In a speech yesterday evening, Fed chairman Bernanke said that the Fed is ready to take additional steps to bring longer-term interest rates lower. Bernanke acknowledged that there is limited room to ...

We expect December to be another active month for the foreign exchange market as central banks around the world take their interest rates to historically significant levels. There are 4 central banks ...

The Federal Reserve and the Treasury this afternoon announced new measures to secure the flow of credit to the economy to prevent a deepening of the slowdown. Specifically, the measures are targeted t...

Using history as a guide, credit conditions to date imply U.S. job losses could continue to accelerate late into 2009, with over a million job losses in a quarter, and core inflation could fall to nea...

On Wednesday night the Federal Open Market Committee published the minutes of the October 28-29 monetary policy meeting. It is very clear from them that all committee members are highly aware of the s...

The Fed has been on an easing cycle for many months now. At its most recent rate decision, the Fed lowered the fed funds rate by 50 bps to 1.00% and left the door open for further cuts. Going forward,...

The Federal Reserve cuts its estimate for U.S. growth in 2009 and raised its estimates for unemployment, according to minutes released today of the Oct. 28-29 meeting. Fed officials said they expect t...

As expected last week, the Federal Reserve cut the US benchmark lending rate 50bps to 1.00 percent. Now with the Fed Funds rate matching its lowest level since the Bretton Woods pact collapsed, we can...

The FOMC decided to cut its Fed funds target rate by 50 basis points to 1%, following a coordinated inter-meeting rate cut of 50 basis points in early October. In an associated action, the Fed Rerserv...

Yesterday night the Federal Open Market Committee (FOMC) decided to lower its policy rate by 50bp to 1.00% as we expected. The decision fell short of market expectations with fed funds futures discoun...

Today the Federal Reserve lowered its target for the federal funds rate by 50 basis points to 1.00 percent, the lowest rate in more than four years. Monetary policy continues to adjust to an environme...

The U.S. FOMC (unanimously) decided to reduce the fed funds rate by 50bps to 1.00%, coming on the heels of the coordinated 50bps cut earlier this month. The tone of the report was very dovish, and stu...

The Federal Reserve lowered the Federal funds rate by 50 basis points to 1% today, pointing to the deterioration in economic growth and highlighting that the "intensification of financial market turmo...

The FOMC voted unanimously to do what most analysts expected, cut the Fed funds target and discount rate by 50 basis points to 1.0% and 1.25%. The released statement suggests a continuing bias to cut ...

In a unanimous vote, the Federal Reserve voted to cut its key short-term interest rate to 1.00% today, its lowest level since 2003. The cut marks the second half-point reduction in the funds rate this...

The markets were prepared for the 50 bp rate cut from the Federal Reserve today; but can further easing turn the dollar's three-month and multi-thousand point trend? Realistically, the currency's aggr...

The FOMC is widely expected to cut the Fed funds rate by 50 basis points to 1.0% around 18:15 GMT today. There have already been eight reductions adding up to 375 basis points and starting with a unan...

The US Federal Reserve plans to provide a $15B swap line to the RBNZ. The swap agreement will remain effective until April 30. The purpose of the swap is to address pressures in the USD short-term mar...

The biggest event risk this week is undoubtedly the Federal Reserve's monetary policy decision on Wednesday. Now more than ever, the Fed's decision could turnaround the currency and equity markets. Si...

After surprising the market with a 50bp rate cut on October 8th, the Federal Open Market Committee is expected to ease policy further as fears of a prolonged recession intensify. Despite the extraordi...

Tomorrow at 19:15 CET the Federal Open Market Committee (FOMC) is set to announce its policy rate decision. Sentiment in global equity markets continues to be very negative and the improvement in USD ...

This week brings the FOMC rate decision, and the expectancy of another cut in the overnight lending rate from in the U.S. from 1.5% to 1.25%. There are some looking for a cut to 1% and many futures tr...

How long can the dollar's rally last? That is the question circulating in fundamental circles across the market. With risk aversion hitting a new level today, it is clear that the currency's safe have...

The Bank of Canada cut interest rates by 25bp to 2.25%. This move was smaller than the market expected but still represents 75bp of easing since the beginning of the month. With the Federal Reserve s...

We still expect the Fed to lower the Funds rate by another 50 basis points before the year's out with the odds favouring the move at the October 29 meeting. Economic data have been weaker-than-expecte...

In a speech tonight at the Economic Club in New York Federal Reserve Chairman Bernanke presented his most up-to-date assessment on the financial market and the economy. The Chairman left no doubt that...

Just a week after the Federal Reserve took part in a coordinated rate cut by lowering its benchmark lending rate 50 basis points to 1.50 percent, the markets are still forecasting another aggressive c...

The Federal Reserve has taken extreme measures over the past week in conjunction with the US Treasury, FDIC, and central banks around the world including the European Central Bank and Bank of England ...

Early this morning, in an unprecedented effort to re-start the interbank lending markets, the Federal Reserve in conjunction with the BoE, ECB, SNB and BoJ announced an extraordinary, unlimited liquid...

With three weeks to go until its next scheduled policy meeting, the Federal Reserve - in a coordinated effort with other central banks around the globe - cut its benchmark lending rate today by 50 bas...

With three weeks to go until its next scheduled policy meeting, the Federal Reserve - in a coordinated effort with other central banks around the globe - cut its benchmark lending rate today by 50 bas...

The Federal Reserve and central banks around the world, including the Bank of Canada, the Bank of England, the European Central Bank and the Swedish Riksbank each cut their main policy rate by 50 basi...

In a surprise decision, central banks in the industrialized world announced a coordinated half percentage point easing in monetary policy this morning. The message from all of the central banks was lo...

We have been literally begging the Federal Reserve, the European Central Bank and the Bank of England to work together to stem the bleed in equities and they have finally done it. For the first time s...

The FOMC surprised the markets by taking a preemptive approach in lowering borrowing costs, and cut 50bp to lower the benchmark interest rate to 1.50% from 2.00% early this morning. Furthermore, the E...

Rate cuts of 50 basis points were announced at 11:00 GMT jointly by the Fed, ECB, Bank of England (which will not meet tomorrow as scheduled), Swedish Riksbank, and Bank of Canada. The new benchmark r...

Just a few hours agowe wrote, "Overall however, the situation in global capital markets remains tense. We doubt that US equity markets will stabilize without additional policy initiatives from the Fed...

The US Federal Reserve along with the Bank of Canada, Bank of England, the European Central Bank, Sweden Riksbank and the Swiss National Bank acted in concert to reduce short term lending rates in pre...

In a coordinated action, the Fed, ECB, Bank of England, Bank of Canada, Swiss National Bank and Sveriges Riksbank (Swedish National Bank) cut the overnight lending rate by 50 basis points in response ...

Overview: Last night the Minutes of the FOMC meeting on 16 September were published following shortly after a speech in Washington by Fed. Chairman Bernanke on the economic outlook and financial marke...

During a speech to the National Association for Business Economics this afternoon, Federal Reserve Chairman Ben Bernanke opened the door to rate cuts at their next meeting on October 29. In his commen...

Minutes of the September 16 meeting were the Federal Open Market Committee decided to leave its benchmark interest rates steady at 2.0% disappointing markets that highly expected a rate cut in light o...

The Federal Reserve has taken a drastic step in order to unfreeze the US commercial paper market. The central bank announced in a statement today that it will create a special purpose vehicle to purch...

The Federal Reserve said today that will create a Commercial Paper Funding Facility (CPFF) to help provide liquidity to term funding markets. The Treasury believes this facility is necessary to preven...

The Federal Reserve announced a plan today to jumpstart the commercial paper market by purchasing 3-month unsecured and asset-backed commercial paper directly from issuers. The plan, which is called t...

September payrolls fell by 159K, worst decline since May 2007, while the unemployment rate held at 6.1%. Although unchanged, the unemployment rate is widely expected to breach above the 6.3% rate in c...

The worst of the financial crisis seems to have passed; but uncertainty over the markets' health and the long-term implications to growth are still weighing heavily on Fed rate expectations and the US...

Swap lines between the Federal Reserve Bank and other central banks are temporary credit lines that enable the Fed to draw foreign exchange and the other monetary authorities simultaneously to acquire...

The US leading economic index for the US fell more than expected in August at a rate of 0.5 percent, marking the second consecutive decline. Looking at a breakdown of the leading indicator, the sharp ...

The Federal Reserve has been trying to put out fires all over the financial markets; but the damage may be to wide spread to return the markets back to normal anytime soon. With rumors of additional b...