Federal Reserve Leaves Interest Rates Unchanged

Orlando Vargas | 07 May, 2017, 15:24

United States economic growth slowed to an annual rate of 0.7 per cent for the first quarter of the year and the expectation was that the Fed would hold interest rates steady, after a key measure of inflation showed price increases moderating during March.

FED IN FOCUS: U.S. interest rates remained unchanged after the latest policy meeting by the Federal Reserve, which also said it expects the U.S. economy, the world's biggest, to start growing at a faster pace. Investors should expect another rate hike next month, he said.

"The ECB (European Central Bank) may be talking about policy normalization, but at the end of the day they're still easing; they're still expanding the balance sheet", said Barclays currency strategist Hamish Pepper, in London. Eastern time. The moves might have reflected the Fed's dual message that while now isn't the time to resume raising rates, the economy remains durable enough to withstand further hikes soon. "We are still on track for a rate hike at the committee's next meeting in June, although poor jobs data later this week could cloud the issue.".

Ahead of the release, investors saw about a 70 percent chance of a rate increase at or by the Fed's June meeting, based on trading in fed funds futures. The odds of a June rate hike were 67%.

The weak US auto sales figures could make market participants wary of actively buying the dollar against the yen for now, said Satoshi Okagawa, senior global markets analyst for Sumitomo Mitsui Banking Corporation in Singapore.

Trump's 100-days promises: Fewer than half carried out
Trump's overall approval rating is now at 42 percent, according to an aggregate of polls analyzed by the website FiveThirtyEight. With his tweets and his bravado, Trump is putting his mark on the presidency in his first 100 days in office.

Joshua-Fury fight 'miles away', says Hearn
He's back in training and he's getting into shape and that's good for boxing, so I hope that he comes back to his very best. We all saw [his career] had a life and death situation against Klitschko, but Klitschko couldn't land a glove on me.

Chelsea calm nerves and extend lead with win over Southampton
Now on a seven-game winning streak in the league, Spurs have been unstoppable. "It's important to look at ourselves and not the other".

Data released last Friday showed the slowest pace of expansion in USA gross domestic product (GDP) for three years. For example, American consumers say they continue to be upbeat about their economic prospects, but government figures prove shoppers aren't backing that confidence with higher spending rates. That was down from 3.5% the previous quarter. This assessment will take into account a wide range of information, including measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial and global developments.

The U.S. added just 98,000 net new jobs in March, the fewest in a year, although economists said weather was probably a factor.

The Fed statement said while household spending has risen only modestly "the fundamentals underpinning the continued growth of consumption remained solid".

Furthermore, the central bank anticipates growth to pick up again.

Treasurys are under pressure after the Federal Reserve held its key rate in a range between 0.75% and 1.00%. Fed Chair Janet Yellen will speak in at 1:30 p.m. ET and top brass San Francisco Fed President John Williams, St. Louis Fed President James Bullard and Fed Vice Chair Stanley Fisher are all due to speak Friday as well.

'SNL' Mocks Joe Scarborough & Mika Brzezinski For Sexual Chemistry & Engagement

Sore ankle keeps Raptors G Lowry out of starting lineup

Trump says North Korea's Kim Jong-un is a 'pretty smart cookie'
The US supply ship is expected to refuel other American warships, including the USS Carl Vinson strike group, now in the region. Dave Benham, a spokesman for the US Pacific command, the launched missile blew up over North Korean territory Saturday.

07 May 2017

Over 300 participate in annual Relay for Life
The event remembers and honors those with cancer, those who have survived cancer, and those who have lost their fight with cancer. The Richburgs have always been supportive of Clarendon County Relay for Life, but now the event has new meaning for the family.

07 May 2017

Xbox Project Scorpio's development video reveals frame rate counter
Nintendo were punished for the Wii U's weak launch line-up and rewarded with the superior Switch and Zelda: Breath Of The Wild. This machine would have represented Sony's entry into the game hardware market if only Nintendo did not back out on the deal.
07 May 2017

Letter Carriers deliver to Stamp Out Hunger
The Stamp Out Hunger food drive, held on the second Saturday in May, has become the nation's largest single-day food drive. Last year, the NALC collected 80.1 million pounds of food in 10,000 cities and towns across the country.

US Service Member Dies During Somalia Operation
The militants were "associated with some attacks on facilities that we use and that our Somali partners use nearby", said Capt. The U.S. military has acknowledged the problem. "Two other U.S. service members were wounded in the incident", she said.

07 May 2017

Guardians of the Galaxy Vol. 2
Gunn revealed: "We realise that Gef has been on the ship the entire time mortally wounded". Now, it has been confirmed that Stan Lee's character has a stated objective .
07 May 2017

Oilers vs. Ducks 2017 live stream
Now, you have to win the face-offs to make that work if you're the Ducks, and they have been about two-thirds of the time . Some who live down here even turned up to watch games 3 and 4 of the series while they were happening back at Rogers Place.

Internet firms winding up for a fight on 'net neutrality'
Pai, a former lawyer for Verizon , has always been an opponent of net neutrality and has called the rules " heavy handed ". The Republican argues the regulations have cost jobs and have kept lower-income and rural areas behind the times.

07 May 2017

Lakers 'enamored' with Lonzo Ball
The NBA Draft Lottery is swiftly approaching and the top prospects are preparing to have their lives changed forever. Thanks to the Lakers' late-season win streak, the chances of them getting a top two pick is unlikely at this point.
Sore ankle keeps Raptors G Lowry out of starting lineup
The Raptors hope that he regains the scoring touch that was absent in Game 2 . "For whatever reason it's escaping us right now". DeMar DeRozan scored 37 points and Jonas Valanciunas had 19 for the Raptors, who were without three-time All-Star Kyle Lowry.

07 May 2017

Trump mulls additional troops as stalemate in Afghan grinds on
She says the intention is to adjust the approach in Afghanistan to break what commanders say is a stalemate. The Pentagon is considering sending additional troops to Afghanistan to "move beyond the stalemate".

07 May 2017

Thomas scores 53, Celtics beat Wizards 129-119 in OT
Draymond Green had six assists and a team-high eight rebounds to go with 17 points for Golden State, which is 5-0 in the playoffs. And it came after he spent more than 10 hours in dental surgery on Monday and Tuesday after losing a tooth in Game 1 on Sunday.

Klopp relishing positive pressure ahead of Saints clash Nonetheless, they are in danger of recording successive league defeats at Anfield for the first time since September 2012. The Reds had a wonderful last weekend to contemplate on, with all their rivals directly below them dropping points.

'SNL' Mocks Joe Scarborough & Mika Brzezinski For Sexual Chemistry & Engagement It was announced early Thursday morning that the hosts of MSNBC's 'Morning Joe' have gotten engaged. Joe Scarborough and Mika Brzezinski, co-hosts of MSNBC's "Morning Joe", are tying the knot.

WWE Smackdown: Kevin Owens assaults Chris Jericho Although, I assume this is just a holdover until The New Day arrives to serve the Usos with a great big bowl of Booty Os. When asked if he went too far in the post-match beatdown to Chris Jericho, Owens says no and asks Shane what he thinks.

Marcelo saves Real Madrid after Ronaldo misses penalty Messi, who had scored a brace of goals in the last three league matches, set up Ivan Rakitic in the 76th. Barcelona take the top spot thanks to their head-to-head record against Real.

US needs September 'shutdown' to fix Senate 'mess' He's touting a "massive and badly needed" increase in military funding as well as additional money for border security . Asked how the president would define a "good shutdown", Mulvaney suggested "it would be one that fixes this town".

Zinedine Zidane plays down reports of Real Madrid interest in Kylian Mbappe Every major club in Europe are keen to sign the 18-year-old - including Arsenal who are among those ready to spend £85million to make it happen.

Building On Last Year's Record Results, Randgold Makes Strong Start to 2017 The average 12 month price objective among brokerages that have issued a report on the stock in the previous year is $97.50. Randgold operates five gold mines in Africa - three in Mali, one in Ivory Coast and one in the Democratic Republic of Congo.

Mint julep: The origins of the Derby's official drink They contain only three simple ingredients: mint, simple syrup, and bourbon! Half fill glass with crushed ice and add bourbon . Let's get this out of the way: There's no Mint Julep recipe on earth that isn't going to upset some someone.

State Street Corp Buys 7962 Shares of Coca-Cola Bottling Co. Consolidated (COKE) CCEP is a result of last year's combination of CCE with Coca-Cola Iberian Partners and the German division of The Coca-Cola Co. Stock exchanged hands with the total volume of 4.58 Million shares, as contrast to its average volume of 1.96 Million shares.

Excessive use of smartphones may delay speech development in toddlers Parents should co-view media with children to help them understand what they are seeing and apply it to the world around them. But those who spent the most time on handheld devices were found to struggle with communication skills.

Hit by NASCAR penalty, Logano says team doesn't cheat Is it going to be tough? Yes. "From what I've been told, we just had a small gap underneath the truck arm to the housing". Logano's winning auto was cited for a rear suspension violation that was discovered during teardown in North Carolina.

House repeal of 'Obamacare' hands hot potato to wary Senate He said he'd make sure that "those who are impacted by this epidemic can continue to receive treatment", the AP reported . Employer- and government-based plans, prior to Obamacare, represented 90 percent of Americans with health insurance.

Odisha CM Naveen Patnaik reshuffles his cabinet Ministers of State: Nrushingha Sahu, Anant Das, Chandra Sarathi Behera and Sushant Singh. Nirajnan Pujari, earlier the Speaker, has been inducted as a minister.

Buffett cuts stake in IBM and shares slide With the initial sightseeing behind them, it's down to business Saturday as the meeting gets underway at the CenturyLink Center. "Economists can argue about [the impacts on behavior from lower taxes] a lot, but I've seen it in action", Buffett said .

Woman caught smuggling three pounds of heroin taped to her buttocks Officers reportedly found over 10 lbs of heroin, after a narcotics-detection canine was alerted to the back of the auto . A woman tried to stroll across the border with around $45,000 of heroin strapped to her backside, according to the U.S.

Federal Reserve Leaves Interest Rates Unchanged

Recommended