Archive for the ‘Financial Times’ tag
Fed’s Stern Says Credit Crunch to Last Longer, Could Get Worse
In an interview with the Financial Times over the weekend, Minneapolis
Fed President Gary Stern (voter) said the credit
crunch in the U.S. would last for several more months and
conditions could deteriorate further.
The Fed Won’t Hike at Upcoming Meeting, WSJ and FT Say
The Federal Reserve won’t hike interest rates on June
25 and may not hike in August, articles in the Wall Street Journal and
Financial Times suggest.
The articles follow up a story in Monday’s Washington Post that cited
unnamed sources and said Federal Reserve Chairman Ben Bernanke has
no plans to raise rates. Combined, they suggest a co-
ordinated effort by policy-makers to cool market expectations for rate
hikes which have been aggressively pricing in rate hikes to cool
inflation.
U.S. Policy-Makers Concerned About ECB Hawkishness, FT Says
Monetary officials in the United States are concerned about further
U.S. dollar weakness after officials at the European Central
Bank said it may hike interest rates as soon as next month, the
Financial Times reported Monday.
On Thursday, ECB President Jean-Claude Trichet said an interest rate
hike was “possible” in…