Politics
US Federal Reserve holds Key interest rate steady at Zero +
The US Fed said Wednesday that the US economic activity has continued to ” strengthen,” and decided to keep a Key interest rate unchanged at a record low of between Zero to 0.25% to bolster up the economy.
In recent weeks, household spending is expanding at a moderate rate but remains constrained by a weak labor [...]
US Fed holds Key interest rate near Zero
The US Federal Reserve said Wednesday that the US economic activity has continued to “pick up,” and it decided to keep a Key interest rate unchanged at a record low of between Zero to 0.25 % to help buildup the economy.
Information received recently suggested that “economic activity has continued to pick up and that the [...]
White House plans to extend Green Tax break
The Obama administration said Wednesday that it plans to extend tax breaks for clean energy investment by US$5B, hoping to simultaneously create jobs and increase the use of renewable energy.
The proposal, which has to be approved by Congress, would allow new or expanded manufacturers of technology such as solar panels and wind turbines to receive [...]
Big Breaking News: Wall Street Investment Banks profit from trades with US Fed
Wall Street banks are reaping outsized profits by trading with the US Federal Reserve, raising questions about whether the central bank is driving hard enough bargains in its dealings with private sector counterparties, officials and industry executives say.
The Fed has emerged as one of Wall Street’s biggest customers during the financial crisis, buying massive amounts [...]
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