Following are the minutes of the Federal Reserve’s Open Market Committee meeting that concluded on May 1.
Australia’s benchmark bond yield is offering the smallest premium over U.S. notes in 11 months as the sharpest predicted growth slowdown in four years spurs bets on further interest rate cuts.
Federal Reserve Governor Sarah Bloom Raskin said income inequality and government cutbacks may slow economic growth for years.
Treasury 10-year note yields traded at almost the lowest level in almost a week as Federal Reserve officials debated the pace of asset purchases amid mixed economic data.
Sales of U.S. dollar-denominated bonds in Asia outside Japan rose to the highest in more than a month this week as borrowing costs hovered close to record lows.
The extra yield investors demanded to hold 10-year notes in the U.S. instead of Japan was within four basis points of the narrowest level in four months as the Asian nation’s economy expands faster than analysts expected.
The wealth effect from rising house prices may not be as effective as it once was in spurring the U.S. economy.
Federal Reserve Governor Sarah Bloom Raskin said the Fed should press on with record easing, predicting that current policy will increasingly improve the economic outlook for low-income Americans.
The following is a reformatted version of the full text of the statement released today by the Federal Reserve in Washington:
Following are the minutes of the Federal Reserve’s Open Market Committee meeting that concluded on March 20.
"Real disposable incomes have not been rising at a robust level."
- Sarah Bloom Raskin on May 16, 2013