was the worst quarterly showing in more than four […]
Fears of worse inflation remain
The U.S. Federal Open Market Committee decided today to keep its target for the federal funds rate at 5.25%.The FOMC voted unanimously to leave rates unchanged. Today’s outcome was widely expected by economists.An accompanying statement acknowledged some recent weakening in the economy, but otherwise mirrored the previous one issued on March 21 in which officials […]
Consumer prices remain stable: beige book