Connect to share and comment

Fed's Williams sees rate hike in mid-2015 as jobless rate falls

By Ann Saphir SEATTLE (Reuters) - The Federal Reserve will probably need to start raising short-term U.S. interest rates in the middle of next year as economic growth picks up and the jobless rate falls, a top Fed official said on Wednesday. "My own view, based on my own forecast, is that it would be sometime around the middle of next year. It could be later or earlier, depending on how the economy does," San Francisco Fed President John Williams told reporters after a speech to students at the University of Seattle.

Fed maintains stimulus program, lowers growth forecasts

WASHINGTON, Sept. 18 (Yonhap) -- The Federal Reserve on Wednesday left its stimulus program intact, contrary to market expectations, saying the U.S. economy is forecast to grow more slowly than expected. After two days of a Federal Open Market Committee meeting, Fed policymakers decided to continue to spend $85 billon per month for asset purchases and held the federal funds rate range at 0-0.25 percent.

key rate-April outlook

SEOUL, April 4 (Yonhap) -- A majority of analysts from South Korean brokerages and think tanks forecast the central bank may lower the key interest rate in the coming months as it is under growing pressure to join the government's stimulus drive, a survey showed Thursday. Nine out of 12 analysts polled by Yonhap News Agency said that the Bank of Korea (BOK) is likely to cut the benchmark 7-day repo rate at least one time this year. Six analysts anticipated a rate cut on April 11.
Syndicate content