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Federal Reserve News

• Wage Gains in U.S. Lay Ground for Stronger Consumer Spending This Year

  Updated 11 minutes ago

  The biggest six-month increase in U.S. worker pay in almost five years helps lay the ground for a pickup in consumer spending, the largest part of the economy.

• Dollar Advances on Improving U.S. Outlook; Yen Weakens to Nine-Month Low

  Updated 1 hour, 17 minutes ago

  The dollar rose to a nine-month high against the yen before U.S. reports next week forecast to show growth in the world’s biggest economy is gathering pace while deflation persists in Japan.

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  Copper Has Longest Bull Streak Since October

  Updated 19 minutes ago

  Copper traders are bullish for a fourth consecutive week, the longest streak since October, as manufacturing strengthens from China to the U.S. and stockpiles decline to the lowest in more than two years.

• Fed Funds Projected to Open at 0.10% to 0.14%, ICAP Says

  Fed funds, the U.S. overnight inter- bank lending rate, is projected to open at 0.10 percent to 0.14 percent, within the Federal Reserve’s target of zero to 0.25 percent.1

• Treasuries Set for Weekly Loss on Europe Efforts to Stem Crisis, Jobs Data

  Treasuries headed for a weekly loss as European officials took steps to contain the region’s debt crisis and data showed improvement in the U.S. economy.

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  Greek Swaps Headed Back to ISDA Committee

  Updated 21 minutes ago

  Holders of credit-default swaps on Greek bonds shouldn’t tear up their contracts after yesterday’s ruling against a payout.

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  Strong Asian Job Market May Cap Policy Easing

  Asia’s job markets are holding up even as the European crisis hurts exports, auguring stability in domestic demand that reduces the case for the region’s central banks to add monetary stimulus.

• Asian Currencies Rally a Third Week as U.S. Data Boosts Investor Sentiment

  Asian currencies advanced for a third week after reports signaled a pickup in U.S. economic growth, spurring inflows into emerging-market assets.

• Fed’s Williams Says Central Bank Should Keep Applying Stimulus Vigorously

  Updated 3 hours, 6 minutes ago

  Federal Reserve Bank of San Francisco President John Williams said the Fed should maintain an “extraordinarily supportive policy” to reduce an unemployment rate that will probably exceed 7 percent for years.

• Fed’s Williams Says Further Bond Purchases ‘Definitely Not Off the Table’

  Another round of U.S. monetary stimulus, known as QE3, will depend on how the economy performs and is “definitely not off the table,” said John Williams, president of the Federal Reserve Bank of San Francisco, in Honolulu today. He was responding to audience questions.

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