End Times and Current Events
March 29, 2024, 04:52:31 am
Welcome, Guest. Please login or register.

Login with username, password and session length
News: "Search the scriptures; for in them ye think ye have eternal life: and they are they which testify of me." John 5:39 (KJB)
 
  Home Help Search Gallery Staff List Login Register  

Will the Dollar Crash in 2014?

Shoutbox
March 27, 2024, 12:55:24 pm Mark says: Shocked Shocked Shocked Shocked  When Hamas spokesman Abu Ubaida began a speech marking the 100th day of the war in Gaza, one confounding yet eye-opening proclamation escaped the headlines. Listing the motives for the Palestinian militant group's Oct. 7 massacre in Israel, he accused Jews of "bringing red cows" to the Holy Land.
December 31, 2022, 10:08:58 am NilsFor1611 says: blessings
August 08, 2018, 02:38:10 am suzytr says: Hello, any good churches in the Sacto, CA area, also looking in Reno NV, thanks in advance and God Bless you Smiley
January 29, 2018, 01:21:57 am Christian40 says: It will be interesting to see what happens this year Israel being 70 years as a modern nation may 14 2018
October 17, 2017, 01:25:20 am Christian40 says: It is good to type Mark is here again!  Smiley
October 16, 2017, 03:28:18 am Christian40 says: anyone else thinking that time is accelerating now? it seems im doing days in shorter time now is time being affected in some way?
September 24, 2017, 10:45:16 pm Psalm 51:17 says: The specific rule pertaining to the national anthem is found on pages A62-63 of the league rulebook. It states: “The National Anthem must be played prior to every NFL game, and all players must be on the sideline for the National Anthem. “During the National Anthem, players on the field and bench area should stand at attention, face the flag, hold helmets in their left hand, and refrain from talking. The home team should ensure that the American flag is in good condition. It should be pointed out to players and coaches that we continue to be judged by the public in this area of respect for the flag and our country. Failure to be on the field by the start of the National Anthem may result in discipline, such as fines, suspensions, and/or the forfeiture of draft choice(s) for violations of the above, including first offenses.”
September 20, 2017, 04:32:32 am Christian40 says: "The most popular Hepatitis B vaccine is nothing short of a witch’s brew including aluminum, formaldehyde, yeast, amino acids, and soy. Aluminum is a known neurotoxin that destroys cellular metabolism and function. Hundreds of studies link to the ravaging effects of aluminum. The other proteins and formaldehyde serve to activate the immune system and open up the blood-brain barrier. This is NOT a good thing."
http://www.naturalnews.com/2017-08-11-new-fda-approved-hepatitis-b-vaccine-found-to-increase-heart-attack-risk-by-700.html
September 19, 2017, 03:59:21 am Christian40 says: bbc international did a video about there street preaching they are good witnesses
September 14, 2017, 08:06:04 am Psalm 51:17 says: bro Mark Hunter on YT has some good, edifying stuff too.
View Shout History
Pages: [1]   Go Down
  Print  
Author Topic: Will the Dollar Crash in 2014?  (Read 966 times)
Psalm 51:17
Global Moderator
Hero Member
*****
Offline Offline

Posts: 28357


View Profile
« on: January 29, 2014, 02:03:37 pm »

U.S. Federal Reserve cuts stimulus as expected
http://finance.yahoo.com/news/fed-poised-10-billion-taper-bernanke-bids-adieu-060550127--business.html
1/29/14

WASHINGTON (Reuters) - The U.S. Federal Reserve on Wednesday announced a further $10 billion reduction in its monthly bond purchases as it stuck to a plan to wind down its extraordinary stimulus despite recent turmoil in emerging markets.

Fed Chairman Ben Bernanke, who hands the central bank's reins to Vice Chair Janet Yellen on Friday, also adjourned his last policy-setting meeting without making any changes to the U.S. central bank's other main policy plank: its longer-term plan to keep interest rates low for some time to come.

In a statement after the two-day meeting, the Fed said "economic activity picked up in recent quarters," and largely shook off a surprisingly soft reading on December jobs growth.

"Labor market indicators were mixed but on balance showed further improvement," the central bank said.

Losses in U.S. stocks deepened after the announcement, while U.S. government debt prices rose, with yields on the benchmark 10-year note hitting the lowest level since late November. The dollar rose against the euro, but fell against the yen.

"The Fed's action today represents a continuation of its resolute determination to end (bond purchases) during 2014," said Daniel Alpert, managing partner at Westwood Capital in New York. "The policy has hit its 'sell by' date."

Importantly, policymakers stuck to their promise to keep rates near zero until well after the U.S. unemployment rate, now at 6.7 percent, falls below 6.5 percent, especially if inflation remains below a 2 percent target. Some analysts had speculated the Fed could alter this guidance, given how close the jobless rate now is to the rate-hike threshold.

The decision received unanimous backing from Fed policymakers. It was the first policy meeting without a dissent since June 2011 - a nice sendoff for Bernanke.

The Fed said it would buy $65 billion in bonds per month starting in February, down from $75 billion now. It shaved its purchases of U.S. Treasuries and mortgage bonds equally.

A report earlier this month showed a surprisingly sharp slowdown in job creation in December, but other economic signals - from consumer spending to industrial and trade - suggested the recovery closed out last year on solid ground.

The Fed launched its current round of bond purchases in September 2012. Last month, it decided to begin tapering the program, and the recent signs of economic health had led to a widespread expectation of a further reduction.

Indeed, the Fed's statement closely tracked the one it issued after its December 17-18 meeting, when it announced an initial $10 billion cut to the program.

At the time, Bernanke said the Fed would likely continue to taper the purchases in "measured" steps until the program was shelved later in the year, as long as the economy continued to heal.

A selloff in emerging market currencies and stocks in recent days, along with the disappointing December jobs report, had led some to speculate that the Fed could put its plans on hold.

The meeting was Bernanke's last before Vice Chair Janet Yellen moves into the top spot.

He took the Fed far into uncharted territory during his eight years on the job, building a $4 trillion balance sheet and keeping interest rates near zero for more than five years to pull the economy from its worst downturn in decades.
Report Spam   Logged


Pages: [1]   Go Up
  Print  
 
Jump to:  

Powered by EzPortal
Bookmark this site! | Upgrade This Forum
Free SMF Hosting - Create your own Forum

Powered by SMF | SMF © 2016, Simple Machines
Privacy Policy