US Federal Reserve - updates

Rappler's latest stories on US Federal Reserve

ARTICLE FINDER

U.S. Federal Reserve leaves key rate unchanged amid mixed economic signals

May 02, 2019 - 5:25 PM

The United States Federal Reserve votes unanimously to keep the benchmark interest rate in a range of 2.25% to 2.5%

Federal Reserve Board Chair Jerome Powell speaks during a press conference after a Federal Open Market Committee meeting in Washington, DC, on May1, 2019. - The US Federal Reserve decided Wednesday to keep its benchmark interest rate unchanged amid mixed signals about the direction of the US economy. (Photo by MANDEL NGAN / AFP)

U.S. Fed now expects no rate hikes in 2019

Mar 21, 2019 - 1:50 PM

The United States Federal Reserve's surprising change of direction follows the 4 rate increases in 2018

Federal Reserve Chairman Jerome Powell during a press briefing following a Federal Open Market Committee meeting March 20, 2019 in Washington, DC. - Powell said Wednesday it could be "some time" before the US central bank will have to change the key lending rate. The Fed kept the benchmark borrowing rate unchanged and forecast no more increases this year. (Photo by Brendan Smialowski / AFP)

Fed to hold fire on interest rates as world economy slows

Mar 17, 2019 - 11:10 PM

Economists also expect the United States Federal Reserve to once again lower the number of rate hikes projected in 2019

U.S. FEDERAL RESERVE. Chairman Jerome Powell speaks during a news conference in Washington, DC, on March 21, 2018. File photo by Alex Wong/Getty Images/AFP

U.S. Federal Reserve assists Bangladesh over cyberheist case vs RCBC

Feb 02, 2019 - 6:47 PM

'This agreement demonstrates that the New York Fed and Bangladesh Bank are aligned in the pursuit of recovering the funds and directing litigation against those who were complicit in or benefitted from the fraud,' says the US Federal Reserve Bank and Bangladesh's central bank

CENTRAL BANK. A cornerstone in the Federal Reserve Bank of New York building is seen on July 29, 2011 in New York City. Andrew Burton/Getty Images/AFP

U.S. Fed raises benchmark interest rate

Sep 27, 2018 - 11:55 AM

US President Donald Trump says he is 'not happy' about the move of the central bank

U.S. FEDERAL RESERVE. Chairman Jerome Powell speaks during a news conference in Washington, DC on March 21, 2018. File photo by Alex Wong/Getty Images/AFP

U.S. Fed to hold fire amid rising market sensitivity

Apr 29, 2018 - 11:50 PM

Investors will be looking for signs of how concerned US officials appear to be about rising wages and inflation

WASHINGTON, DC - MARCH 21: U.S. Federal Reserve Chairman Jerome Powell speaks during a news conference March 21, 2018 in Washington, DC. The Fed today as expected announced a quarter-point increase in interest rates under its new chairman. Alex Wong/Getty Images/AFP

PH economy reverts to hot money outflows of $545 million in February

Mar 15, 2018 - 9:35 PM

The Bangko Sentral ng Pilipinas attributes the net outflows to investor concerns over the possibility of a US Federal Reserve rate hike

New leader to take the helm at U.S. Federal Reserve

Feb 04, 2018 - 10:09 AM

Jerome Powell takes over at a remarkably quiet time following a decade of economic turmoil that forced the central bank into uncharted policy waters to try to recover from the global financial crisis

NEW FED CHAIR. In this file photo, Jerome Powell testifies during his confirmation hearing before the Senate Banking, Housing and Urban Affairs Committee November 28, 2017 on Capitol Hill in Washington, DC. Alex Wong/Getty Images/AFP

Fed's Yellen says no risks to stability 'flashing red' as markets boom

Dec 14, 2017 - 7:29 AM

Janet Yellen also did not express much concern about digital currency bitcoin which has seen a meteoric rise in recent weeks

WASHINGTON, DC - DECEMBER 13: Federal Reserve Chair Janet Yellen speaks during her last news conference in office December 13, 2017 in Washington, DC. Yellen announced that the Federal Reserve is raising the interest rates by a quarter point to 1.5%. Alex Wong/Getty Images/AFP

Janet Yellen to depart U.S. Federal Reserve in February

Nov 21, 2017 - 7:00 AM

In her resignation letter to Donald Trump, Yellen said she is pleased by the US economy's continuing recovery from the Great Recession of 2008-2009

STEPPING DOWN. In this file photo, Federal Reserve Board Chair Janet Yellen holds a news conference December 14, 2016 in Washington, DC.  Chip Somodevilla/Getty Images/AFP

Trump taps Jerome Powell to lead U.S. Federal Reserve

Nov 03, 2017 - 11:56 AM

President Donald Trump has decided not to reappoint current Fed Chair Janet Yellen, the first woman to oversee monetary policy, despite praising her excellent management of the US economy over the past 4 years

NOMINEE. US President Donald Trump walks with Jerome Powell, his nominee to be Federal Reserve chairman, at the White House in Washington, DC, on November 2, 2017. Photo by Nicholas Kamm/AFP

Trump set to undo another Obama legacy with Fed pick

Nov 02, 2017 - 10:04 AM

(UPDATED) Jerome Powell, a Federal Reserve Governor, is Donald Trump's pick to replace Janet Yellen at the helm of the US central bank

OUTGOING AND INCOMING. This combination of pictures created on October 31, 2017 shows a September 20, 2017 photograph of current Federal Reserve Chair Janet Yellen (L) in Washington, DC and a June 5, 2012 photograph courtesy the US Federal Reserve of Governor Jerome H. Powell. Photos by Saul Loeb/AFP (Yellen) and Britt Leckman/US Federal Reserve (Powell)

U.S. Fed begins two-day meeting as Yellen era appears set to close

Nov 01, 2017 - 8:10 AM

The White House is slated to unveil President Donald Trump's nominee for Fed chair on Thursday, November 2, the day after the meeting concludes

WASHINGTON, DC - DECEMBER 14: Federal Reserve Board Chair Janet Yellen holds a news conference December 14, 2016 in Washington, DC. Chip Somodevilla/Getty Images/AFP

Peso weakens, Mahmud Ahmad dead, DBM usec fired | Midday wRap

Oct 20, 2017 - 12:59 PM

Watch the midday newscast with Margie de Leon

Philippine peso weakens to new 11-year low

Oct 19, 2017 - 7:10 PM

The Philippine peso closes at P51.530 to $1 on Thursday, October 19, its weakest since August 24, 2006

Number two at U.S Federal Reserve to step down

Sep 07, 2017 - 7:35 AM

With Federal Reserve Vice Chair Stanley Fischer s departure President Donald Trump will be able to name the top three officials on the board including Fed Chair Janet Yellen whose term expires February 3

The US Federal Reserve building is seen August 1, 2015 in Washington, DC. Karen Bleier/AFP

10 years ago: A harbinger of 2008 financial crisis

Aug 15, 2017 - 1:30 PM

The first signs of the 2008 financial crisis showed up in August 2007

IN THE RED. In this file photo, an investor reacts as he monitors the share index at a private stock market gallery in Kuala Lumpur on September 18, 2008. AFP file

Peso breaches $1 to 50 mark again

Jun 20, 2017 - 6:54 PM

'It is a reaction to external developments, particularly the hawkish statements of Fed officials overnight,' says BSP Governor Amando Tetangco Jr

Philippine stocks, peso down on another U.S. Fed hike

Jun 15, 2017 - 8:45 PM

The US Federal Reserve s decision to raise the benchmark interest rate for the 2nd time this year is the primary market mover on Thursday June 15

ANTICIPATED. The US Federal Reserve's decision to raise interest rates for the second time this year is a move widely expected by economists and investors. Rappler file photo

US Fed raises key rate, signals one more hike in 2017

Jun 15, 2017 - 7:13 AM

Federal Reserve Chair Janet Yellen says the move reflects the progress in the world s largest economy which continues to add jobs at a solid pace

FED HQ. The US Federal Reserve building is seen August 1, 2015 in Washington, DC. Karen Bleier/AFP

U.S. Fed: New rate hike likely coming 'soon'

May 25, 2017 - 10:35 AM

Most analysts expect two more rate increases this year likely in June and in September but there are now doubts over that schedule

RATE HIKE. Federal Reserve Board Chair Janet Yellen holds a news conference after the central bank announced an increase in the benchmark interest rate following a Federal Open Market Committee meeting on December 14, 2016 in Washington, DC. File photo by Chip Somodevilla/Getty Images/AFP

BSP likely to leave rates unchanged after another U.S. Fed hike

Mar 16, 2017 - 5:50 PM

An economist says the strategy to hike early on has allowed the BSP to stand pat in the face of 3 Fed rate hikes to date

WIDELY EXPECTED. BSP Governor Tetangco says the Fed rate hike is widely expected and already priced in. Screenshot from BSP Youtube page

U.S. Fed raises benchmark interest rate a quarter point

Mar 16, 2017 - 7:55 AM

But US Federal Reserve Chair Janet Yellen says they have yet to discuss the potential impact of US President Donald Trump s planned tax cuts and infrastructure spending

WASHINGTON, DC - MARCH 15: Federal Reserve Board Chairwoman Janet Yellen holds a news conference following a meeting of the Federal Open Market Committee March 15, 2017 in Washington, DC. Yellen announced that the Fed raised its benchmark interest rate for the third time since the 2009 global financial crisis, earlier than markets anticipated at the beginning of this year. Chip Somodevilla/Getty Images/AFP

Inflation hits over 2-year high of 3.3% in February

Mar 07, 2017 - 2:20 PM

February 2017 s inflation level is the highest since November 2014 but the Bangko Sentral ng Pilipinas says the figure still falls within its target range

A poultry vendor examines chickens at a public market in Manila, 08 June 2005, amid reports of a bird flu outbreak. The Philippines on Friday confirmed the country's first case of bird flu in an isolated farm outside of Manila, but said the risk to human health was next to zero. AFP PHOTO / AFP PHOTO / STR

With vacancies, Trump gains chance to reshape U.S. Fed

Feb 14, 2017 - 11:08 AM

US President Donald Trump s influence over the US central bank may grow significantly following the resignation of a Federal Reserve governor who helped drive banking regulation following the 2008 financial crisis

The US Federal Reserve building is seen August 1, 2015 in Washington, DC. Karen Bleier/AFP

For the U.S. Fed, 'Trump-onomics' not yet in effect

Jan 29, 2017 - 12:55 PM

The outlook looks a bit stronger both in the United States and the world says an economist ahead of another meeting for the policy setting Federal Open Market Committee

STANFORD, CA - JANUARY 19: Federal Reserve Board Chairwoman Janet Yellen discusses monetary policy and the economic outlook at Stanford University on January 19, 2017 in Stanford, California. Elijah Nouvelage/Getty Images/AFP

Citing Trump 'uncertainty,' Fed says faster rate hikes possible

Jan 05, 2017 - 1:05 PM

US President elect Donald Trump s pledge to slash taxes and ramp up infrastructure spending could boost demand above sustainable levels

WASHINGTON, DC - DECEMBER 14: Federal Reserve Board Chair Janet Yellen holds a news conference after the central bank announced an increase in the benchmark interest rate following a Federal Open Market Committee meeting December 14, 2016 in Washington, DC. With unemployment low and concern over inflation on the rise, the central bank decided to raise the federal interest rate by a quarter of a percentage point, moving from 0.25-0.50 percent to a range of 0.50 and 0.75 percent. Chip Somodevilla/Getty Images/AFP

PH peso nears P50 again

Dec 20, 2016 - 8:25 PM

This is its weakest level in over a decade or since closing at P50 12 to 1 on November 16 2006

WEAKEST. This was its weakest level in over a decade or since closing at P50.12 to $1 in Nov. 16, 2006. Rappler file photo

How a Fed rate hike impacts the Philippine economy

Dec 15, 2016 - 12:18 PM

Economists agree that the Philippines may be in for some rough sailing but will ultimately weather the storm

HIT ON THE CHIN. For BPI's lead economist, the 25 basis points hike on December 14 already seems to be priced in.

U.S. Fed raises key interest rate, sees 3 hikes in 2017

Dec 15, 2016 - 7:39 AM

Fed chair Janet Yellen says the rate hike can be seen as a vote of confidence in the US economy

Federal Reserve Board Chair Janet Yellen holds a news conference after the central bank announced an increase in the benchmark interest rate following a Federal Open Market Committee meeting December 14, 2016 in Washington, DC. Chip Somodevilla/Getty Images/AFP

Philippine peso strengthens anew against dollar

Nov 28, 2016 - 6:15 PM

The local currency ends stronger for the 2nd straight trading day closing at P49 710: 1 on Monday following Friday s P49 840: 1

AN ADVANTAGE? While the weaker peso means higher debt servicing for the government, it is 'positive' for some firms whose revenues are denominated in US dollars. Rappler file photo

PH peso weakens further on heightened Fed hike worries

Nov 22, 2016 - 8:40 PM

The local currency remains generally weak slumping to its worst level since November 20 2008 when it ended at P49 999: 1

FRESH 8-YEAR LOW. The local currency ends at P49.85:$1 on Tuesday, weaker than the P49.83:$1 on Monday, November 21. Rappler file photo

Japan quake, Marcos burial, peso drop | Midday wRap

Nov 22, 2016 - 2:12 PM

Watch the midday newscast with Zak Yuson

PH peso sinks to fresh 8-year low of P49.83:$1

Nov 21, 2016 - 8:45 PM

This is the same level when the peso traded at P49 83: 1 on November 24 2008 – the height of the global financial crisis

8-YEAR LOW. On Monday, November 21, the local currency ended at P49.830:$1, weaker from P48.78:$1 on Friday, November 18.

Economists see PH on higher growth track for Q4 and 2017

Nov 20, 2016 - 6:25 PM

The Christmas season is expected to boost consumption and set up the economy for a strong finish to the year despite market and peso worries

Federal Reserve chief Yellen vows to serve out term as chair

Nov 18, 2016 - 12:37 AM

Yellen adds that under no circumstances would she leave the Federal Reserve before her 4 year term as chair expires at the end of January 2018

JANET YELLEN. Federal Reserve Chair Janet Yellen testifies before the Joint Economic Committee of Congress on Capitol Hill in Washington, DC, November 17, 2016. Photo by Jim Watson/AFP

PH peso sinks to near 8-year low of P49.20 to $1

Nov 14, 2016 - 9:00 PM

The November 14 closing is the Philippine peso s weakest level against the US dollar since December 4 2008

8-YEAR LOW. It was the peso's weakest level against the US dollar since December 4, 2008, where it closed at P49.370:$1.

Trump's victory challenges Fed policy, independence

Nov 10, 2016 - 3:10 PM

Some analysts say a rate increase could again be off the table after Donald Trump won the US presidential election

This combination of file photos shows Federal Reserve Board Chair Janet Yellen(L) and Reuplican presidential nominee Donald Trump. When the US Federal Reserve issues its next interest rate decision on November 2, 2016, the dawn of a bitterly fought presidential election day will be only 136 hours away. Trailing in opinion polls, Republican nominee Donald Trump has lambasted the central bank and accused it of artificially suppressing rates to help President Barack Obama -- a charge Fed Chair Janet Yellen has emphatically denied.  / AFP PHOTO / DESK

Dominguez: Fed rate hike talks mainly caused peso depreciation

Nov 02, 2016 - 7:30 PM

On Wednesday November 2 the Philippine peso slightly strengthens against the US dollar as the greenback weakens on growing concerns over the US elections

Finance Secretary Carlos Dominguez III says that the country's growth momentum, coupled with low inflation rate, stable currency, and strong political leadership of the Duterte administration, has earnestly opened the doors for business with other nations. Photo by King Rodriguez/Presidential Photo

Diokno contradicts Duterte: No US manipulation of PH peso

Sep 28, 2016 - 6:35 PM

It s a rational behavior of short term investors says Budget Secretary Benjamin Diokno

NO US MANIPULATION. Budget Secretary Benjamin Diokno says there is no US manipulation of Philippines peso, as earlier alleged by President Rodrigo Duterte. Photo by Camille Elemia/Rappler

Clinton vs Trump, Duterte, vs Abu Sayyaf, Philippine peso drop | 12PM wRap

Sep 27, 2016 - 12:31 PM

Watch the 12PM wRap with Maria Ressa

Peso hits 7-year low vs US dollar

Sep 26, 2016 - 7:00 PM

The Philippine peso closes at P48 25 to 1 on Monday September 26 amid domestic and global uncertainty

US Federal Reserve keeps key interest rate on hold

Sep 22, 2016 - 11:10 PM

Fed Chair Janet Yellen denies that politics is a factor in the decision making of the Federal Open Market Committee

Federal Reserve Chair Janet Yellen speaks during a press conference following the announcement that the Fed will leave rates unchanged, in Washington, DC, September 21, 2016. The Federal Reserve kept its benchmark interest rate unchanged for the sixth straight meeting Wednesday, saying it needs to see more signs of strength in the US economy. / AFP PHOTO / SAUL LOEB

Divided Fed wanted to keep rate 'options open'

Aug 18, 2016 - 11:25 PM

Minutes of the US Federal Reserve s July meeting show inflation is foremost on policy makers minds

(FILES) This file photo taken on August 9, 2011 shows the US Federal Reserve building in Washington, DC.  US Federal Reserve policy makers last month believed risks to the US economy had lessened but wanted to keep their interest rate policy "options open", according to minutes released August 17, 2016. / AFP PHOTO / KAREN BLEIER

Fed leaves rates unchanged but says US economy improving

Jul 28, 2016 - 5:00 PM

There s still the possibility of an increase in the benchmark federal funds rate by December

NEW YORK, NY - JULY 27: American flags are displayed outside the New York Stock Exchange (NYSE) during the evening of July 27, 2016 in New York City. The dollar fell Wednesday as the U.S. Federal Reserve's latest policy statement caused investors to reassess expectations for interest rate increases in the coming months. Kena Betancur/Getty Images/AFP

US economy still tracking 'modest' growth – Fed report

Jul 14, 2016 - 6:00 PM

The outlook was generally positive across broad segments of the economy including retail sales manufacturing and real estate says the US Federal Reserve

epa05344762 US Federal Reserve Chair Janet Yellen (C) attends an open meeting of the Board of Governors of the Federal Reserve System, with Vice Chair Stanley Fischer (L) and Federal Reserve Governor Daniel Tarullo (R); at the Marriner S. Eccles Federal Reserve Board Building, in Washington, DC, USA, 03 June 2016. EPA/MICHAEL REYNOLDS

Hague ruling won't affect PH, China credit ratings – Moody's

Jul 13, 2016 - 7:40 PM

We assess geopolitical strains as posing a very low risk of weighing on sovereign credit trends in China or the Philippines says Moody s senior vice president Marie Diron

POLICY PAPER. Pamphlets titled 'Facts and Policy; The China-Philippine Dispute in the South China Sea' and the policy paper on China's position on the ruling of an international tribunal on the South China Sea are seen beside a reporter during a press conference in Beijing, China on July 13. Photo by How Hwee Young/EPA

IMF retains PH growth outlook for 2016 despite global headwinds

Jul 12, 2016 - 9:45 PM

The Philippines is seen to survive the twin threats of the Brexit fallout and an impending interest rate hike by the US Fed

Fed was divided in June over hiking interest rates soon

Jul 07, 2016 - 1:30 PM

Almost all participants said the weak May labor report led to growing uncertainty according to minutes of the meeting

epa05367807 US Federal Reserve Chair Janet Yellen speaks at a press conference after announcing that the Federal Reserve plans to leave interest rates unchanged in Washington, DC, USA, 15 June 2016. Yellen hinted that the Federal reserve may still increase interest rates on two occasions before the end of the year. EPA/JIM LO SCALZO

Central banks move to reassure markets after Brexit

Jun 25, 2016 - 11:00 AM

Britain s decision to leave the EU – following a bitterly contested referendum – has rocked global stock markets and sent the pound crashing to its lowest level in more than 3 decades

AFTER BREXIT. This file photo shows a Euro symbol projected onto the European Central Bank (ECB) in Frankfurt am Main, Germany March 12, 2016. File photo by Boris Roessler/EPA